About Verity
Verity is a company based in Kirkland (United States) founded in 2002 was acquired by Express Scripts in October 2019. It operates as a SaaS (Software-as-a-Service), and Managed Services. Verity offers products and services including VERISAVE Purchase Optimization, FUSEBOX 340B Alternative Distribution, and VHUB for Contract Pharmacies. Verity operates in a competitive market with competitors including Wellpartner, Pharmaceutical Strategies Group, Equiscript, PharMedQuest and doc&i, among others.
- Headquarter Kirkland, United States
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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
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- Legal Name Verity Solutions Group, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Cigna Healthcare
& 1 more
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Employee Count
Employee Count
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Acquired by
Express Scripts
(Oct 02, 2019)
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Products & Services of Verity
Verity offers a comprehensive portfolio of products and services, including VERISAVE Purchase Optimization, FUSEBOX 340B Alternative Distribution, and VHUB for Contract Pharmacies. 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.
Purchase optimization is provided for healthcare pharmacy savings.
Alternative distribution solutions are offered for 340B program compliance.
Centralized management platform is designed for contract pharmacy operations.
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Funding Insights of Verity
| 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 |
investors |
Investors in Verity
Verity has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Cigna Healthcare and Express Scripts. 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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Pharmacy benefit management services are delivered through SaaS platforms.
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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 |
| 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 Verity
| 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 |
Financial Statements - Verity
| 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 |
investors |
Verity Comparisons
Competitors of Verity
Verity 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 Wellpartner, Pharmaceutical Strategies Group, Equiscript, PharMedQuest and doc&i, 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 |
340B contract pharmacy programs and management services are provided.
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| domain | founded_year | HQ Location |
Pharmacy intelligence platform and clinical consulting services are provided.
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| domain | founded_year | HQ Location |
Provider of pharmacy management services
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| domain | founded_year | HQ Location |
Medical benefit management for specialty healthcare is developed.
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| domain | founded_year | HQ Location |
Cloud-based prescription transparency software
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| domain | founded_year | HQ Location |
Delivers tools for managing 340B programs in pharmacies.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Verity
Frequently Asked Questions about Verity
When was Verity founded?
Verity was founded in 2002.
Where is Verity located?
Verity is headquartered in Kirkland, United States. It is registered at Kirkland, Washington, United States.
What does Verity do?
Innovative technology and services are delivered by Verity to empower pharmacy supply chain partners. Efficiency and financial success are enhanced for healthcare facilities, 340B covered entities, and contract pharmacies. Solutions including inventory management, purchase optimization, and 340B program support are offered. The focus is placed on serving hospitals, clinics, and community health centers. A cloud-based platform with robust security measures is utilized to ensure data protection and user accessibility. Comprehensive support is extended through dedicated account managers and training specialists.
Who are the top competitors of Verity?
Verity's top competitors include Pharmaceutical Strategies Group, Wellpartner and PharMedQuest.
What products or services does Verity offer?
Verity offers VERISAVE Purchase Optimization, FUSEBOX 340B Alternative Distribution, and VHUB for Contract Pharmacies.
Who are Verity's investors?
Verity has 2 investors. Key investors include Cigna Healthcare, and Express Scripts.
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