About PharMerica
PharMerica is a company based in Louisville (United States) founded in 1998 was acquired by KKR in August 2017.. The company has 4,088 employees as of December 31, 2022. PharMerica has completed 17 acquisitions, including Altius Healthcare, AmeritaIV and BGS Pharmacy Partners. PharMerica offers products and services including Long-Term Care Pharmacy, Home Infusion Services, and Specialty Pharmacy. PharMerica operates in a competitive market with competitors including Fullscript, InpharmD, Ateb, Ipharmacare and Welldium, among others.
- Headquarter Louisville, United States
- Employees 4088 as on 31 Dec, 2022
- Stage Public
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Pharmerica Corporation
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Annual Revenue
$2.09 B3as on Dec 31, 2016
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Net Profit
$21.6 M-38as on Dec 31, 2016
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EBITDA
$38.4 M-29as on Dec 31, 2016
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Latest Funding Round
$12 M (USD), Debt – Conventional
Dec 15, 2017
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Investors
KKR
& 3 more
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Employee Count
4088
as on Dec 31, 2022
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Investments & Acquisitions
Altius Healthcare
& 16 more
- Acquired by
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Products & Services of PharMerica
PharMerica offers a comprehensive portfolio of products and services, including Long-Term Care Pharmacy, Home Infusion Services, and Specialty Pharmacy. 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.
Provides medication management for long-term care facilities
Delivers complex pharmaceuticals to patients at home
Meets needs of patients with cancer and other conditions
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Funding Insights of PharMerica
- Total Funding Total Funding
- Total Rounds 3
- Last Round Debt – Conventional — $12.0M
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First Round
First Round
(01 Apr 1998)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2017 | Amount | Debt – Conventional - PharMerica | Valuation |
investors |
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| Dec, 2017 | Amount | Post-IPO - PharMerica | Valuation |
investors |
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| Apr, 1998 | Amount | Debt – Conventional - PharMerica | Valuation |
investors |
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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 PharMerica
PharMerica has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include KKR, Walgreens Boots Alliance and Athyrium Capital Management. 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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Global private equity investments are managed by the firm.
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by this private equity firm.
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Founded Year | Domain | Location | |
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Health and wellbeing solutions are provided through global pharmacy networks.
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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 PharMerica
PharMerica has strategically engaged in corporate development activities, having acquired 17 companies. Notable acquisitions include Altius Healthcare, AmeritaIV and BGS Pharmacy Partners. 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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Pharmaceutical services are provided in Cheektowaga, United States.
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2015 | ||||
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Complex pharmaceutical products and infusion services are provided outside hospitals.
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2012 | ||||
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Healthcare management services are provided for pharmacy operations.
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2007 |
| 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 - PharMerica
| 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 |
Pharmerica Comparisons
Competitors of PharMerica
PharMerica 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 Fullscript, InpharmD, Ateb, Ipharmacare and Welldium, 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 |
Supplements dispensing platform is provided for health practitioners.
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| domain | founded_year | HQ Location |
Evidence-based drug information is provided to healthcare providers online.
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| domain | founded_year | HQ Location |
Pharmacy-based patient care solutions and medication synchronization are provided.
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| domain | founded_year | HQ Location |
A clinical rational drug management system is provided for pharmacists.
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| domain | founded_year | HQ Location |
Medical supplements are recommended through software for pharmacists and doctors.
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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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Latest news on Pharmerica
Frequently Asked Questions about PharMerica
When was PharMerica founded?
PharMerica was founded in 1998.
Where is PharMerica located?
PharMerica is headquartered in Louisville, United States. It is registered at Louisville, Kentucky, United States.
How many employees does PharMerica have?
As of Dec 31, 2022, the latest employee count at PharMerica is 4,088.
What is the annual revenue of PharMerica?
Annual revenue of PharMerica is $2.09B as on Dec 31, 2016.
What does PharMerica do?
Founded in 1998 and based in Louisville, United States, PharMerica operates in the pharmacy sector with over 100 locations. Daily medication requirements for nursing facilities are fulfilled through these sites. Decision support software is offered, including containment tools for medication management and cost savings. Dispensing limits on high-cost medications are enforced, automatic split-billing is handled during payer changes, and price forecasting tools are provided to identify lower-cost alternatives before orders.
Who are the top competitors of PharMerica?
PharMerica's top competitors include Fullscript, InpharmD and Ipharmacare.
What products or services does PharMerica offer?
PharMerica offers Long-Term Care Pharmacy, Home Infusion Services, and Specialty Pharmacy.
How many acquisitions has PharMerica made?
PharMerica has made 17 acquisitions, including Altius Healthcare, AmeritaIV, and BGS Pharmacy Partners.
Who are PharMerica's investors?
PharMerica has 3 investors. Key investors include KKR, Walgreens Boots Alliance, and Athyrium Capital Management.
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