About ModernHEALTH
ModernHEALTH is a Healthcare company based in Lake Mary (United States) founded in 1975, and was acquired by Kroger in July 2016. Digital patient engagement tools for pharmacies are developed and provided. ModernHEALTH has completed 1 acquisition, including Total Life Care Pharmacy. Its chief executive, as recorded, is Don Meffe. The company was acqui-hired. Its focus areas include HealthTech, Pharmacy IT, Patient Engagement and Diversified. Its competitors include Digital Pharmacist, Waltz Health and MedVantx; 3 of its 3 listed competitors have raised funding.
Company details
ModernHEALTH was founded in 1975 and is headquartered in Lake Mary, United States. Operations focus on the healthcare sector, specifically pharmacy technology. A digital platform is offered to facilitate patient engagement, including tools for communication and management. Services are delivered through the domain modernhealthinc.com. Leadership is provided by CEO Don Meffe, overseeing product development and market expansion in the U.S.
- Headquarters Lake Mary, United States
- Stage Acquired
- SectorsHealthcare
- Website modernhealthinc.com
- Social LinkedIn X
- Acquired by Kroger (Jul 2016)
Funding Insights of ModernHEALTH
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of ModernHEALTH 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 | Unspecified | – | Altamont Capital Partners | – |
2 investors in total: 2 institutional.
Investors in ModernHEALTH
ModernHEALTH has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Kroger and Altamont Capital Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm investing in lower-middle market companies across Industrials, Business Services, Financial Services, and Franchising & Multi-Unit sectors. | altamontcapital.com | |||
Grocery products are retailed through a nationwide chain of stores. | 1883 | kroger.com | Cincinnati, United States |
Investor details for ModernHEALTH
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- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of ModernHEALTH
1 people are tracked at ModernHEALTH (1 in leadership).
| Name | Role | Group |
|---|---|---|
Don Meffe | CEO | Leadership |
Complete people profiles for ModernHEALTH
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
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Investments & Acquisitions by ModernHEALTH
ModernHEALTH has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Total Life Care Pharmacy.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Limited information available | tlcrxpharmacy.com | Harvey, United States | 2008 | Jul 2016 | •••• |
Complete acquisition details for ModernHEALTH
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- Acquired stakes
- Deal sources
- Complete history
- Exports
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Timeline of ModernHEALTH
4 dated milestones of ModernHEALTH across 41 years, from founding to its latest funding, stage changes and deals.
- Founded ModernHEALTH is founded.
- Funding First funding round.
- Exit Acquired by Kroger.
- Acquisition Acquires Total Life Care Pharmacy.
Competitors of ModernHEALTH
ModernHEALTH has 3 listed competitors in our database, 3 of them funded. They include Digital Pharmacist, Waltz Health and MedVantx.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| digitalpharmacist.com | 2010 | Austin, United States | $106.5M | 213 | Platform offering CRM software for pharmacies | |
| waltzhealth.com | 2021 | Chicago, United States | $52.9M | 32 | Prescription costs are managed via AI for payers and consumers. | |
| medvantx.com | 2000 | San Diego, United States | $12M | 264 | Patient engagement and supply chain platform for pharmaceuticals is provided. |
Detailed competitors of ModernHEALTH
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- Full competitor set
- Operating metrics
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Top companies in Pharmacy & Healthcare Retail Systems
3 companies that operate in the same segment as ModernHEALTH (Pharmacy & Healthcare Retail Systems) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Alto Pharmacy is focused on providing convenient prescription delivery services. | 2015 | San Francisco, California, United States | USD 591.64 M | 802 | ||
Optum is recognized as a leading health solution and care delivery organization. | 2011 | Eden Prairie, Minnesota, United States | USD 250 K | USD 383.36 M | 140 | |
Materials management and business analytics solutions for healthcare are provided. | 1992 | Mountain View, California, United States | USD 20 M | USD 1.18 B | 3,670 |
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Frequently Asked Questions about ModernHEALTH
ModernHEALTH was founded in 1975 and raised its 1st funding round 37 years after it was founded.
ModernHEALTH is headquartered in Lake Mary, United States. It is registered at Lake Mary, Florida, United States.
Don Meffe is the CEO of ModernHEALTH, as recorded in our data.
ModernHEALTH was founded in 1975 and is headquartered in Lake Mary, United States. Operations focus on the healthcare sector, specifically pharmacy technology. A digital platform is offered to facilitate patient engagement, including tools for communication and management. Services are delivered through the domain modernhealthinc.com. Leadership is provided by CEO Don Meffe, overseeing product development and market expansion in the U.S.
ModernHEALTH's top competitors include Digital Pharmacist, Waltz Health and MedVantx.
ModernHEALTH has made 1 acquisition, including Total Life Care Pharmacy.
ModernHEALTH has 2 investors. Key investors include Kroger, and Altamont Capital Partners.
Yes. ModernHEALTH was acquired by Kroger in July 2016.