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Sunrx Acquires Authorityrx To Deliver Greater 340B Savings Through Advanced Referrals Claims Capture

Sep 23, 2023•about 2 years ago

Acquiring Company

SUNRx

Acquired Company

AuthorityRx

Health CareHealth Care

Description

Today, SUNRx, a leading healthcare technology company and 340B administrator, announced that it has acquired AuthorityRx. The acquisition complements SUNRx’s current 340B offerings with the addition of auditing and enhanced compliance services as well as two cloud-based applications.

Company Information

Company

SUNRx

About

SUNRx is a healthcare technology company that assists healthcare facilities with 340B administration. Our technology helps covered entities optimize their supply chain and pharmacy operations. We provide comprehensive, auditable technology-enabled solutions, including contract pharmacy, referral capture, specialty pharmacy, advanced claims capture, and the market-leading uninsured 340B prescription discount card, with a hands-on approach to program implementation and support of compliant 340B program management. Based in San Diego, SUNRx has been managing 340B programs since 2006 and provides clients industry-leading expertise and hands-on customer support. SUNRx is a subsidiary of MedImpact, the nation’s largest independent pharmacy benefit manager (PBM) and health solutions company. Learn more at SUNRx.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed