About Envision Pharmaceutical Services
Envision Pharmaceutical Services is a company based in Twinsburg (United States) founded in 2001 was acquired by Rite Aid in February 2015.. Envision Pharmaceutical Services has raised $144.47 million across 2 funding rounds from investors including TPG and Rite Aid. Envision Pharmaceutical Services has completed 2 acquisitions, including Laker Software and MedImpact. Envision Pharmaceutical Services offers products and services including Prescription Benefits Management and Mail Order Prescriptions.
- Headquarter Twinsburg, United States
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Medimpact Healthcare Systems, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$144.47 M (USD)
in 2 rounds
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Latest Funding Round
$3.48 M (USD), Series A
Sep 05, 2014
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Investors
TPG
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
Laker Software
& 1 more
- Acquired by
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Products & Services of Envision Pharmaceutical Services
Envision Pharmaceutical Services offers a comprehensive portfolio of products and services, including Prescription Benefits Management and Mail Order Prescriptions. 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 through portals and network pharmacies to support coverage reviews and savings.
Mail order prescriptions are handled via dedicated platforms for order tracking and medication history access.
Funding Insights of Envision Pharmaceutical Services
Envision Pharmaceutical Services has successfully raised a total of $144.47M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3.48 million completed in September 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $3.5M
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First Round
First Round
(04 Nov 2013)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2014 | Amount | Series A - Envision Pharmaceutical Services | Valuation |
investors |
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| Nov, 2013 | Amount | Series A - Envision Pharmaceutical Services | Valuation |
investors |
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| 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 |
Investors in Envision Pharmaceutical Services
Envision Pharmaceutical Services has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include TPG and Rite Aid. 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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Fund of funds focused on pre-seed and seed-stage companies
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Founded Year | Domain | Location | |
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Chain of pharmacies
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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 Envision Pharmaceutical Services
Envision Pharmaceutical Services has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Laker Software and MedImpact. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
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|---|---|---|---|---|---|
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Software solutions for prescription drug claims processing are provided.
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1998 |
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OVO is recognized as a smart digital payment application.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Envision Pharmaceutical Services
| 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 |
Envision Pharmaceutical Services Comparisons
Competitors of Envision Pharmaceutical Services
| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Envision Pharmaceutical Services
Frequently Asked Questions about Envision Pharmaceutical Services
When was Envision Pharmaceutical Services founded?
Envision Pharmaceutical Services was founded in 2001 and raised its 1st funding round 12 years after it was founded.
Where is Envision Pharmaceutical Services located?
Envision Pharmaceutical Services is headquartered in Twinsburg, United States. It is registered at Twinsburg, Ohio, United States.
Is Envision Pharmaceutical Services a funded company?
Envision Pharmaceutical Services is a funded company, having raised a total of $144.47M across 2 funding rounds to date. The company's 1st funding round was a Series A of $140.99M, raised on Nov 04, 2013.
What does Envision Pharmaceutical Services do?
Envision Pharmaceutical Services was founded in 2001 and is based in Twinsburg, United States. Operations focus on the pharmaceutical sector, where prescription drug benefits are managed for members. Tools are offered for accessing benefits information, refilling prescriptions via mail order, and locating in-network pharmacies. A member portal is provided for benefit management, alongside mail-order delivery for medications. Support resources are available to assist with prescription needs.
What products or services does Envision Pharmaceutical Services offer?
Envision Pharmaceutical Services offers Prescription Benefits Management and Mail Order Prescriptions.
How many acquisitions has Envision Pharmaceutical Services made?
Envision Pharmaceutical Services has made 2 acquisitions, including Laker Software, and MedImpact.