About Envision Pharmaceutical Services
Envision Pharmaceutical Services is a Financial Services company based in Twinsburg (United States) founded in 2001, and was acquired by Rite Aid in February 2015. Prescription drug benefits are managed for members through various services. 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. Its focus areas include Services for Health Insurers, Pharmacy Benefit Managers, Healthcare and Third-Party Administrators. Its legal entity is MedImpact Healthcare Systems, Inc.
Company details
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.
- Headquarters Twinsburg, United States
- Stage Acquired
- SectorsFinancial Services
- Website envisionrx.com
- Social LinkedIn X Facebook
- Acquired by Rite Aid (Feb 2015)
- Legal Name Medimpact Healthcare Systems, Inc
- Total Equity Funding$144.47M (USD)
in 2 rounds
- Latest Funding Round$3.48M (USD), Series A
Sep 2014
- InvestorsTPG
& 1 more
- Investments & AcquisitionsLaker Software
& 1 more
- Acquired by
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.
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 $144.47M
- Total Rounds 2
- Last Round Series A — $3.48M
- First Round $140.99M
(Nov 2013)
All 2 funding rounds of Envision Pharmaceutical Services 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 |
|---|---|---|---|---|---|
| Sep 2014 | $3.48M | Series A | – | – | – |
| Nov 2013 | $140.99M | Series A | – | – | – |
2 investors in total: 2 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Fund of funds focused on pre-seed and seed-stage companies | 1992 | tpg.com | Fort Worth, United States | |
Chain of pharmacies | 1968 | riteaid.com | Harrisburg, United States |
Investor details for Envision Pharmaceutical Services
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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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Insurance solutions are provided for commercial and residential real estate. | medtrakrx.com | Overland Park, United States | 1999 | Jul 2014 | •••• | |
Software solutions for prescription drug claims processing are provided. | lakersoftware.com | Lakeville, United States | 1998 | Dec 2013 | •••• |
Complete acquisition details for Envision Pharmaceutical Services
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Timeline of Envision Pharmaceutical Services
7 dated milestones of Envision Pharmaceutical Services across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Envision Pharmaceutical Services is founded.
- Exit Acquired by TPG.
- Funding First funding round of $141.0M.
- Acquisition Acquires Laker Software.
- Acquisition Acquires MedImpact.
- Funding Latest funding round, Series A, of $3.5M.
- Exit Acquired by Rite Aid.
Web traffic of Envision Pharmaceutical Services
Websites that share an audience with Envision Pharmaceutical Services (envisionrx.com).
Websites whose visitors overlap most with Envision Pharmaceutical Services. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
arxcel.com | arxcel.com | 100% | – | ||
| ameriplanusa.com | 100% | #5,272,090 | View details | ||
innoviant.com | innoviant.com | 100% | – | ||
selectbenefits.net | selectbenefits.net | 100% | – | ||
themedicationprogram.com | themedicationprogram.com | 100% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 20 similar websites and full traffic analytics for Envision Pharmaceutical Services
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- 20 similar websites
- Audience overlap
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Verified entity values are shown only after access is granted.
Top companies in Insurance & Risk Management
3 companies that operate in the same segment as Envision Pharmaceutical Services (Insurance & Risk Management) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Investment advisory, insurance distribution, and risk management services are provided. | 1998 | Chicago, Illinois, United States | USD 1.6 B | |||
Financial institution offering insurance & transaction services | 1847 | Jacksonville, United States | USD 500 M | USD 14.51 B | 23,530 | |
Integrated healthcare services and coverage are provided nationwide. | 1945 | United States |
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Related news about Envision Pharmaceutical Services
Complete news archive for Envision Pharmaceutical Services
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Frequently Asked Questions about Envision Pharmaceutical Services
Envision Pharmaceutical Services was founded in 2001 and raised its 1st funding round 12 years after it was founded.
Envision Pharmaceutical Services is headquartered in Twinsburg, United States. It is registered at Twinsburg, Ohio, United States.
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 2013.
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.
Envision Pharmaceutical Services offers Prescription Benefits Management and Mail Order Prescriptions.
Envision Pharmaceutical Services has made 2 acquisitions, including Laker Software, and MedImpact.
Envision Pharmaceutical Services operates through Medimpact Healthcare Systems, Inc.
Yes. Envision Pharmaceutical Services was acquired by Rite Aid in February 2015.