About Optum Specialty Pharmacy
Optum Specialty Pharmacy is a Healthcare company based in Flint (United States) founded in 1975 by Dale Hagerman, and was acquired by Optum in December 2019. Specialty pharmacy services are provided for complex medical conditions. It operates on a Managed Services and Subscription Services model. The company has 1,516 employees. Optum Specialty Pharmacy has completed 10 acquisitions, including 8th Day Software, Affinity Biotech and American Homecare Federation. Optum Specialty Pharmacy offers products and services including Specialty Pharmacy Services, Home Delivery Pharmacy, and Infusion Pharmacy. Its focus areas include Pharmacy Services and Specialty Pharmacy. Its legal entity is Optum, Inc. Its competitors include OmniSYS, Xevant and Scripta Insights; 3 of its 3 listed competitors have raised funding.
Company details
Optum Specialty Pharmacy is focused on delivering personalized care for patients with complex health conditions. Services are offered for managing treatments related to cancer, autoimmune diseases, inflammatory conditions, and viral hepatitis. Support is provided through one-on-one clinical assistance, educational resources, and 247 pharmacist availability. Digital tools, mobile apps, and virtual visits are utilized to enhance patient experience. Medications are delivered with discreet packaging, and financial assistance options are made available. The pharmacy operates across all 50 states in the U.S., ensuring broad accessibility to specialized therapies.
- Latest Funding Round$800M (USD), Debt – Conventional
Dec 2017
- Investors
- Employee Count1,516
- Investments & Acquisitions8th Day Software
& 9 more
- Acquired byOptum
(Dec 2019)
Products & Services of Optum Specialty Pharmacy
Optum Specialty Pharmacy offers a comprehensive portfolio of products and services, including Specialty Pharmacy Services, Home Delivery Pharmacy, and Infusion Pharmacy.
Specialty medications are provided for complex health conditions.
Prescriptions are delivered directly to patients' specified locations.
Infusion therapies are managed for various medical needs.
Funding Insights of Optum Specialty Pharmacy
- Total Rounds 3
- Last Round Debt – Conventional — $800M
- First Round $140M
(Feb 2015)
All 3 funding rounds of Optum Specialty Pharmacy with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2017 | $800M | Debt – Conventional | – | – | – |
| Apr 2015 | $320M | Debt – Conventional | – | – | – |
| Feb 2015 | $140M | Post-IPO | – | – | – |
1 investors in total: 1 institutional.
Investors in Optum Specialty Pharmacy
Optum Specialty Pharmacy has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Optum.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Optum is recognized as a leading health solution and care delivery organization. | 2011 | optum.com | Eden Prairie, United States |
Investor details for Optum Specialty Pharmacy
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People of Optum Specialty Pharmacy
1 people are tracked at Optum Specialty Pharmacy (1 in leadership); the tracked headcount is 1,516.
| Name | Role | Group |
|---|---|---|
Dale Hagerman | Co-Founder | Leadership |
Complete people profiles for Optum Specialty Pharmacy
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Investments & Acquisitions by Optum Specialty Pharmacy
Optum Specialty Pharmacy has strategically engaged in corporate development activities, having acquired 10 companies. Notable acquisitions include 8th Day Software, Affinity Biotech and American Homecare Federation.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of pharmacy benefit managers services | ldirx.com | St. Louis, United States | 1967 | Nov 2017 | $595M | |
Independent Pharmacy Benefit Manager | castiarx.com | Springfield, United States | 2018 | Nov 2017 | $47M | |
Application development, testing, outsourcing, and consulting services are provided. | 8thdaysoftware.com | Memphis, United States | 2013 | Oct 2017 | •••• | |
Home infusion services are delivered to patients in residential settings. | myfocusrx.com | West Babylon, United States | 2008 | Sep 2017 | •••• | |
Healthcare outsourcing services are provided by WRB Communications. | wrbcorp.com | 1996 | May 2017 | $29M | ||
Home nursing care services for hemophilia patients are provided. | affinitybiotech.com | Houston, United States | 2008 | Jan 2017 | $16M | |
Pharmaceutical services and medications are dispensed in Los Angeles. | tnhpharmacy.com | Los Angeles, United States | 2009 | Apr 2016 | $75M | |
Automotive parts and service support for vehicles are provided. | burmansmedical.com | Aston, United States | 2003 | Jun 2015 | $82.8M | |
Standalone pharmacy | biorx.com | Cincinnati, United States | 2004 | Feb 2015 | $210M | |
Standalone hemophilia care clinic | ahfinfo.com | Enfield, United States | 1989 | Jan 2014 | •••• |
Complete acquisition details for Optum Specialty Pharmacy
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Timeline of Optum Specialty Pharmacy
15 dated milestones of Optum Specialty Pharmacy across 44 years, from founding to its latest funding, stage changes and deals.
- Founded Optum Specialty Pharmacy is founded.
- Acquisition Acquires American Homecare Federation.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $140.0M.
- Acquisition Acquires BioRx.
- Acquisition Acquires Burmans.
- Acquisition Acquires TNH Pharmacy.
- Acquisition Acquires Affinity Biotech.
- Acquisition Acquires WRB Communications.
- Acquisition Acquires Focus Rx.
- Acquisition Acquires 8th Day Software.
- Acquisition Acquires CastiaRx.
- Acquisition Acquires LDI Rx.
- Funding Latest funding round, Debt – Conventional, of $800.0M.
- Exit Acquired by Optum.
Competitors of Optum Specialty Pharmacy
Optum Specialty Pharmacy has 3 listed competitors in our database, 3 of them funded. They include OmniSYS, Xevant and Scripta Insights.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| omnisys.com | 1997 | Dallas, United States | $11M | 151 | Offers medical billing services for pharmacies and manages business policies and relationships. | |
| xevant.com | 2017 | Draper, United States | $17.18M | 42 | A SaaS-based platform for pharmacy benefit management is provided. | |
| scriptainsights.com | 2019 | Wellesley, United States | $17M | AI-driven pharmacy benefit management software is provided for pharmacies. |
Detailed competitors of Optum Specialty Pharmacy
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Web traffic of Optum Specialty Pharmacy
Websites that share an audience with Optum Specialty Pharmacy (diplomatpharmacy.com).
Websites whose visitors overlap most with Optum Specialty Pharmacy. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| aultcare.com | 100% | #691,114 | View details | ||
| merck.com | 100% | 656.8K | #78,842 | View details | |
| wellcare.com | 100% | 3.2M | #16,248 | View details | |
| astrazeneca.com | 100% | 1.3M | #48,983 | View details | |
| caresource.com | 100% | 1M | #39,861 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 18 similar websites and full traffic analytics for Optum Specialty Pharmacy
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Top companies in Pharmacy & Healthcare Retail Systems
3 companies that operate in the same segment as Optum Specialty Pharmacy (Pharmacy & Healthcare Retail Systems) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Alto Pharmacy is focused on providing convenient prescription delivery services. | 2015 | San Francisco, California, United States | USD 591.64 M | 802 | ||
Optum is recognized as a leading health solution and care delivery organization. | 2011 | Eden Prairie, Minnesota, United States | USD 250 K | USD 383.36 M | 140 | |
Materials management and business analytics solutions for healthcare are provided. | 1992 | Mountain View, California, United States | USD 20 M | USD 1.18 B | 3,670 |
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Related news about Optum Specialty Pharmacy
Complete news archive for Optum Specialty Pharmacy
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Frequently Asked Questions about Optum Specialty Pharmacy
Optum Specialty Pharmacy was founded in 1975 and raised its 1st funding round 40 years after it was founded.
Optum Specialty Pharmacy is headquartered in Flint, United States. It is registered at Flint, Michigan, United States.
Optum Specialty Pharmacy has 1,516 employees.
Optum Specialty Pharmacy is focused on delivering personalized care for patients with complex health conditions. Services are offered for managing treatments related to cancer, autoimmune diseases, inflammatory conditions, and viral hepatitis. Support is provided through one-on-one clinical assistance, educational resources, and 247 pharmacist availability. Digital tools, mobile apps, and virtual visits are utilized to enhance patient experience. Medications are delivered with discreet packaging, and financial assistance options are made available. The pharmacy operates across all 50 states in the U.S., ensuring broad accessibility to specialized therapies.
Optum Specialty Pharmacy's top competitors include Scripta Insights, Xevant and OmniSYS.
Optum Specialty Pharmacy offers Specialty Pharmacy Services, Home Delivery Pharmacy, and Infusion Pharmacy.
Optum Specialty Pharmacy has made 10 acquisitions, including 8th Day Software, Affinity Biotech, and American Homecare Federation.
Optum Specialty Pharmacy has 1 investor. Key investors include Optum.
Optum Specialty Pharmacy operates through Optum, Inc..
Yes. Optum Specialty Pharmacy was acquired by Optum in December 2019.