M&A Deal Summary

RxBenefits Acquires Confidio

On August 4, 2021, RxBenefits acquired business services company Confidio

Acquisition Highlights
  • This is RxBenefits’ 1st transaction in the Business Services sector.
  • This is RxBenefits’ 1st transaction in the United States.
  • This is RxBenefits’ 1st transaction in Maryland.

M&A Deal Summary

Date 2021-08-04
Target Confidio
Sector Business Services
Buyer(s) RxBenefits
Deal Type Add-on Acquisition

Target

Confidio

Towson, Maryland, United States
Confidio is a pharmacy benefits consulting firm that optimizes the value of client’s pharmacy benefits through transparency, accountability, and advanced data analytics paired with deep insider expertise. Confidio helps clients minimize drug spend while maximizing patient outcomes and satisfaction. Confidio is based in Towson, Maryland.

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Buyer(S) 1

Buyer

RxBenefits

Birmingham, Alabama, United States

Category Company
Founded 1995
Sector Information Technology
DESCRIPTION

RxBenefits is a technology-enabled pharmacy benefits optimizer (PBO) with more than 500 pharmacy pricing, data, and clinical experts working together to deliver prescription benefit savings to employee benefit consultants and their self-insured clients. RxBenefits was founded in 1995 and is based in Birmingham, Alabama.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Maryland M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1