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Wheel Acquires Goodrx Care Backend Technology To Strengthen Its Virtual-First Care Platform

PRIVATENov 11, 2022

Acquiring Company

Wheel

Acquired Company

Validic

DurhamOtherCommerce And ShoppingConsumer GoodsHealth CareHealth CareMedicalMhealth

Description

Wheel, the health technology company powering the future of care, today announced it will acquire GoodRx Care's backend virtual care technology, including its clinician-centric EMR, powerful clinical management tools, and flexible patient experience software. Wheel will integrate GoodRx Care's underlying technology to expand its existing virtual care platform capabilities and GoodRx will continue to own the consumer-facing GoodRx Care website and mobile app.

Quick answer

Wheel is acquiring Validic, announced November 11, 2022.

How much did Wheel pay for Validic?
The deal value was not disclosed.
What does Wheel do?
The company last raised a $50 million Series B in May 2021, bringing its total known funding to date to $216 million.
Where are Wheel and Validic based?
Validic is based in Durham, North Carolina, United States.

Source: Fundz verified event record.

Other recent acquisitions in Commerce And Shopping and Consumer Goods

Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.

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Company Information

Company

Wheel

About

The company last raised a $50 million Series B in May 2021, bringing its total known funding to date to $216 million. The startup wants to now be able to help patients start at a telehealth visit, but then get directed to labs, diagnostics or even an in-person visit. Wheel isn’t the only startup with a pitch to help point-care solutions broaden their services to reach wider consumer patient population.

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Frequently asked

Who acquired Validic?

Validic was acquired by Wheel. The deal was reported on November 11, 2022. The company last raised a $50 million Series B in May 2021, bringing its total known funding to date to $216 million. Wheel is privately held and operates in Other.

When did Wheel acquire Validic?

Wheel's acquisition of Validic was reported on November 11, 2022. Wheel, the health technology company powering the future of care, today announced it will acquire GoodRx Care's backend virtual care technology, including its clinician-centric EMR, powerful clinical management tools, and flexible patient experience software. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Validic do?

Validic is the company acquired in this transaction. It is privately held, operating in Health Care, and is based in Durham.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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