M&A Deal Summary

Wheel Acquires GoodRx s Virtual-First Care Platform

On November 11, 2022, Wheel acquired information technology company GoodRx s Virtual-First Care Platform from GoodRx

Acquisition Highlights
  • This is Wheel’s 1st transaction in the Information Technology sector.
  • This is Wheel’s 1st transaction in the United States.
  • This is Wheel’s 1st transaction in California.

M&A Deal Summary

Date 2022-11-11
Target GoodRx s Virtual-First Care Platform
Sector Information Technology
Buyer(s) Wheel
Sellers(s) GoodRx
Deal Type Divestiture

Target

GoodRx s Virtual-First Care Platform

Santa Monica, California, United States
GoodRx's Virtual-First Care Platform provides clinician-centric EMR, powerful clinical management tools, and flexible patient experience software.

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Buyer(S) 1

Buyer

Wheel

Austin, Texas, United States

Category Company
Founded 2018
Sector Information Technology
DESCRIPTION

Wheel is the health tech company powering the next generation of healthcare. The company provides companies and clinicians with everything they need to deliver care virtually. Today it powers virtual-first care for the most forward-thinking organizations in healthcare. Wheel was formed in 2018 and is based in Austin, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1

Seller(S) 1

SELLER

GoodRx

Santa Monica, California, United States

Category Company
Founded 2011
Sector Internet Software and Services
Employees738
Revenue 792M USD (2024)
DESCRIPTION

GoodRx is a source for prescription and healthcare savings. More than 10 million consumers use GoodRx each month to find current prices and discounts on their medications. GoodRx’s real-time market-intelligence platform gathers retail prices and coupons for virtually every pharmacy in America, providing savings of up to 80%. GoodRx was founded in 2011 and is based in Santa Monica, California.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-07 vitaCare

Boca Raton, Florida, United States

vitaCare is a technology and services platform that helps patients navigate key access and adherence barriers for brand medications. vitaCare helps patients understand coverage and identify available savings opportunities, and facilitates communications between providers and payors. vitaCare was founded in 2014 and is based in Boca Raton, Florida.

Buy $157M