About Matrix Healthcare Services
Matrix Healthcare Services is a company based in Tampa (United States) founded in 2001 was acquired by Express Scripts in May 2017.. Matrix Healthcare Services has raised $1.22 million across 4 funding rounds from investors including Express Scripts. The company has 204 employees as of December 31, 2016. Matrix Healthcare Services offers products and services including ARM, One Drug Review, CASE Rx, myDataSense, and myPassport. Matrix Healthcare Services operates in a competitive market with competitors including Hinge Health, Practo, Accolade, Sharecare and Spendesk, among others.
- Headquarter Tampa, United States
- Employees 204 as on 31 Dec, 2016
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Sectors
TechnologyHealthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Matrix Healthcare Services, 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
$1.22 M (USD)
in 4 rounds
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Latest Funding Round
$208 M (USD), Debt – Conventional
Oct 01, 2016
- Investors
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Employee Count
204
as on Dec 31, 2016
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Acquired by
Express Scripts
(May 17, 2017)
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Products & Services of Matrix Healthcare Services
Matrix Healthcare Services offers a comprehensive portfolio of products and services, including ARM, One Drug Review, CASE Rx, myDataSense, and myPassport. 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.
Platform for alerting and managing clinical drug reviews
Service for reviewing individual prescription drugs
Tool for assessing clinical and safety aspects of medications
System for analyzing pharmacy data and trends
Platform for user access to pharmacy resources
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Funding Insights of Matrix Healthcare Services
Matrix Healthcare Services has successfully raised a total of $1.22M across 4 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $208 million completed in October 2016. 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 4
- Last Round Debt – Conventional — $208.0M
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First Round
First Round
(17 May 2010)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2016 | Amount | Debt – Conventional - Matrix Healthcare Services | Valuation |
investors |
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| Jan, 2012 | Amount | Seed - Matrix Healthcare Services | Valuation |
investors |
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| May, 2011 | Amount | Seed - Matrix Healthcare Services | Valuation |
investors |
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| 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 Matrix Healthcare Services
Matrix Healthcare Services has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Express Scripts. 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 services are delivered through SaaS platforms.
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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 Matrix Healthcare Services
| 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 - Matrix Healthcare Services
| 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 |
Matrix Healthcare Services Comparisons
Competitors of Matrix Healthcare Services
Matrix Healthcare Services 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 Hinge Health, Practo, Accolade, Sharecare and Spendesk, 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 |
Virtual physical therapy and digital pain care solutions are provided.
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Doctor appointments are booked and healthcare professionals are consulted online.
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Employee health benefits are facilitated via a cloud-based platform.
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Health and wellness social network for employees is provided.
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Provider of prepaid cards for financial benefits of employees
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Employee health and well-being solutions are delivered through a platform.
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Matrix Healthcare Services
Frequently Asked Questions about Matrix Healthcare Services
When was Matrix Healthcare Services founded?
Matrix Healthcare Services was founded in 2001 and raised its 1st funding round 9 years after it was founded.
Where is Matrix Healthcare Services located?
Matrix Healthcare Services is headquartered in Tampa, United States. It is registered at Tampa, Florida, United States.
Is Matrix Healthcare Services a funded company?
Matrix Healthcare Services is a funded company, having raised a total of $1.22M across 4 funding rounds to date. The company's 1st funding round was a Seed of $146.7K, raised on May 17, 2010.
How many employees does Matrix Healthcare Services have?
As of Dec 31, 2016, the latest employee count at Matrix Healthcare Services is 204.
What does Matrix Healthcare Services do?
Matrix Healthcare Services was founded in 2001 in Tampa, United States, and operates in the healthcare sector focused on workers compensation. A pharmacy benefit management platform, known as Technology Plus, is provided to handle claims through real-time alerts, reporting, and productivity tools. Services aim to control costs and support outcomes for injured workers. Clients served include self-insured employers, third-party administrators, managed care organizations, and insurance companies.
Who are the top competitors of Matrix Healthcare Services?
Matrix Healthcare Services's top competitors include Accolade, Hinge Health and Wellhub.
What products or services does Matrix Healthcare Services offer?
Matrix Healthcare Services offers ARM, One Drug Review, CASE Rx, myDataSense, and myPassport.
Who are Matrix Healthcare Services's investors?
Matrix Healthcare Services has 1 investor. Key investors include Express Scripts.