About MemberHealth
MemberHealth is a Healthcare company based in Solon (United States) founded in 1998, and was acquired by Universal American in August 2007. Chain of drug stores. MemberHealth has raised $25 million across 1 funding round from investors including Welsh, Carson, Anderson & Stowe and Universal American. Its focus areas include Pharmacies and Pharmaceutical Drugs. Its legal entity is Maine Potato Growers, Inc.
Company details
MemberHealth was established in 1998 in Solon, United States, within the pharmacy retail sector. A network of drug stores is maintained across the country, where prescriptions are dispensed and health-related products are supplied. Operations emphasize accessibility for customers seeking medications and wellness items. The companys domain, mhrx.com, supports online interactions, while physical locations serve local communities in the healthcare domain.
- Headquarters Solon, United States
- Stage Acquired
- SectorsHealthcare
- Website mhrx.com
- Acquired by Universal American (Aug 2007)
- Legal Name Maine Potato Growers, Inc
- Total Equity Funding$25M (USD)
in 1 rounds
- Latest Funding Round$25M (USD), Series A
Nov 2005
- InvestorsWelsh, Carson, Anderson & Stowe
& 1 more
- Acquired byUniversal American
(Aug 2007)
Funding Insights of MemberHealth
MemberHealth has successfully raised a total of $25M through 1 strategic funding round. The most recent funding activity was a Series A round of $25 million completed in November 2005. 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 $25M
- Total Rounds 1
- Last Round Series A — $25M
- First Round $25M
(Nov 2005)
- Investors Count 1
All 1 funding rounds of MemberHealth 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 |
|---|---|---|---|---|---|
| Nov 2005 | $25M | Series A | – | Welsh, Carson, Anderson & Stowe | – |
2 investors in total: 2 institutional.
Investors in MemberHealth
MemberHealth has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Welsh, Carson, Anderson & Stowe and Universal American.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Healthcare and technology sectors are targeted for private equity investments. | 1979 | wcas.com | New York, United States | |
Health insurance plans are offered by Universal American. | 1992 | universalamerican.com | White Plains, United States |
Investor details for MemberHealth
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of MemberHealth
3 dated milestones of MemberHealth across 9 years, from founding to its latest funding, stage changes and deals.
- Founded MemberHealth is founded.
- Funding First funding round of $25.0M.
- Exit Acquired by Universal American.
Web traffic of MemberHealth
Websites that share an audience with MemberHealth (mhrx.com).
Websites whose visitors overlap most with MemberHealth. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| doctorsolve.com | 100% | 13.4K | #2,359,939 | View details | |
| rxbenefits.com | 100% | 30.9K | #970,357 | View details | |
themedicationprogram.com | themedicationprogram.com | 100% | – | ||
comcare.com | comcare.com | 100% | – | ||
arxcel.com | arxcel.com | 100% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 17 similar websites and full traffic analytics for MemberHealth
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 17 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Pharmaceuticals & Distribution
3 companies that operate in the same segment as MemberHealth (Pharmaceuticals & Distribution) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Therapeutics for neurology, oncology, rare, and endocrinology diseases are developed. | 2014 | New York, New York, United States | USD 1.3 B | USD 8.26 M | 750 | |
Developer of pharmaceutical products for treating multiple diseases | 1980 | Thousand Oaks, California, United States | USD 33.23 B | 28,000 | ||
Biopharmaceutical research and drug development are conducted globally by AbbVie. | 2012 | Chicago, Illinois, United States | USD 61.16 B | 55,000 |
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Frequently Asked Questions about MemberHealth
MemberHealth was founded in 1998 and raised its 1st funding round 7 years after it was founded.
MemberHealth is headquartered in Solon, United States. It is registered at Solon, Ohio, United States.
MemberHealth is a funded company, having raised a total of $25M across 1 funding round to date. The company's 1st funding round was a Series A of $25M, raised on Nov 2005.
MemberHealth was established in 1998 in Solon, United States, within the pharmacy retail sector. A network of drug stores is maintained across the country, where prescriptions are dispensed and health-related products are supplied. Operations emphasize accessibility for customers seeking medications and wellness items. The companys domain, mhrx.com, supports online interactions, while physical locations serve local communities in the healthcare domain.
MemberHealth has 2 investors. Key investors include Welsh, Carson, Anderson & Stowe, and Universal American.
MemberHealth operates through Maine Potato Growers, Inc.
Yes. MemberHealth was acquired by Universal American in August 2007.