Homepage / Technology / GoodRx, a service for finding bargains on prescription drugs, is in sale talks for up to $3 billion
Due Diligence Blog Digital Data Rooms for the Netherlands Board Room Apps Secure Board Management With Secure Board Portals What Happens at Board of Directors Meetings? Board Room Software Review How to Prepare Board Rooms for Effective Board Meetings Board Room Software Boosts Performance and Communication Selecting a Secure Data Room Review Local Data Room Service Review How to Find the Best Virtual Data Room Review What to Look for in a Data Room uk Provider Document Storage and Distribution Software Everything About VDRs Corporate Software Advantages How to Choose a Virtual Data Room Provider The Most Secure Way to Transfer Files How to Manage Online Board Meetings Benefits Virtual Data Room Solutions – Must-Haves for M&A and Due Diligence Best Data Room Functions for the Different Types of Industries How to Choose a VDR Software Provider How to Choose an Online Board Portal The Benefits of a Boardroom Review Board Room Online Solutions – How to Get the Most Out of Your Board Meetings Why You Need a Board Room How a Board Room Blog Can Transform Your Business Choosing the Best Board Room Format How to Have Productive and Engaging Board Directors Meetings Choosing the Right Virtual Data Room How to Keep Safe Documents Storage Teaching Kids About Online Safety Avoid Costly Mistakes With Free Data Room Services Corporate Virtual Data Secure Online Data Rooms Solutions How to Keep Share, Edit and Delete Your Data Safe Virtual Data Room Software Secrets for M&A Due Diligence What to Look For in Boardroom Providers Board of Directors Blog Posts How to Deliver Value at Your Board Meetings How to Have Effective Board Meetings Responsibilities of Board Members Deal Management – How to Effectively Manage a Complex Sales Pipeline Data Rooms For Mergers And Acquisitions How to Have a Successful Board Room Meeting Choosing a Board Room Service Provider What is a Board Room Service? Board Room Software Review – Choosing the Best Portal for Mother Board Meetings Why a Board Room Providers Review Is Important What Is a Board Room Review? Venture Software for VC Firms What Is an Assessment Report? The Importance of a Tech Audit Popular Business Applications What to Look For in a Data Room App What Are Business Applications? How to Choose a Virtual Data Room How to Plan a Data Room Review Coronavirus Guide What is a Virtual Data Room? What Is Data Science? What Is an Operating System? Turbotax Small Business Review How Online VDRs Are Used in M&A Deals Why Choose VDR Software? The Power of Business Software The Benefits of a Software Board Online Data Room Review The Importance of Tech Knowledge Improving Accuracy of Financial Data Online Business Records – How to Keep Your Online Business Records Accurate and Secure What is a Board Portal De? DealRoom Review – A Review of VDR Software M&A Due Diligence for Private Companies The Virtual Data Room Review Why Companies Use a Data Room Review to Facilitate M&A Transactions The Best File Sharing Services How Online VDRs Are Used in M&A Deals Best Virtual Data Room How to Choose a Best Board Room Provider Choosing a Data Room for Due Diligence What Is a Data Room Business Software? Best Data Room Providers Review Data Room Providers Review Mostbet Tr Resmî Web Sitesinde Giriş Ve Kayıt Olm Kumar Oynamak Için En Iyi Yerdir The Benefits of Cloud Data Services for Enterprises Online Data Room and SSL How to Build a Diverse Board of Directors Best Virtual Data Review A Data Room Service Review How Runn Makes Project Data Accessible, Accurate and Shareable Five Pillars of Information Protection The Importance of Online Business Reports Benefits of Colocation Services Virtual Data Rooms Guide Choosing a Business Virtual Data Room Choosing the Right VDR Service Review How to Conduct a Virtual Data Room Review Glory Online Casino Türkiye En Iyi Oyunları Ve Bahisleri Olan Kumarhane Mostbet Casino On-line Em Pt 2024 ️ Bónus As Well As Revisão

Technology

GoodRx, a service for finding bargains on prescription drugs, is in sale talks for up to $3 billion

Health-tech start-up GoodRx is in talks to be acquired for at least $1.5 billion, but could fetch as high as $3 billion, according several people familiar.

Health distribution giant McKesson was among the companies taking a look, one person said, but will probably not be the buyer. The identity of the other potential buyers could not be learned. No transaction is imminent and the talks may not result in a deal.

GoodRx offers people without health insurance, or with high-deductible plans, a way to shop for drugs at lower prices. The company makes its money when consumers use its drug discount cards at pharmacies. It does that through its relationships with the top pharmacy chains and pharmacy benefits managers.

GoodRx and McKesson did not immediately return requests for comment.

GoodRx isn’t the typical highly funded Silicon Valley start-up. It has only raised a small seed round of $1.5 million in venture capital from technology investors, including Founders Fund.

But in the fall of 2015, private equity firms Francisco and Spectrum made a growth investment in the company for undisclosed terms. Sources tell CNBC the company’s valuation at that time was more than $300 million.

The company is attracting a lot of attention from buyers due to its impressive growth in recent years.

It is on track to generate $100 million in earnings this year before certain expenses (EBITDA), one of the people said, making it one of the most successful companies in the burgeoning health-tech market.

The founders of the company — Doug Hirsch, Scott Marlette and Trevor Bezdek — hail from technology companies like Facebook and Yahoo. They started the company with a mission to help people find the best deal on their medicines, knowing that prices can vary widely depending on the pharmacy.

Industry experts say that GoodRx is a quiet success that demonstrates how a real business can be built that is targeted to low income Americans, and not just the rich.

“They serve consumers who are under-insured or un-insured and with increasing costs, do a great service towards filling the gap,” said Tahla Sattar, founder and CEO of Nimble Pharmacy, who has closely watched the company’s rise.

“GoodRx is a great example of how to do well by doing good,” he said.

Source: Tech CNBC
GoodRx, a service for finding bargains on prescription drugs, is in sale talks for up to billion

Comments are closed.