![]() ![]() Together we achieve that vision faster and are better able to serve business owners and finance leaders.” “We have a shared vision to be the one-stop shop for credit and financial software. “We are excited to join and offer our customers and millions of businesses a comprehensive payments solution that saves them time and money,” said Blake Murray, Divvy CEO and Co-Founder. Read More: Award Winning Payment Provider of the Year Launches IDO With the elegant spend management solution that the Divvy team brings, their dedication to serving SMBs, and their passion for driving innovation, together we can accelerate our vision to help SMBs transform, grow, and thrive by automating their financial operations.” ![]() ![]() “Together, we can help SMBs manage all their B2B spend and workflow with one simple solution, saving them valuable time and money and providing real-time insight into their spend and cash flow. “We are thrilled to welcome the Divvy team to ,” said René Lacerte, CEO and Founder. The result? It saves room in my head and leaves more time for compliance, timelines, and production schedules.” “A key benefit of both products is our ability to have a controlled budget in one place. Capsule raised $200 million in new funding in September of 2019 – only a year after its $50 million Series B round.Extends platform with leading spend management capabilitiesĬreates a one-stop shop solution for SMBs to automate their financial operations and manage all their B2B spendīill.com, a leading provider of cloud-based software that simplifies, digitizes, and automates complex back-office financial operations for small and midsize businesses (SMBs), announced today it has completed its acquisition of Divvy, a leader in spend management, for approximately $2.5 billion in stock and cash. Early this year, Alto, a digital pharmacy and drug delivery company, raised $250 million in a Series D funding round led by SoftBank’s Vision 2 fund, which brought its total funding to $350 million. Several digital pharmacies have received funding over the past 12 months. Health plans like UnitedHealth could benefit by providing additional benefits to a segment of users that rely on getting their medicines delivered in neat, easy-to-use packets, CNBC wrote.įounded in 2015, DivvyDose hasn’t raised any institutional investment from venture capital or private equity, according to Crunchbase. For retailers, like Amazon and Walmart, it’s a way to broaden their footprint in the $300 billion pharmacy market. One reason for the buy-ups is to tap into the base of customers that use these services, many of whom are juggling multiple medications. More recently, Walmart scooped up medication management technology from CareZone for an undisclosed amount. DivvyDose’s business model is similar to PillPack, which Amazon acquired for $753 million in 2018. This latest announcement marks another major deal in the digital pharmacy space. Last year, UnitedHealthGroup acquired Vivify Health (a remote patient monitoring platform for an undisclosed amount), and PatientsLikeMe, which develops personalized health network for patients.Īccording to DivvyDose, it accepts all major insurance plans and copays stay around the same as a typical 30-day fill price. This startup delivers customers their medications in individual packages with the dosage information listed on each packet, and according to CNBC, the deal price was over $300 million. UnitedHealth Group, the largest health insurer in the United States, has acquired digital pharmacy startup DivvyDose. ![]()
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