About VirMedica
VirMedica is a company based in Philadelphia (United States) founded in 2013 was acquired by CareMetx in September 2018.. VirMedica has completed 1 acquisition, including TransEngen. VirMedica operates in a competitive market with competitors including mPharma, OmniSYS, Xevant, Pharmagest and Pharmarack, among others.
- Headquarter Philadelphia, United States
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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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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
CareMetx
(Sep 06, 2018)
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Funding Insights of VirMedica
| 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 VirMedica
VirMedica has secured backing from 1 investor. Prominent investors backing the company include CareMetx. 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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Administrative and EHR solutions are provided for healthcare professionals.
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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 VirMedica
VirMedica has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include TransEngen. 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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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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Payment processing solutions for the healthcare providers
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2006 |
| 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 - VirMedica
| 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 |
Virmedica Comparisons
Competitors of VirMedica
VirMedica 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 mPharma, OmniSYS, Xevant, Pharmagest and Pharmarack, 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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| domain | founded_year | HQ Location |
Provider of pharmacy management services and software for stock management for patients and pharmacies
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| domain | founded_year | HQ Location |
Offers medical billing services for pharmacies and manages business policies and relationships.
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| domain | founded_year | HQ Location |
A SaaS-based platform for pharmacy benefit management is provided.
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| domain | founded_year | HQ Location |
Pharmacy management software is developed and integrated for drugstores worldwide.
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| domain | founded_year | HQ Location |
SaaS-based pharmacy management solutions are offered to retailers and distributors.
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| domain | founded_year | HQ Location |
AI-driven pharmacy benefit management software is provided for 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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Frequently Asked Questions about VirMedica
When was VirMedica founded?
VirMedica was founded in 2013.
Where is VirMedica located?
VirMedica is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.
What does VirMedica do?
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.
Who are the top competitors of VirMedica?
VirMedica's top competitors include mPharma, Scripta Insights and KareXpert.
How many acquisitions has VirMedica made?
VirMedica has made 1 acquisition, including TransEngen.
Who are VirMedica's investors?
VirMedica has 1 investor. Key investors include CareMetx.