About Millennium Pharmacy Systems
Millennium Pharmacy Systems is a company based in Oak Brook (United States) founded in 2003 was acquired by PharMerica in September 2014. Millennium Pharmacy Systems has raised $61.57 million across 3 funding rounds from investors including ATEL Capital Group, PharMerica and Ascension Ventures.
- Headquarter Oak Brook, United States
- SectorsHealthcare
- Website mpsrx.com
- Social LinkedIn
- Acquired by PharMerica (Sep 2014)
- Total Equity Funding$61.57M (USD)
in 3 rounds
- Latest Funding Round$40M (USD), Private Equity Round
Jul 2012
- InvestorsATEL Capital Group
& 5 more
- Acquired byPharMerica
(Sep 2014)
Funding Insights of Millennium Pharmacy Systems
Millennium Pharmacy Systems has successfully raised a total of $61.57M across 3 strategic funding rounds. The most recent funding activity was a Private Equity Round of $40 million completed in July 2012. 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 $61.57M
- Total Rounds 3
- Last Round Private Equity Round — $40M
- First Round $14.5M
(Nov 2005)
- Investors Count 5
All 3 funding rounds of Millennium Pharmacy Systems 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 |
|---|---|---|---|---|---|
| Jul 2012 | $40M | Private Equity Round | – | – | |
| Nov 2010 | $7.07M | Series A | – | – | – |
| Nov 2005 | $14.5M | Private Equity Round | – | – |
6 investors in total: 6 institutional.
Investors in Millennium Pharmacy Systems
Millennium Pharmacy Systems has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include ATEL Capital Group, PharMerica and Ascension Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Strategic investments in healthcare technologies and data innovations. | – | ascensionventures.org | - | |
VC & private debt firm focused on tech companies | 1977 | atel.com | San Francisco, United States | |
Growth-stage healthcare companies are invested in by EW Healthcare Partners. | – | ewhealthcare.com | New York, United States | |
Venture capital is offered by Boulder Ventures for innovative companies. | – | boulderventures.com | Boulder, United States | |
Early stage healthcare services investments are facilitated by CHL. | – | chlmedical.com | Westport, United States | |
Pharmacy needs of nursing facilities and dispensing software are served. | 1998 | pharmerica.com | Louisville, United States |
Investor details for Millennium Pharmacy Systems
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.
People of Millennium Pharmacy Systems
4 people are tracked at Millennium Pharmacy Systems (2 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
Philip Keough | CEO & President | Leadership |
Philip J Keough IV | President and Chief Executive Officer | Leadership |
Lena Sturgeon | EVP | Team |
Marla Paslawski | Executive Assistant | Team |
Complete people profiles for Millennium Pharmacy Systems
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Millennium Pharmacy Systems
4 dated milestones of Millennium Pharmacy Systems across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Millennium Pharmacy Systems is founded.
- Funding First funding round of $14.5M.
- Funding Latest funding round, Private Equity Round, of $40.0M.
- Exit Acquired by PharMerica.
Web traffic of Millennium Pharmacy Systems
Websites that share an audience with Millennium Pharmacy Systems (mpsrx.com).
Websites whose visitors overlap most with Millennium Pharmacy Systems. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| pharmerica.com | 29% | 28.9K | #874,262 | View details |
Similar companies to Millennium Pharmacy Systems
10 companies that operate in the same segment as Millennium Pharmacy Systems (Pharmaceuticals & Distribution), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Pharmaceutical products are manufactured and marketed worldwide. | 1891 | Kenilworth, Warwickshire, United Kingdom | – | USD 64.93 B | 781 | |
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 | |
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Traditional pharmaceutical medicines are developed for multiple health fields. | 1876 | United States | – | USD 65.18 B | 47,000 | |
Developer of medicines to treat HIV/AIDS, liver diseases, cancer & others | 1987 | Foster City, California, United States | – | USD 29.45 B | 17,600 | |
Novel therapeutics are discovered using an AI-enabled drug platform. | 2013 | New York, New York, United States | USD 456.66 M | USD 74.68 M | – | |
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Developer of medical devices, generic pharmaceuticals, and nutrition products | 1888 | Libertyville, Illinois, United States | – | USD 44.33 B | 3,710 | |
Medicines and health products are retailed through pharmacy outlets. | 2006 | Hyderabad, Telangana, India | USD 268.78 M | USD 734.57 M | 25,010 |
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Frequently Asked Questions about Millennium Pharmacy Systems
Millennium Pharmacy Systems was founded in 2003 and raised its 1st funding round 2 years after it was founded.
Millennium Pharmacy Systems is headquartered in Oak Brook, United States. It is registered at Oak Brook, Illinois, United States.
Philip Keough is the current CEO of Millennium Pharmacy Systems.
Millennium Pharmacy Systems is a funded company, having raised a total of $61.57M across 3 funding rounds to date. The company's 1st funding round was a Private Equity Round of $14.5M, raised on Nov 2005.
Millennium Pharmacy Systems was founded in 2003 and is based in Oak Brook, United States. Pharmacy services are provided to the long-term care industry, focusing on just-in-time dispensing. Electronic systems are utilized for medication and treatment ordering, administration, documentation, and reporting. Core solutions encompass order processing, dispensing, administration, management, and reporting functionalities.
Millennium Pharmacy Systems has 6 investors. Key investors include ATEL Capital Group, PharMerica, Ascension Ventures, EW Healthcare Partners, and Boulder Ventures.
Yes. Millennium Pharmacy Systems was acquired by PharMerica in September 2014.