About VirMedica
VirMedica is a Healthcare company based in Philadelphia (United States) founded in 2013, and was acquired by CareMetx in September 2018. It operates as a technology solutions for improving patient access to specialty pharmacy prodcuts. VirMedica has completed 1 acquisition, including TransEngen. Its focus areas include HealthTech, Pharmacy IT and Pharmacy Management Systems. Its competitors include mPharma, OmniSYS, Xevant, Pharmagest and Pharmarack and 4 more; 6 of its 9 listed competitors have raised funding.
Company details
VirMedica was founded in 2013 in Philadelphia, United States, within the healthcare technology sector. Operations focus on eAccess technology that automates patient onboarding, including benefit investigations and prior authorizations. Portals are provided for self-service access to benefits information and communication with providers. A pharmacy platform is utilized to route transactions electronically via customized workflows. These services support manufacturers and providers in simplifying therapy access protocols.
- Headquarters Philadelphia, United States
- SectorsHealthcare
- Website virmedica.com
- Social LinkedIn
- Acquired by CareMetx (Sep 2018)
- Investors
- Investments & Acquisitions
- Acquired byCareMetx
(Sep 2018)
Investors in VirMedica
VirMedica has secured backing from 1 investor. Prominent investors backing the company include CareMetx.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Administrative and EHR solutions are provided for healthcare professionals. | 2011 | caremetx.com | Bethesda, United States |
Investor details for VirMedica
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Investments & Acquisitions by VirMedica
VirMedica has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include TransEngen.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Payment processing solutions for the healthcare providers | transengen.com | Shelton, United States | 2006 | Feb 2015 | $15M |
Complete acquisition details for VirMedica
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Timeline of VirMedica
3 dated milestones of VirMedica across 5 years, from founding to its latest funding, stage changes and deals.
- Founded VirMedica is founded.
- Acquisition Acquires TransEngen.
- Exit Acquired by CareMetx.
Competitors of VirMedica
VirMedica has 9 listed competitors in our database, 6 of them funded. They include mPharma, OmniSYS, Xevant, Pharmagest and Pharmarack, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| mpharma.com | 2013 | Accra, Ghana | $95.34M | – | Provider of pharmacy management services and software for stock management for patients and pharmacies | |
| omnisys.com | 1997 | Dallas, United States | $11M | 151 | Offers medical billing services for pharmacies and manages business policies and relationships. | |
| xevant.com | 2017 | Draper, United States | $17.18M | 42 | A SaaS-based platform for pharmacy benefit management is provided. | |
| pharmagest.com | 1984 | – | – | 1,000 | Pharmacy management software is developed and integrated for drugstores worldwide. | |
| pharmarack.com | 2015 | Pune, India | $8.27M | 396 | SaaS-based pharmacy management solutions are offered to retailers and distributors. | |
| scriptainsights.com | 2019 | Wellesley, United States | $17M | – | AI-driven pharmacy benefit management software is provided for pharmacies. | |
| rx30.com | 1977 | Orlando, United States | – | 326 | Pharmacy management software and integrated solutions are provided. | |
| karexpert.com | 2014 | Gurugram, India | $6.99M | 159 | Cloud-based software suite for healthcare providers is offered. | |
| avitapharmacy.com | 2003 | Baton Rouge, United States | – | 126 | A chain of specialty pharmacies |
Detailed competitors of VirMedica
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Top companies in Pharmacy & Healthcare Retail Systems
10 companies that operate in the same segment as VirMedica (Pharmacy & Healthcare Retail Systems), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Alto Pharmacy is focused on providing convenient prescription delivery services. | 2015 | San Francisco, California, United States | USD 591.64 M | – | – | |
Online community and B2B platform for pharmacy professionals is operated. | 2012 | Singapore, Singapore | USD 10 M | – | – | |
Optum is recognized as a leading health solution and care delivery organization. | 2011 | Eden Prairie, Minnesota, United States | USD 250 K | USD 383.36 M | 140 | |
Materials management and business analytics solutions for healthcare are provided. | 1992 | Mountain View, California, United States | USD 20 M | USD 1.18 B | 3,670 | |
Offers a B2B managed marketplace for pharmacies | 2019 | Bengaluru, Karnataka, India | USD 20.02 M | USD 20.23 M | 218 | |
Digital healthcare tools are offered for pharmacies and clinics management. | 2012 | Mumbai, Maharashtra, India | USD 929.11 M | USD 805.55 M | 221 | |
Prescription drugs refill management solutions | 2015 | San Francisco, California, United States | USD 105.54 M | – | 99 | |
On-demand prescription delivery is facilitated for patients through pharmacists' workflows. | 2016 | Jacksonville, United States | USD 30.64 M | – | 95 | |
Medication management systems are supplied to healthcare providers and pharmacies. | 1968 | Columbus, Ohio, United States | USD 8.3 M | – | – | |
Provider of supply chain management platform | 2009 | Columbus, Ohio, United States | USD 5.76 M | – | 55 |
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Related news about Virmedica
Complete news archive for VirMedica
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Frequently Asked Questions about VirMedica
VirMedica was founded in 2013.
VirMedica is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.
VirMedica was founded in 2013 in Philadelphia, United States, within the healthcare technology sector. Operations focus on eAccess technology that automates patient onboarding, including benefit investigations and prior authorizations. Portals are provided for self-service access to benefits information and communication with providers. A pharmacy platform is utilized to route transactions electronically via customized workflows. These services support manufacturers and providers in simplifying therapy access protocols.
VirMedica's top competitors include mPharma, Scripta Insights and KareXpert.
VirMedica has made 1 acquisition, including TransEngen.
VirMedica has 1 investor. Key investors include CareMetx.
Yes. VirMedica was acquired by CareMetx in September 2018.