The deal accelerates Wheel’s development into new markets and expands its present partnership with GoodRx by multi-year settlement
AUSTIN, Texas, Nov. 11, 2022 /PRNewswire/ — Wheel, the well being expertise firm powering the way forward for care, immediately introduced it is going to purchase GoodRx Care‘s backend digital care expertise, together with its clinician-centric EMR, highly effective scientific administration instruments, and versatile affected person expertise software program. Wheel will combine GoodRx Care’s underlying expertise to develop its present digital care platform capabilities and GoodRx will proceed to personal the consumer-facing GoodRx Care web site and cellular app.
At this time, Wheel powers digital care on behalf of essentially the most modern corporations in healthcare with its nationwide clinician community and white-labeled expertise. Wheel will mix the most effective options of Wheel and GoodRx Care’s expertise in a single platform, thereby empowering its prospects to construct and ship modern care providers, and speed up development into new care fashions and markets — mobilizing the digital transformation of care.
The acquisition furthers the 2 corporations’ long-standing relationship. Since 2020, Wheel has supplied its expertise and trusted nationwide clinician community for the GoodRx Care service. Now, as GoodRx reprioritizes and sharpens its concentrate on driving inexpensive options for customers, the businesses have entered right into a long-term strategic settlement the place GoodRx continues to personal the consumer-facing GoodRx Care web site and cellular app, and Wheel powers the service with its underlying expertise and clinician community. This deal will give GoodRx the pliability it must proceed offering entry to telehealth options for its customers.
“At a time when the healthcare trade is at a serious inflection level, this acquisition accelerates our long-term technique to energy virtual-first care throughout the broader healthcare ecosystem,” mentioned Wheel CEO and co-founder Michelle Davey. “GoodRx is well-known within the trade for creating best-in-class digital care instruments. By combining our underlying applied sciences into one complete and versatile platform, Wheel is nicely positioned to proceed to function the main answer for virtual-first care.”
“We imagine Wheel is the perfect strategic accomplice for this acquisition,” mentioned Doug Hirsch, co-CEO and co-founder of GoodRx. “Wheel has supplied expertise and clinicians for GoodRx Look after a number of years, giving us excessive confidence of their skill to function and develop the platform. By getting into right into a long-term strategic association, we stay up for deepening our mutually-beneficial relationship. We’re excited to see how Wheel continues to leverage the superb instruments our crew developed.”
Over the past 4 years, Wheel has constructed a powerful enterprise by pairing its underlying expertise with a number one clinician community — delivering care to hundreds of thousands of sufferers throughout the nation. That is Wheel’s first acquisition, and the corporate not too long ago introduced a number of new senior management hires, together with its CTO and SVP of Product.
Wheel is the well being tech firm powering the following era of healthcare. Wheel supplies corporations and clinicians with every little thing they should ship care just about. At this time Wheel powers virtual-first take care of essentially the most forward-thinking organizations in healthcare. To study extra about Wheel, go to wheel.com.
GoodRx is America’s digital useful resource for healthcare. Our expertise delivers robust financial savings, trusted info and entry to care to make healthcare inexpensive and handy for all People. Since 2011, now we have helped customers save over $40 billion from pharmacy retail worth and are one of the vital downloaded medical apps over the previous decade.
GoodRx Ahead-Wanting Statements
This press launch incorporates forward-looking statements inside the which means of the Personal Securities Litigation Reform Act of 1995. All statements contained on this press launch that don’t relate to issues of historic reality must be thought of forward-looking statements, together with with out limitation statements relating to the advantages of the acquisition by Wheel, or any preparations or agreements between GoodRx and Wheel. These statements are neither guarantees nor ensures, however contain identified and unknown dangers, uncertainties and different essential components that will trigger our precise outcomes, efficiency or achievements to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking statements, together with, however not restricted to, dangers regarding our acquisition technique, the combination of acquired enterprise and the essential components mentioned below the caption “Danger Elements” in GoodRx’s Annual Report on Kind 10-Okay for the yr ended December 31, 2021, and our different filings with the SEC. These components might trigger precise outcomes to vary materially from these indicated by the forward-looking statements made on this press launch. Any such forward-looking statements characterize administration’s estimates as of the date of this press launch. Whereas we might elect to replace such forward-looking statements in some unspecified time in the future sooner or later, we disclaim any obligation to take action, even when subsequent occasions trigger our views to alter.