MedImpact Completes Integration of Elixir Solutions
July 17 2024 - 5:33PM
Business Wire
The largest independent pharmacy benefit and
health solutions company has the scale, technology, solutions, and
clinical strength to offer payers a true alternative in the
market
MedImpact Healthcare Systems, Inc., the nation’s largest
independent provider of health solutions, technology, and pharmacy
benefit management services, announced today that it has
successfully completed the integration of Elixir Solutions. In
addition to increasing MedImpact’s scale and portfolio of
solutions, the acquisition was critical to safeguarding more than
1,000 jobs previously at risk due to Rite Aid's bankruptcy and
ensuring the continuity in prescription services for millions of
Elixir members.
“We are now one company, and we are 100% focused on delivering
bold clinical and technology solutions and lower drug costs,” said
Zach Johnson, MedImpact Chief Innovation Officer. “We are in the
best position ever to offer healthcare payers what they are
searching for–a better alternative than what exists in the
marketplace today.”
Today, MedImpact serves more than 20 million members, processes
more than $40 billion in pharmacy transactions, and invests
hundreds of millions of dollars annually in people, innovation, and
growth. MedImpact’s acquisition of Elixir was one of several over
the past 18 months, expanding the company’s technology and tools to
rein in specialty spend and improve member health.
Amidst all of the investment, growth, and change at MedImpact,
key aspects of the company will remain the same. For example,
unlike the vertically integrated companies that require clients to
use their retail and mail-order fulfillment, MedImpact will remain
pharmacy neutral, offering clients flexibility and choice. Further,
MedImpact will remain an independent company, working to deliver
lower costs to healthcare payers and consumers–not higher profits
for Wall Street.
“Given our strategic investments, financial strength, and
innovation roadmap, our entire company is excited about the future
and what we will deliver for clients and consumers,” said
Johnson.
For more information on how MedImpact continues to innovate in
healthcare management, visit us online, follow us on LinkedIn, or
contact us at info@MedImpact.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240717010388/en/
Gabrielle Nadel (gnadel@jwilsonadvisors.com)