M&A Deal Summary

OptumRx Acquires PharmScript

On January 1, 2024, OptumRx acquired healthcare services company PharmScript from Summit Partners

Acquisition Highlights
  • This is OptumRx’s 4th transaction in the Healthcare Services sector.
  • This is OptumRx’s 4th transaction in the United States.
  • This is OptumRx’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2024-01-01
Target PharmScript
Sector Healthcare Services
Buyer(s) OptumRx
Sellers(s) Summit Partners
Deal Type Add-on Acquisition

Target

PharmScript

Somerset, New Jersey, United States
PharmScript provides long-term and post-acute care facilities with a seamless pharmacy experience. The company provides rigorous quality assurance, innovative technology, and high-quality service to help healthcare facilities administer medications safely and manage their patients for optimal clinical outcomes while maintaining costs. PharmScript serves healthcare providers in the Midwest, Mid-Atlantic, Northeast, Florida, and Texas. PharmScript was founded in 2009 and is based in Somerset, New Jersey.

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Buyer(S) 1

Buyer

OptumRx

Irvine, California, United States

Category Company
Founded 1989
Sector Healthcare Services
DESCRIPTION

OptumRx specializes in the delivery, clinical management and affordability of prescription medications and consumer health products.


DEAL STATS #
Overall 4 of 4
Sector: Healthcare Services M&A 4 of 4
Type: Add-on Acquisition M&A Deals 4 of 4
State: New Jersey M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-14 Helios

Tampa, Florida, United States

Helios provides management of pharmacy benefits, durable medical equipment, home health care, and other ancillary services for workers’ compensation and auto no-fault insurance companies.

Buy -

Seller(S) 1

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 280 of 294
Sector: Healthcare Services M&A 33 of 34
Type: Add-on Acquisition M&A Deals 126 of 131
State: New Jersey M&A 10 of 10
Country: United States M&A 243 of 254
Year: 2024 M&A 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-20 Klaviyo

Boston, Massachusetts, United States

Klaviyo is a SaaS-based data and marketing platform that accelerates growth for companies by enabling them to leverage their owned marketing channels. Serving more than 265,000 companies worldwide, Klaviyo makes it easy to access, store, analyze, and use transactional and behavioral data to power highly targeted email and advertising campaigns. Klaviyo was founded in 2012 and is based in Boston, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-16 DocuSketch

Lakeland, Florida, United States

DocuSketch provides a comprehensive, all-in-one solution purpose-built for the property restoration industry, featuring 360° documentation, automated scoping, sketching solutions, and estimating services. DocuSketch was formed in 2018 and is based in Lakeland, Florida.

Buy -