PrimeRx

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PrimeRx - overview

Established

1991

Location

-, -, US

Primary Industry

Software

About

Based in New York, US, and founded in 1991, Micro Merchant Systems, Inc. , dba PrimeRx, operates as a provider of pharmacy management software that focuses on automating and streamlining core pharmacy processes. In 2021, TA Associates invested in PrimeRx. As of 2024, the company is led by its CEO and president, Ketan Mehta.


In February 2026, RedSail Technologies, LLC, a portfolio company of Leonard Green & Partners and Francisco Partners, acquired PrimeRx from TA Associates. The company develops its platform, PrimeRx, which serves a diverse range of pharmacy settings, including retail pharmacies, specialty pharmacies, long-term care facilities, compounding pharmacies, health systems, 340B programs, mail-order pharmacies, and physician offices. PrimeRx helps build and sustain healthy communities by integrating patient, provider, payer, and carer data. One of the firm's key strengths is its user-friendly interface, which allows pharmacy staff to learn and navigate the system.


In addition, the company’s features include inventory management, prescription transfers, pricing optimization, delivery and curbside services, loyalty programs, and patient record accessibility across multiple locations. These features are designed to streamline pharmacy operations, improve efficiency, and enhance the overall patient experience. PrimeRx generates revenue through licensing and subscription fees for its pharmacy management software platform, which supports prescription processing, workflow management, inventory, compliance, point‑of‑sale, and patient engagement. Revenue is derived from recurring contracts with independent pharmacies and pharmacy chains using on‑premises and cloud‑based.


Current Investors

TA Associates

Primary Industry

Software

Sub Industries

Healthcare IT, Analytics & Performance Software, Application Integration Software

Website

www.primerx.io/

Verticals

Cloud Computing, HealthTech, Mobile Apps

Company Stage

Mature - Growth Capital

Total Amount Raised

Subscriber access only

PrimeRx - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Trade SaleCompletedPrimeRx-
Add-on, Spin-OffCompletedTRxADE Inc.'s Assets-
GrowthCompletedPrimeRx-

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