About Remedi SeniorCare
Remedi SeniorCare is a company based in Baltimore (United States) founded in 1954 was acquired by Clarest Health in January 2024.. Remedi SeniorCare has raised $147.98 million across 2 funding rounds from investors including Centerbridge Partners and Clarest Health. The company has 1,707 employees as of December 31, 2022. Remedi SeniorCare has completed 2 acquisitions, including Cornerstone Pharmacy and Rxfrontier.
- Headquarter Baltimore, United States
- Employees 1707 as on 31 Dec, 2022
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$147.98 M (USD)
in 2 rounds
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Latest Funding Round
$147.98 M (USD), Private Equity Round
Apr 08, 2015
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Investors
Centerbridge Partners
& 1 more
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Employee Count
1707
as on Dec 31, 2022
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Investments & Acquisitions
Cornerstone Pharmacy
& 1 more
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Acquired by
Clarest Health
(Jan 08, 2024)
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Funding Insights of Remedi SeniorCare
Remedi SeniorCare has successfully raised a total of $147.98M across 2 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $147.98 million completed in April 2015. 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 2
- Last Round Private Equity Round — $148.0M
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First Round
First Round
(09 Jul 2009)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2015 | Amount | Private Equity Round - Remedi SeniorCare | Valuation |
investors |
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| Jul, 2009 | Amount | Debt – Conventional - Remedi SeniorCare | 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 Remedi SeniorCare
Remedi SeniorCare has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Centerbridge Partners and Clarest Health. 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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Centerbridge Partners is engaged in alternative investment management.
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Founded Year | Domain | Location | |
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Offers medication management services for patients, caregivers, and healthcare facilities.
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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 Remedi SeniorCare
Remedi SeniorCare has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Cornerstone Pharmacy and Rxfrontier. 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.
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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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Cornerstone Pharmacy is operated as a retail pharmacy chain.
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0 | ||||
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Provider of clinical care services
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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 - Remedi SeniorCare
| 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 |
Remedi Seniorcare Comparisons
Competitors of Remedi SeniorCare
| 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 Remedi SeniorCare
When was Remedi SeniorCare founded?
Remedi SeniorCare was founded in 1954 and raised its 1st funding round 55 years after it was founded.
Where is Remedi SeniorCare located?
Remedi SeniorCare is headquartered in Baltimore, United States. It is registered at Baltimore, Maryland, United States.
Is Remedi SeniorCare a funded company?
Remedi SeniorCare is a funded company, having raised a total of $147.98M across 2 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $1M, raised on Jul 09, 2009.
How many employees does Remedi SeniorCare have?
As of Dec 31, 2022, the latest employee count at Remedi SeniorCare is 1,707.
What does Remedi SeniorCare do?
Founded in 1954 and headquartered in Baltimore, United States, Remedi SeniorCare operates in the healthcare sector, focusing on pharmacy services for senior care facilities. Unit-dose medication systems are supplied to enhance dispensing accuracy and efficiency, alongside clinical expertise, formulary management, and educational resources. Operations include 24-hour medication delivery to support infection control and error reduction, with services aimed at cost management and resident care improvement across facilities.
How many acquisitions has Remedi SeniorCare made?
Remedi SeniorCare has made 2 acquisitions, including Cornerstone Pharmacy, and Rxfrontier.
Who are Remedi SeniorCare's investors?
Remedi SeniorCare has 2 investors. Key investors include Centerbridge Partners, and Clarest Health.