AdvancePCS Overview
- Year Founded
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1986
- Status
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Acquired/Merged
- Employees
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6,500
- Latest Deal Type
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M&A
- Latest Deal Amount
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$6.5B
AdvancePCS General Information
Description
Provider of pharmacy benefits services. The company administers prescription drug benefits to its members and beneficiaries of the plans. It also offers tools to its customers to assist in managing their prescription drug expenditures, including on-line claims adjudication, discounted retail networks, discounted mail pharmacy services, formulary development, rebate negotiation and management. In addition, it also offers specialty pharmacy services and disease management and prescription discount cards for the uninsured and under-insured.
Contact Information
Website
www.AdvancePCSrx.comCorporate Office
- 750 West John Carpenter Freeway
- Irving, TX 75039
- United States
Corporate Office
- 750 West John Carpenter Freeway
- Irving, TX 75039
- United States
AdvancePCS Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 5. Merger/Acquisition | 24-Mar-2004 | $6.5B | Completed | Generating Revenue | ||
| 4. Debt - Acquisition | 02-Oct-2000 | Completed | Generating Revenue | |||
| 3. Debt - Acquisition | 02-Oct-2000 | Completed | Generating Revenue | |||
| 2. PIPE | 01-Oct-2000 | $150M | $168M | Completed | Generating Revenue | |
| 1. IPO | 08-Oct-1996 | $18M | $18M | Completed | Generating Revenue |
AdvancePCS Related Research & Analysis
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AdvancePCS Former Investors (2)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Canaan Partners | Venture Capital | Minority | ||
| JLL Partners | PE/Buyout | Minority |
AdvancePCS Acquisitions (3)
AdvancePCS’s most recent deal was a Merger/Acquisition with Accordant Health Systems. The deal was made on 04-Nov-2002.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Accordant Health Systems | 04-Nov-2002 | Merger/Acquisition | Managed Care | ||
| TheraCom | 01-Aug-2001 | Merger/Acquisition | Other Healthcare Services | ||
| PCS Health Systems | 03-Oct-2000 | Merger/Acquisition | Managed Care |
AdvancePCS FAQs
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When was AdvancePCS founded?
AdvancePCS was founded in 1986.
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Where is AdvancePCS headquartered?
AdvancePCS is headquartered in Irving, TX.
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What is the size of AdvancePCS?
AdvancePCS has 6,500 total employees.
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What industry is AdvancePCS in?
AdvancePCS’s primary industry is Life and Health Insurance.
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Is AdvancePCS a private or public company?
AdvancePCS is a Private company.
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What is the current valuation of AdvancePCS?
The current valuation of AdvancePCS is .
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What is AdvancePCS’s current revenue?
The current revenue for AdvancePCS is .
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How much funding has AdvancePCS raised over time?
AdvancePCS has raised $993M.
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Who are AdvancePCS’s investors?
Canaan Partners and JLL Partners have invested in AdvancePCS.
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When was AdvancePCS acquired?
AdvancePCS was acquired on 24-Mar-2004.
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Who acquired AdvancePCS?
AdvancePCS was acquired by CVS Caremark.
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