RxBenefits: Difference between revisions
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'''RxBenefits''', formerly '''Prescription Benefits, Inc.''' is a privately-held company which helps employers negotiate and manage pharmacy benefits for workers. The company was founded in [[1995]] and is headquartered at [[3700 Colonnade Parkway|3700]] [[Colonnade Parkway]]. The company was founded by [[Bill Gunnells | '''RxBenefits''', formerly '''Prescription Benefits, Inc.''' is a privately-held company which helps employers negotiate and manage pharmacy benefits for workers. The company was founded in [[1995]] and is headquartered at [[3700 Colonnade Parkway|3700]] [[Colonnade Parkway]]. The company was founded by [[Bill Gunnells]]. | ||
Some time after [[2014]] the company relocated to its present offices from the [[Blue Lake Center]]. | Some time after [[2014]] the company relocated to its present offices from the [[Blue Lake Center]]. | ||
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RxBenefits has received major capital investments from Great Hill Partners and Advent International of Boston, Massachusetts. The company's 2021 recapitalization pegged its value at $1.1 billion. In August [[2021]] RxBenefits acquired Confido of Towson, Maryland. | RxBenefits has received major capital investments from Great Hill Partners and Advent International of Boston, Massachusetts. The company's 2021 recapitalization pegged its value at $1.1 billion. In August [[2021]] RxBenefits acquired Confido of Towson, Maryland. | ||
==Chief executives== | |||
* [[Bryan Statham]], 2016–2022 | |||
* [[Wendy Barnes]], 2022– | |||
==References== | ==References== | ||
* Patchen, Tyler (February 5, 2021) "Where RxBenefits goes after $1.1B valuation." {{BBJ}} | * Patchen, Tyler (February 5, 2021) "Where RxBenefits goes after $1.1B valuation." {{BBJ}} | ||
* Patchen, Tyler (August 6, 2021) "RxBenefits completes acquisition of Maryland-based company." {{BBJ}} | * Patchen, Tyler (August 6, 2021) "RxBenefits completes acquisition of Maryland-based company." {{BBJ}} | ||
* Clark, Cara (May 18, 2022) "RxBenefits names new chief executive officer." {{BBJ}} | |||
==External links== | ==External links== | ||
Latest revision as of 17:50, 20 May 2022
RxBenefits, formerly Prescription Benefits, Inc. is a privately-held company which helps employers negotiate and manage pharmacy benefits for workers. The company was founded in 1995 and is headquartered at 3700 Colonnade Parkway. The company was founded by Bill Gunnells.
Some time after 2014 the company relocated to its present offices from the Blue Lake Center.
In 2019 RxBenefits reported $2 billion in managed drug spending, and was employing more than 350 people. By the end of 2020 it had more than 500 employees.
RxBenefits has received major capital investments from Great Hill Partners and Advent International of Boston, Massachusetts. The company's 2021 recapitalization pegged its value at $1.1 billion. In August 2021 RxBenefits acquired Confido of Towson, Maryland.
Chief executives
- Bryan Statham, 2016–2022
- Wendy Barnes, 2022–
References
- Patchen, Tyler (February 5, 2021) "Where RxBenefits goes after $1.1B valuation." Birmingham Business Journal
- Patchen, Tyler (August 6, 2021) "RxBenefits completes acquisition of Maryland-based company." Birmingham Business Journal
- Clark, Cara (May 18, 2022) "RxBenefits names new chief executive officer." Birmingham Business Journal
External links
- RxBenefits website