About Progressive Care
Progressive Care is a publicly listed company based in Hallandale Beach (United States) founded in 2005. Provider of drug compounding, medical billing, coding, and practice administration risk management services. The company has 105 employees. Progressive Care has completed 2 acquisitions, including Fivestarrx and TCGRx. Its focus areas include Services for Healthcare Providers, BPO and Diversified. Its legal entity is PROGRESSIVE CARE INC. Its competitors include iMedX, Centivo and Omega Healthcare; 2 of its 3 listed competitors have raised funding.
Company details
Progressive Care was founded in 2005 and is headquartered in Hallandale Beach, United States. Operations focus on the healthcare sector, where drug compounding services are delivered alongside medical billing, coding, practice administration, and risk management support. These offerings assist healthcare practices in managing administrative tasks and regulatory compliance across the United States.
- Headquarters Hallandale Beach, United States
- Employees 105
- Stage Public
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website progressivecareus.com
- Social LinkedIn X Facebook
- Legal Name Progressive Care Inc.
- Annual Revenue$26.78 M (USD)-34as on Dec 31, 2023
- Net Profit-$14.65 M (USD)-148as on Dec 31, 2023
- EBITDA-$13.2 M (USD)-457as on Dec 31, 2023
- Latest Funding Round$1M (USD), Post-IPO
May 2023
- InvestorsNextPlat
& 1 more
- Employee Count105
- Investments & AcquisitionsFivestarrx
& 1 more
Funding Insights of Progressive Care
- Total Rounds 5
- Last Round Post-IPO — $1M
- First Round $150,000
(Dec 2011)
- Investors Count 2
All 5 funding rounds of Progressive Care 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 |
|---|---|---|---|---|---|
| May 2023 | $1M | Post-IPO | – | – | |
| Aug 2022 | $7M | Post-IPO | – | – | |
| Jan 2019 | $2.5M | Debt – Conventional | – | – | – |
| Jul 2016 | $2M | Post-IPO | – | – | |
| Dec 2011 | $150,000 | Post-IPO | – | – | – |
2 investors in total: 2 institutional.
Investors in Progressive Care
Progressive Care has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include NextPlat and Chicago Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
VC firm investing in seed stage tech companies in the US | chicagoventures.com | Chicago, United States | ||
NextPlat is engaged in global e-commerce, healthcare, and communications solutions. | 2014 | nextplat.com | Miami, United States |
Investor details for Progressive Care
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Progressive Care
10 people are tracked at Progressive Care (5 in leadership, 5 in board & advisors); the tracked headcount is 105.
| Name | Role | Group |
|---|---|---|
Charles M. Fernandez | Chairman & CEO | Leadership |
Cecile Munnik | Chief Financial Officer | Leadership |
Pamela Roberts | Chief Operating Officer | Leadership |
Robert Bedwell | Director, Administrative Services | Leadership |
Amanda Ferrio | Vice President Of Accounting & Finance | Leadership |
Anthony Armas | Director | Board & advisors |
Elizabeth Alcaine | Director | Board & advisors |
Pedro Rodriguez | Independent Director | Board & advisors |
Rodney Barreto | Vice Chairman | Board & advisors |
Jervis Hough | Director | Board & advisors |
Complete people profiles for Progressive Care
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Investments & Acquisitions by Progressive Care
Progressive Care has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Fivestarrx and TCGRx.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of pharmacy services and STD testing for assisted living facilities | fivestarrx.com | 0 | Jun 2019 | •••• | ||
Provider of medication adherence and robotic dispensing technologies | tcgrx.com | Montreal, Canada | 2006 | May 2018 | •••• |
Complete acquisition details for Progressive Care
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- Acquired stakes
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- Complete history
- Exports
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Timeline of Progressive Care
6 dated milestones of Progressive Care across 18 years, from founding to its latest funding, stage changes and deals.
- Founded Progressive Care is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $150K.
- Acquisition Acquires TCGRx.
- Acquisition Acquires Fivestarrx.
- Funding Latest funding round, Post-IPO, of $1.0M.
Competitors of Progressive Care
Progressive Care has 3 listed competitors in our database, 2 of them funded. They include iMedX, Centivo and Omega Healthcare.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| imedx.com | 2002 | Atlanta, United States | $22.28M | 951 | Revenue cycle management platform is provided to healthcare providers. | |
| centivo.com | 2017 | New York, United States | $224M | 212 | Provider of self funded health plan | |
| omegahms.com | 2003 | Boca Raton, United States | 26,750 | Healthcare outsourcing services are provided to various sectors. |
Detailed competitors of Progressive Care
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Web traffic of Progressive Care
Websites that share an audience with Progressive Care (progressivecareus.com).
Websites whose visitors overlap most with Progressive Care. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| google.com | 100% | 85.8B | #1 | View details |
Top companies in Healthcare Provider Support Services
3 companies that operate in the same segment as Progressive Care (Healthcare Provider Support Services) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of self funded health plan | 2017 | New York, New York, United States | USD 224 M | 212 | ||
Provider of AI solutions for clinical, operational, and business outcomes | 2005 | Princeton, New Jersey, United States | USD 1.13 B | USD 465.22 M | 5,442 | |
AMN Healthcare is recognized as a leading healthcare staffing provider. | 1985 | San Diego, California, United States | USD 2.73 B | 2,970 |
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Related news about Progressive Care
Complete news archive for Progressive Care
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Frequently Asked Questions about Progressive Care
Progressive Care was founded in 2005 and raised its 1st funding round 6 years after it was founded.
Progressive Care is headquartered in Hallandale Beach, United States. It is registered at Hallandale Beach, Florida, United States.
Progressive Care has 105 employees.
Annual revenue of Progressive Care is $26.78M as on Dec 31, 2023.
Progressive Care was founded in 2005 and is headquartered in Hallandale Beach, United States. Operations focus on the healthcare sector, where drug compounding services are delivered alongside medical billing, coding, practice administration, and risk management support. These offerings assist healthcare practices in managing administrative tasks and regulatory compliance across the United States.
Progressive Care's top competitors include Centivo, Omega Healthcare and iMedX.
Progressive Care has made 2 acquisitions, including Fivestarrx, and TCGRx.
Progressive Care has 2 investors. Key investors include NextPlat, and Chicago Ventures.
Progressive Care operates through Progressive Care Inc..