About Progressive Care
Progressive Care is a company based in Hallandale Beach (United States) founded in 2005.. The company has 105 employees as of December 31, 2022. Progressive Care has completed 2 acquisitions, including Fivestarrx and TCGRx. Progressive Care operates in a competitive market with competitors including iMedX, Centivo, Omega Healthcare, Rennova Health and Light Wave Dental, among others.
- Headquarter Hallandale Beach, United States
- Employees 105 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
*********
- Legal Name Progressive Care Inc.
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Annual Revenue
$26.78 M-34as on Dec 31, 2023
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Net Profit
$-14.65 M-148as on Dec 31, 2023
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EBITDA
$-13.2 M-457as on Dec 31, 2023
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Latest Funding Round
$1 M (USD), Post-IPO
May 11, 2023
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Investors
NextPlat
& 1 more
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Employee Count
105
as on Dec 31, 2022
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Investments & Acquisitions
Fivestarrx
& 1 more
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Funding Insights of Progressive Care
- Total Funding Total Funding
- Total Rounds 5
- Last Round Post-IPO — $1.0M
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First Round
First Round
(13 Dec 2011)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Post-IPO - Progressive Care | Valuation |
investors |
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| Aug, 2022 | Amount | Post-IPO - Progressive Care | Valuation |
investors |
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| Jan, 2019 | Amount | Debt – Conventional - Progressive Care | 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 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. 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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VC firm investing in seed stage tech companies in the US
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Founded Year | Domain | Location | |
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NextPlat is engaged in global e-commerce, healthcare, and communications solutions.
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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 Progressive Care
Progressive Care has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Fivestarrx and TCGRx. 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
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
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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Provider of medication adherence and robotic dispensing technologies
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2006 | ||||
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Provider of pharmacy services and STD testing for assisted living facilities
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0 |
| 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 - Progressive Care
| 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 |
Progressive Care Comparisons
Competitors of Progressive Care
Progressive Care 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 iMedX, Centivo, Omega Healthcare, Rennova Health and Light Wave Dental, 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 |
Revenue cycle management platform is provided to healthcare providers.
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| domain | founded_year | HQ Location |
Provider of self funded health plan
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| domain | founded_year | HQ Location |
Healthcare outsourcing services are provided to various sectors.
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| domain | founded_year | HQ Location |
Software solutions for laboratory diagnostics are provided to healthcare.
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| domain | founded_year | HQ Location |
Dental practice brokerage services are provided to facilitate transactions.
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| domain | founded_year | HQ Location |
Medical payment integrity and analytics services are provided by MultiPlan.
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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 Progressive Care
Frequently Asked Questions about Progressive Care
When was Progressive Care founded?
Progressive Care was founded in 2005 and raised its 1st funding round 6 years after it was founded.
Where is Progressive Care located?
Progressive Care is headquartered in Hallandale Beach, United States. It is registered at Hallandale Beach, Florida, United States.
How many employees does Progressive Care have?
As of Dec 31, 2022, the latest employee count at Progressive Care is 105.
What is the annual revenue of Progressive Care?
Annual revenue of Progressive Care is $26.78M as on Dec 31, 2023.
What does Progressive Care do?
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.
Who are the top competitors of Progressive Care?
Progressive Care's top competitors include Centivo, Access Healthcare and Rennova Health.
How many acquisitions has Progressive Care made?
Progressive Care has made 2 acquisitions, including Fivestarrx, and TCGRx.
Who are Progressive Care's investors?
Progressive Care has 2 investors. Key investors include NextPlat, and Chicago Ventures.
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