For retailers, like Amazon and Walmart, it’s a way to broaden their footprint in the $300 billion pharmacy market. One reason for this is to tap into the base of customers that use these services, many of whom are juggling multiple medications. Amazon acquired PillPack, a competitor to DivvyDose in 2018, and Walmart recently scooped up medication management technology from CareZone. Many of the largest retailers and health plans are snapping up start-ups in the online pharmacy space.
DIVVY CRUNCHBASE SERIAL
Its CEO, Arvind Movva, is a doctor and serial entrepreneur, who describes his goal on LinkedIn as helping “improve health care outcomes and value.” The context The Illinois-based company doesn’t charge any additional money outside of the patients’ co-pay, and it accepts all the major insurance plans.Īccording to CrunchBase, DivvyDose hasn’t raised any institutional investment from venture capital funds or private equity. These packets are then sent to patients along with a full medication list. The companyįounded in 2015, DivvyDose users can either sign up for the service online and by phone, then get their medication sorted into packets with clearly-labeled dates and times. Talks between the two companies were previously reported by Bloomberg. UnitedHealth Group, which happens to be the United States’ largest health insurer, has acquired DivvyDose, a start-up that helps patients with chronic illness get their medicines delivered in pre-sorted packages.Īccording to a CNBC report, the deal price was just over $300 million, though a spokesperson for UnitedHealth declined to comment. Today Divvy, a Utah-based startup that focuses on corporate spend management, announced that it has closed a 165 million round at a 1.6 billion valuation. This funding marks the third venture round within a year for the fast-growing startup, following a 10.5 million Series A last May and a 35 million Series B in July 2018, per CrunchBase.
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