The deal accelerates Wheel’s progress 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, right now introduced it’s 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 broaden its present digital care platform capabilities and GoodRx will proceed to personal the consumer-facing GoodRx Care web site and cell 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 companies, and speed up progress 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 give attention to driving reasonably priced 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 cell app, and Wheel powers the service with its underlying expertise and clinician community. This deal will give GoodRx the flexibleness it must proceed offering entry to telehealth options for its customers.
“At a time when the healthcare business is at a serious inflection level, this acquisition accelerates our long-term technique to energy virtual-first care throughout the broader healthcare ecosystem,” stated Wheel CEO and co-founder Michelle Davey. “GoodRx is well-known within the business for creating best-in-class digital care instruments. By combining our underlying applied sciences into one complete and versatile platform, Wheel is properly positioned to proceed to function the main resolution for virtual-first care.”
“We consider Wheel is the perfect strategic associate for this acquisition,” stated Doug Hirsch, co-CEO and co-founder of GoodRx. “Wheel has supplied expertise and clinicians for GoodRx Take care of a number of years, giving us excessive confidence of their capability to function and develop the platform. By coming into right into a long-term strategic association, we look ahead to deepening our mutually-beneficial relationship. We’re excited to see how Wheel continues to leverage the wonderful instruments our group developed.”
During the last 4 years, Wheel has constructed a robust enterprise by pairing its underlying expertise with a number one clinician community — delivering care to thousands and thousands of sufferers throughout the nation. That is Wheel’s first acquisition, and the corporate just lately 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 technology of healthcare. Wheel gives corporations and clinicians with the whole lot they should ship care just about. At this time Wheel powers virtual-first look after essentially the most forward-thinking organizations in healthcare. To be taught extra about Wheel, go to wheel.com.
GoodRx is America’s digital useful resource for healthcare. Our expertise delivers sturdy financial savings, trusted info and entry to care to make healthcare reasonably priced and handy for all Individuals. Since 2011, now we have helped customers save over $40 billion from pharmacy retail worth and are probably the most downloaded medical apps over the previous decade.
GoodRx Ahead-Wanting Statements
This press launch comprises 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 truth ought to 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 vital elements which will trigger our precise outcomes, efficiency or achievements to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking statements, together with, however not restricted to, dangers referring to our acquisition technique, the mixing of acquired enterprise and the vital elements mentioned beneath the caption “Threat Components” in GoodRx’s Annual Report on Kind 10-Okay for the 12 months ended December 31, 2021, and our different filings with the SEC. These elements 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 signify 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 vary.