About Elixir
Elixir is a company based in Philadelphia (United States) founded in 2001 was acquired by MedImpact Healthcare Systems in February 2024. It operates as a Managed Services. Elixir offers products and services including Prescription Benefits Management and Mail Order Prescription Delivery. Elixir operates in a competitive market with competitors including Pebble Health, HealthMarkets, Coventry Healthcare, Health in Tech and Buckeye Health Plan, among others.
- Headquarter Philadelphia, United States
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Sectors
Financial Services
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Phone
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Website
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- Legal Name Medimpact
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
MedImpact Healthcare Systems
(Feb 01, 2024)
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Products & Services of Elixir
Elixir offers a comprehensive portfolio of products and services, including Prescription Benefits Management and Mail Order Prescription Delivery. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Prescription benefits are managed for members and clients.
Mail order prescriptions are delivered through BirdiRx service.
Funding Insights of Elixir
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Elixir
Elixir has secured backing from 1 investor. Prominent investors backing the company include MedImpact Healthcare Systems. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Pharmacy benefit management solution for payers, providers and employers
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Elixir
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Elixir
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Elixir Comparisons
Competitors of Elixir
Elixir operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Pebble Health, HealthMarkets, Coventry Healthcare, Health in Tech and Buckeye Health Plan, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Internet first provider of health insurance services
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| domain | founded_year | HQ Location |
Provider of health insurance and medicare plans for individuals, families, seniors, and small businesses
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| domain | founded_year | HQ Location |
Limited information available
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| domain | founded_year | HQ Location |
Health insurance services are delivered through internet-first platforms.
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| domain | founded_year | HQ Location |
Health insurance services are delivered primarily through an internet-first model.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Elixir
When was Elixir founded?
Elixir was founded in 2001.
Where is Elixir located?
Elixir is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.
What does Elixir do?
Prescription benefits are managed for members and clients under the brand Elixir, now operating as MedImpact. Services are provided in the healthcare sector, focusing on prescription benefits management. Solutions include access to member portals for coverage reviews and pharmacy searches, as well as mail order prescription delivery through BirdiRx. Support is offered for tracking orders, transferring prescriptions, and accessing medication history.
Who are the top competitors of Elixir?
Elixir's top competitors include Buckeye Health Plan, HealthMarkets and Health in Tech.
What products or services does Elixir offer?
Elixir offers Prescription Benefits Management and Mail Order Prescription Delivery.
Who are Elixir's investors?
Elixir has 1 investor. Key investors include MedImpact Healthcare Systems.
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