About QualCare
QualCare is a company based in Piscataway (United States) founded in 1991 was acquired by Genex Services in May 2021. It operates as a Managed Services, and Subscription Services. QualCare has raised $77.73 million across 1 funding round from investors including Cigna Healthcare, Genex Services and Ironbridge. QualCare has completed 1 acquisition, including Scibal Associates. QualCare offers products and services including Workers' Compensation Provider Network, Case Management, and Pharmacy Benefit Management.
- Headquarter Piscataway, United States
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Enlyte Group, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$77.73 M (USD)
in 1 rounds
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Latest Funding Round
$77.73 M (USD), Series B
Dec 01, 2005
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Investors
Cigna Healthcare
& 2 more
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Employee Count
Employee Count
- Investments & Acquisitions
- Acquired by
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Products & Services of QualCare
QualCare offers a comprehensive portfolio of products and services, including Workers' Compensation Provider Network, Case Management, and Pharmacy Benefit Management. 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.
Network services for workers' compensation are provided efficiently.
Case management services are offered for injury recovery.
Pharmacy benefits are managed for cost-effective solutions.
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Funding Insights of QualCare
QualCare has successfully raised a total of $77.73M through 1 strategic funding round. The most recent funding activity was a Series B round of $77.73 million completed in December 2005. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series B — $77.7M
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First Round
First Round
(01 Dec 2005)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2005 | Amount | Series B - QualCare | Valuation |
investors |
| 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 QualCare
QualCare has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Cigna Healthcare, Genex Services and Ironbridge. 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 investments are managed by Ironbridge for institutional clients.
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Founded Year | Domain | Location | |
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Health insurance, dental plans, and Medicare coverage are provided.
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Founded Year | Domain | Location | |
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Injury management and disability solutions are provided to employers.
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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 QualCare
QualCare has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Scibal Associates. 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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Third-party administration services are provided to clients by Scibal Associates.
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1998 |
| 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 - QualCare
| 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 |
Qualcare Comparisons
Competitors of QualCare
| 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 QualCare
When was QualCare founded?
QualCare was founded in 1991 and raised its 1st funding round 14 years after it was founded.
Where is QualCare located?
QualCare is headquartered in Piscataway, United States. It is registered at Piscataway, New Jersey, United States.
Is QualCare a funded company?
QualCare is a funded company, having raised a total of $77.73M across 1 funding round to date. The company's 1st funding round was a Series B of $77.73M, raised on Dec 01, 2005.
What does QualCare do?
QualCare, part of Enlyte Group, LLC, is managed as a preferred provider network specializing in workers compensation solutions. Services are provided in the healthcare sector, focusing on cost containment, case management, and pharmacy benefit management. Integrated network solutions are offered through Coventry, supporting providers and injured individuals across the United States. Additional services, including disability management and utilization review, are delivered to ensure effective injury and liability management.
What products or services does QualCare offer?
QualCare offers Workers' Compensation Provider Network, Case Management, and Pharmacy Benefit Management.
How many acquisitions has QualCare made?
QualCare has made 1 acquisition, including Scibal Associates.
Who are QualCare's investors?
QualCare has 3 investors. Key investors include Cigna Healthcare, Genex Services, and Ironbridge.