ProCare Rx
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ProCare Rx - overview
Established
1988
Location
Gainesville, GA, US
Primary Industry
Healthcare IT
About
Founded in 1988 by Roger and Barbara Burgess, ProModRx, based in Gainesville, US, operates in the pharmacy benefit management sector, offering innovative solutions that enhance transparency and optimize clinical outcomes for health plan sponsors, including employers and insurance firms. ProModRx is a pharmacy benefit management company that provides tailored services to health plan sponsors. It operates out of Gainesville, US, and was recently acquired by D2 Pharma Consulting LLC in April 2026 to enhance patient access solutions. The acquisition aims to accelerate growth in healthcare technology.
Information about specific founders or prior companies was not available. ProCare Rx specializes in pharmacy benefit management (PBM) solutions, delivering a suite of services designed to enhance transparency, flexibility, and clinical outcomes for health plan sponsors, including employers and insurance companies. Their comprehensive offerings include real-time claims adjudication, analytics, reporting, prior authorization, and formulary management, all integrated into a single system. By providing clients with full visibility into their pharmacy benefits, ProCare Rx addresses the complexities of pharmaceutical pricing, claim processing, and medication access.
The company actively serves a diverse client base across the United States, emphasizing its commitment to managing specialty pharmacy needs, which often involve high-cost medications requiring specialized oversight. ProCare Rx's proprietary ClearSight Transparency platform equips plan sponsors with actionable insights and reporting capabilities, ensuring informed decision-making regarding drug costs and administrative fees. ProCare Rx generates revenue through a structured model that emphasizes transparent fees and no hidden costs. The company’s transactions typically occur through partnerships with health plan sponsors, offering a combination of administrative services and clinical support for prescription drug benefits.
Clients engage with ProCare Rx on a B2B basis, benefiting from tailored pharmacy benefit services aimed at reducing overall healthcare costs. The revenue model encompasses claim processing fees, which are built from the claim level up, ensuring clarity in billing details and aligning the interests of ProCare Rx with those of its clients. By focusing on specialty pharmacy management, the firm positions itself to capture both traditional and specialized market segments while fostering long-term relationships with its clients. Following its acquisition by D2 Pharma Consulting LLC in April 2026, ProModRx is set to enhance its patient access solutions in the healthcare technology field.
The acquisition will facilitate the development of new products aimed at further optimizing pharmacy benefit management. ProModRx plans to leverage its integrated services to expand into new geographic regions across the United States, enhancing its market presence by focusing on regions with significant healthcare challenges. The rationale behind the acquisition highlights an intention to accelerate growth and product development, thus strengthening its position in the market.
Primary Industry
Healthcare IT
Sub Industries
Healthcare, Healthcare IT, Pharmaceuticals
Website
www.procarerx.com
Total Amount Raised
Subscriber access only
ProCare Rx - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Corporate Carve Out | Completed | PROMODRX, LLC | - |
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