About Veridicus Health
Veridicus Health is a company based in Salt Lake City (United States) founded in 2006 was acquired by Magellan Health in November 2016.. Veridicus Health has raised $15.84 million across 1 funding round from investors including Magellan Health. Veridicus Health has completed 1 acquisition, including GPS Admin.
- Headquarter Salt Lake City, United States
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$15.84 M (USD)
in 1 rounds
-
Latest Funding Round
$15.84 M (USD), Series B
Jul 06, 2015
- Investors
-
Employee Count
Employee Count
- Investments & Acquisitions
-
Acquired by
Magellan Health
(Nov 19, 2016)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of Veridicus Health
Veridicus Health has successfully raised a total of $15.84M through 1 strategic funding round. The most recent funding activity was a Series B round of $15.84 million completed in July 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 1
- Last Round Series B — $15.8M
-
First Round
First Round
(06 Jul 2015)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2015 | Amount | Series B - Veridicus Health | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Veridicus Health
Veridicus Health has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Magellan 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 |
|---|---|---|---|---|
|
Behavioral healthcare management and pharmacy services are provided for employees.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Veridicus Health
Veridicus Health has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include GPS Admin. 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 |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Official website offering games download
|
2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Veridicus Health
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Veridicus Health Comparisons
Competitors of Veridicus Health
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Veridicus Health
When was Veridicus Health founded?
Veridicus Health was founded in 2006 and raised its 1st funding round 9 years after it was founded.
Where is Veridicus Health located?
Veridicus Health is headquartered in Salt Lake City, United States. It is registered at Salt Lake City, Utah, United States.
Is Veridicus Health a funded company?
Veridicus Health is a funded company, having raised a total of $15.84M across 1 funding round to date. The company's 1st funding round was a Series B of $15.84M, raised on Jul 06, 2015.
What does Veridicus Health do?
Veridicus Health provides customizable pharmacy services. Offers clinical care management, MTM, and PBM services for commercial, Medicare Part D plans andnbsp;prescription drug services. Veridicus Healths family of companies includes VRx Pharmacy Services (PBM), VRx Pharmacy, Veridicus CareManagement, and Granite Alliance Insurance Company. Serves employers and health plans.nbsp;.
How many acquisitions has Veridicus Health made?
Veridicus Health has made 1 acquisition, including GPS Admin.
Who are Veridicus Health's investors?
Veridicus Health has 1 investor. Key investors include Magellan Health.