Advent International and Great Hill Partners Recapitalize RxBenefits
January 19, 2021
Advent International has completed a recapitalization of RxBenefits alongside existing investor Great Hill Partners, valuing the technology-enabled pharmacy benefits optimizer at approximately $1.1 billion. Advent and Great Hill now each hold equal stakes alongside a significant management investment; the financing will fund expansion of the salesforce, broker channels and technology and support continued organic growth and M&A.
- Buyers
- Advent International, Great Hill Partners
- Targets
- RxBenefits
- Industry
- Healthcare Services
- Location
- Alabama, United States
- Transaction Type
- Recapitalization
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