Remedy Analytics has been sold to Brown & Brown Insurance
Client: Remedy Analytics, Inc.
Client Location: United States
Target: Remedy Analytics, Inc.
Target Location: United States
Acquirer: Brown & Brown, Inc.
Acquirer Location: United States
Target Description: Remedy is a data-based medication analytics software.
The Deal
Current Chief Operating Officer and new business leader of Remedy under Brown & Brown, Jennifer Hill, noted, “I am looking forward to leading the company in its mission to make prescription benefits more affordable and accessible for self-insured payors and patients. Brown & Brown’s resources will provide Remedy significant opportunities to accelerate growth.”
Our Perspective
“The market for pharmacy benefits is ripe for disruption through the use of technology,” added Derek Ritchea, Managing Director at Lincoln International. “As the leading provider of technology-enabled pharmacy benefits solutions for employers, Remedy Analytics will enhance Brown & Brown’s position in the employer market and their partnership will enable even more clients to drive meaningful Rx savings. We are very excited for Scott, Jennifer and the entire Remedy team as they join Brown & Brown on the next step in their journey.”
“We are incredibly proud to have advised another bootstrapped, founder-led client to a successful outcome”, added Clark Spurrier, Managing Director at Lincoln. “We are very eager to follow Remedy’s process as it embarks on its new partnership with such an amazing organization like Brown & Brown.”
Having built Remedy from the ground up without institutional funding, it was essential to find the right partner for the business. The team at Lincoln’s hands-on approach, deep knowledge of the market and steadfast commitment throughout the process was instrumental to our success in finding the best home for Remedy and our entire team.
Meet our Senior Team
View More Transactions in Technology, Media & Telecom and Healthcare
Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.