scorecard10 pharmacy startups that could be M&A targets after Amazon's acquisition of PillPack
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10 pharmacy startups that could be M&A targets after Amazon's acquisition of PillPack

Capsule

10 pharmacy startups that could be M&A targets after Amazon's acquisition of PillPack

GoodRx

GoodRx

GoodRx is a startup that lists drug prices and sells prescription drugs at discounted rates. It was founded in 2011 by Doug Hirsch, Scott Marlette and Trevor Bezdek. Users can also compare the prices of drugs across different pharmacies close to them.

The company generates revenue through its relationship with pharmacies and pharmacy benefit management when customers use their coupons. It is reportedly on course to generate earnings of $100 million this year.

GoodRx is rumored to be speaking with companies, including health distribution giant McKesson, about being acquired for at least $1.5 billion.

Bernstein analysts say that its price transparency and consumer engagement tools are its key features.

MedAvail

MedAvail

MedAvail, based in Canada, stations physical kiosks called MedCenter at different locations. Each kiosk is connected with a home pharmacy and can stock up to 500 over-the-counter drugs.

MedAvail also analyzes prescribing patterns to determine best stocking strategy and offer tele-consultation with pharmacists.

In June, it announced a collaboration with Express Scripts to bring the convenience of an ATM to pharmacy. Its pilot program will station machines in Phoenix and Tuscon, Arizona, with plans to expand to more states by the end of 2018.

Bernstein analysts think its potential to be deployed in physician practices and medical buildings is its key feature.

NimbleRx

NimbleRx

NimbleRx is an online pharmacy similar to Capsule. It works like a "GrubHub for prescriptions."

It was founded in 2014 by Talha Sattar and has raised $60 million in total funding.

Alto Pharmacy

Alto Pharmacy

Alto Pharmacy is a prescription delivery service based in San Francisco. Founded in 2015, it has $23 million in total funding.

Alto delivers free to the patient's home and office, and it bought smart-pill startup company, Round Health, last year.

GoGoMeds.com

GoGoMeds.com

GoGoMeds.com is similar to GoodRx in that it provides price check and comparison for medications across different online and physical pharmacies. It then ships medication to the patient's doorstep. It is based in the Greater Cincinnati, Ohio area.

Blink Health

Blink Health

Blink Health, based in New York, provides prescription drug discounts to patients through a free app. It has raised $165 million to date.

Blink Health had a fallout with pharmacy benefit manager MedImpact and major pharmacies have left the Blink network. It has now set up a partnership with Blue Eagle as its new middleman.

NowRx

NowRx

NowRx delivers medication to the patient's doorstep across California's Bay Area. It has also integrated its service with Amazon's Alexa and Google Home. It's currently still in the seed funding stage.

ZappRx

ZappRx

ZappRx is a digital health company focused on specialty medicine delivery and prescription. It makes the process simpler by removing paperwork. It is based in Boston and has $41 million in total funding.

DeliverCareRx

DeliverCareRx

DeliverCareRx caters to chronically ill patients and those who receive government assistance such as Medicare and Medicaid members. They dispense and delivery drugs and provide payment management service. It is based in the Greater Chicago area and has raised $10.7 million in funding.

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