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    Home»Startup»Virtual Care Startup Wheel Acquires GoodRx Technology for $20M
    Startup

    Virtual Care Startup Wheel Acquires GoodRx Technology for $20M

    admin1By admin1November 10, 20222 Mins Read
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    GoodRx filed documents with the SEC on Thursday to acquire the backbone of GoodRx Care’s virtual care technology for $19.5 million in cash, Wheel CEO Michelle Davey confirmed to Axios.

    Important reasons: It may sound understated, but as virtual first care companies proliferate and scale, digital health infrastructure is quickly emerging as one of the hottest spots in the space.

    Transaction Details: Under the terms of the license agreement, Wheel will have access to GoodRx tools for clinical management, patient engagement, and medical records.

    • GoodRx will continue to own the consumer-facing GoodRx Care website and mobile app, according to the filing.
    • GoodRx will continue to use this technology to provide telemedicine to its users using Wheel’s technology and staffing services.
    • We plan to close the sale by the end of the month.

    environment: The deal comes at a time when health techs are enjoying their Shopify moment amid a wave of startups vying to provide the tech backbone for healthcare companies. for example:

    Catch up soon: Since 2020, Wheel has partnered with GoodRx to provide the company with a nationwide network of clinicians.

    • Davey told Axios that clinicians’ positive experiences with GoodRx’s electronic medical record (EMR) tool were a big influence on the decision.
    • “We have seen many EMRs, but the one that GoodRx built is by far the best,” says Davey.

    What they say: The deal comes at a time when medical technology is facing a “major inflection point,” according to Davey, to expand Wheel’s reach across the healthcare ecosystem, including emergency care centers and traditional healthcare providers. It will be expandable.

    • Davey says:



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