About ModernHEALTH
ModernHEALTH is a company based in Lake Mary (United States) founded in 1975 was acquired by Kroger in July 2016.. ModernHEALTH has completed 1 acquisition, including Total Life Care Pharmacy. ModernHEALTH operates in a competitive market with competitors including Digital Pharmacist, Carebook, Waltz Health, MedVantx and Lifelink Systems, among others.
- Headquarter Lake Mary, United States
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Sectors
Healthcare
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Phone
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Website
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Social
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Funding Insights of ModernHEALTH
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2012 | Amount | Unspecified - ModernHEALTH | Valuation | Altamont Capital Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 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. 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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Private equity firm investing in lower-middle market companies across Industrials, Business Services, Financial Services, and Franchising & Multi-Unit sectors.
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Founded Year | Domain | Location | |
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Grocery products are retailed through a nationwide chain of stores.
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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 ModernHEALTH
ModernHEALTH has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Total Life Care Pharmacy. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Limited information available
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2008 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - ModernHEALTH
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Modernhealth Comparisons
Competitors of ModernHEALTH
ModernHEALTH 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 Digital Pharmacist, Carebook, Waltz Health, MedVantx and Lifelink Systems, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Platform offering CRM software for pharmacies
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| domain | founded_year | HQ Location |
Provider of online medical records and patient communication platform
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| domain | founded_year | HQ Location |
Prescription costs are managed via AI for payers and consumers.
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| domain | founded_year | HQ Location |
Patient engagement and supply chain platform for pharmaceuticals is provided.
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| domain | founded_year | HQ Location |
AI-based patient engagement tools are provided for healthcare professionals.
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| domain | founded_year | HQ Location |
Pharmacovigilance and patient engagement platform is provided for pharmacies.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about ModernHEALTH
When was ModernHEALTH founded?
ModernHEALTH was founded in 1975 and raised its 1st funding round 37 years after it was founded.
Where is ModernHEALTH located?
ModernHEALTH is headquartered in Lake Mary, United States. It is registered at Lake Mary, Florida, United States.
Who is the current CEO of ModernHEALTH?
Don Meffe is the current CEO of ModernHEALTH.
What does ModernHEALTH do?
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.
Who are the top competitors of ModernHEALTH?
ModernHEALTH's top competitors include Digital Pharmacist, Waltz Health and MedVantx.
How many acquisitions has ModernHEALTH made?
ModernHEALTH has made 1 acquisition, including Total Life Care Pharmacy.
Who are ModernHEALTH's investors?
ModernHEALTH has 2 investors. Key investors include Kroger, and Altamont Capital Partners.