About Elevate340B
Elevate340B is a Healthcare company based in Draper (United States) founded in 2016, and was acquired by SpendMend in August 2020. 340B compliance solutions are provided for pharmacy operations. Its focus areas include HealthTech, Pharmacy IT, Regulatory and Compliance and 340B Compliance. Its competitors include Wellpartner, Pharmaceutical Strategies Group and Equiscript; 2 of its 3 listed competitors have raised funding.
Company details
Elevate340B was founded in 2016 and is based in Draper, United States. Operations focus on the healthcare sector, specifically pharmacy compliance with the 340B program. Services encompass daily administration optimization, compliance management, strategic growth strategies, recovery audits, tax analysis, and contract oversight. These offerings support pharmacies in navigating regulatory requirements efficiently.
- Headquarters Draper, United States
- Stage Acquired
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website elevate340b.com
- Social LinkedIn X
- Acquired by SpendMend (Aug 2020)
Investors in Elevate340B
Elevate340B has secured backing from 1 investor. Prominent investors backing the company include SpendMend.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Audit recovery and transaction management solutions are provided for businesses. | 1993 | spendmend.com | Grand Rapids, United States |
Investor details for Elevate340B
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People of Elevate340B
1 people are tracked at Elevate340B (1 in leadership).
| Name | Role | Group |
|---|---|---|
Richard Iverson | Owner | Leadership |
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Timeline of Elevate340B
2 dated milestones of Elevate340B across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Elevate340B is founded.
- Exit Acquired by SpendMend.
Competitors of Elevate340B
Elevate340B has 3 listed competitors in our database, 2 of them funded. They include Wellpartner, Pharmaceutical Strategies Group and Equiscript.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| wellpartner.com | 2000 | Tualatin, United States | $37.6M | 89 | 340B contract pharmacy programs and management services are provided. | |
| psgconsults.com | 1994 | Plano, United States | 65 | Pharmacy intelligence platform and clinical consulting services are provided. | ||
| equiscript.com | 2009 | North Charleston, United States | $2.1M | Provider of pharmacy management services |
Detailed competitors of Elevate340B
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Top companies in Pharmacy & Healthcare Retail Systems
3 companies that operate in the same segment as Elevate340B (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 Elevate340b
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Frequently Asked Questions about Elevate340B
Elevate340B was founded in 2016.
Elevate340B is headquartered in Draper, United States. It is registered at Draper, Utah, United States.
Elevate340B was founded in 2016 and is based in Draper, United States. Operations focus on the healthcare sector, specifically pharmacy compliance with the 340B program. Services encompass daily administration optimization, compliance management, strategic growth strategies, recovery audits, tax analysis, and contract oversight. These offerings support pharmacies in navigating regulatory requirements efficiently.
Elevate340B's top competitors include Pharmaceutical Strategies Group, Wellpartner and Equiscript.
Elevate340B has 1 investor. Key investors include SpendMend.
Yes. Elevate340B was acquired by SpendMend in August 2020.