About Third Wave Recovery Systems
Third Wave Recovery Systems is a company based in Las Vegas (United States) founded in 2016 by Joel Landau.. Third Wave Recovery Systems has raised $139.92 million across 2 funding rounds from investors including WindRose Health Investors. Third Wave Recovery Systems has completed 1 acquisition, including SRX. Third Wave Recovery Systems offers products and services including Rebate Administration, Real-Time Adjudication, Formulary Management, and Analytics and Reporting. Third Wave Recovery Systems operates in a competitive market with competitors including Covera Health, CorEvitas, Agathos, Socially Determined and Kythera Labs, among others.
- Headquarter Las Vegas, United States
- Founders Joel Landau
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Sectors
Healthcare
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Phone
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Website
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Social
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- Legal Name Third Wave Recovery Systems, 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
$139.92 M (USD)
in 2 rounds
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Latest Funding Round
$120 M (USD), Private Equity Round
Sep 13, 2022
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Third Wave Recovery Systems
Third Wave Recovery Systems offers a comprehensive portfolio of products and services, including Rebate Administration, Real-Time Adjudication, Formulary Management, and Analytics and Reporting. 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.
Automates processes to identify and manage drug rebates for savings
Monitors contract adherence to minimize claim denials and errors
Improves clinical and financial outcomes through data-driven formularies
Provides dashboards for informed decision-making on drug spend
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Funding Insights of Third Wave Recovery Systems
Third Wave Recovery Systems has successfully raised a total of $139.92M across 2 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $120 million completed in September 2022. 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 — $120.0M
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First Round
First Round
(17 Dec 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2022 | Amount | Private Equity Round - Third Wave Recovery Systems | Valuation |
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| Dec, 2021 | Amount | Series B - Third Wave Recovery Systems | Valuation |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Third Wave Recovery Systems
Third Wave Recovery Systems has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include WindRose Health Investors. 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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US healthcare investments are managed by private equity firm.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Third Wave Recovery Systems
Third Wave Recovery Systems has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include SRX. 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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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Software for controlling pharmacy expenditures is provided by SRX.
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OVO is recognized as a smart digital payment application.
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Bionic investment advisor platform
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Financial Statements - Third Wave Recovery Systems
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
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Third Wave Recovery Systems Comparisons
Competitors of Third Wave Recovery Systems
Third Wave Recovery Systems 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 Covera Health, CorEvitas, Agathos, Socially Determined and Kythera Labs, 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 |
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Data analytics services for healthcare are provided by Covera Health.
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Market strategy, medical affairs, and data analytics services are provided.
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| domain | founded_year | HQ Location |
Agathos is a healthcare company that focuses on reducing clinical variation for hospitals and primary care
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Provider of consulting services for healthcare companies.
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| domain | founded_year | HQ Location |
Data management and analytics platforms are supplied for healthcare sectors.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Third Wave Recovery Systems
Frequently Asked Questions about Third Wave Recovery Systems
When was Third Wave Recovery Systems founded?
Third Wave Recovery Systems was founded in 2016 and raised its 1st funding round 5 years after it was founded.
Where is Third Wave Recovery Systems located?
Third Wave Recovery Systems is headquartered in Las Vegas, United States. It is registered at Las Vegas, Nevada, United States.
Is Third Wave Recovery Systems a funded company?
Third Wave Recovery Systems is a funded company, having raised a total of $139.92M across 2 funding rounds to date. The company's 1st funding round was a Series B of $19.92M, raised on Dec 17, 2021.
What does Third Wave Recovery Systems do?
Third Wave Recovery Systems was founded in 2016 and is headquartered in Las Vegas, United States. Operations focus on the pharmaceutical sector, where rebate analysis, data submission, and management solutions are delivered to clients. Services encompass processing and optimizing rebate programs through specialized software and analytics. The company supports healthcare providers and payers in navigating complex reimbursement landscapes across the U.S. market.
Who are the top competitors of Third Wave Recovery Systems?
Third Wave Recovery Systems's top competitors include Covera Health, Agathos and Socially Determined.
What products or services does Third Wave Recovery Systems offer?
Third Wave Recovery Systems offers Rebate Administration, Real-Time Adjudication, Formulary Management, and Analytics and Reporting.
How many acquisitions has Third Wave Recovery Systems made?
Third Wave Recovery Systems has made 1 acquisition, including SRX.
Who are Third Wave Recovery Systems's investors?
Third Wave Recovery Systems has 1 investor. Key investors include WindRose Health Investors.
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