Solidifying its standing as the premier independent provider of health solutions, technology, and pharmacy benefit management, MedImpact expands through strategic acquisition
MedImpact Healthcare Systems, Inc., the largest independent provider of health solutions, technology, and pharmacy benefit management in the nation, has successfully concluded its acquisition of Elixir Solutions. This strategic move is part of MedImpact’s ongoing reinvestment strategy, aimed at expanding the company’s capabilities in clinical services, technology, health risk management, and consumer empowerment.
Fred Howe, Chairman, and Chief Executive Officer of MedImpact, highlighted the market demand for an alternative provider that seamlessly integrates innovative care solutions and connective technology while maintaining clinical capabilities, scale, and reliability. Howe expressed that this acquisition is a crucial step forward in offering connected care solutions to personalize, predict, make portable, and increase affordability in healthcare for clients and their members.
Celebrating its 35th anniversary this year, MedImpact has evolved from its roots as an independent pharmacy benefit management startup. Over the years, the company has consistently invested in innovation and reinvention, creating an ecosystem of total health and technology solutions to meet the evolving needs of clients in the complex healthcare landscape.
MedImpact’s overarching vision is to deliver better care and cost-effectiveness, one member and one client at a time. The company plays a pivotal role in helping commercial and government health plans enhance member health, manage comprehensive healthcare benefits, and reduce drug costs for millions of consumers nationwide.
Fred Howe affirmed MedImpact’s commitment to continued investment and expansion, aiming to offer clients a flexible ecosystem of connected health solutions.
The acquisition was guided by advisory support from BDO USA P.C., DLA Piper, LLP, FTI Consulting, Inc., and UBS Investment Bank.
About MedImpact Healthcare Systems: Headquartered in San Diego, MedImpact Healthcare Systems, Inc. stands as the nation’s largest independent provider of health solutions, technology, and pharmacy benefit management. With 35 years of expertise, MedImpact has been instrumental in helping commercial and government healthcare payers enhance member health, manage benefits, and curtail drug costs.
