Capital Rx, a clear pharmacy profit supervisor, has secured a $400 million funding and is rebranding beneath the title Judi Well being because it expands past pharmacy advantages, the corporate introduced on Tuesday.
The $400 million funding consists of $252 million in Sequence F funding led by Wellington Administration and Basic Catalyst, with participation from Era Funding Administration, Progress Fairness at Goldman Sachs Alternate options, 9Yards Capital, B Capital, Edison Companions, Prime Well being Investments and Transformation Capital. It additionally consists of further investments within the firm’s securities, which means buyers are shopping for shares from present stakeholders.
In complete, the corporate has raised $607 million in funding. Its valuation is at $3.25 billion.
The financing is getting used to assist the deployment of Judi Well being’s Enterprise Well being Platform, which incorporates:
- Capital Rx: a clear PBM for self-insured employers
- Judi Well being: a well being profit administration answer for employers, TPAs and well being plans. It gives care navigation assist for pharmacy, medical, imaginative and prescient and dental advantages
- Judi: a software-as-a-service answer to assist well being plans handle their declare workflows
CEO AJ Loiacono informed MedCity Information that the corporate can also be investing in analysis and improvement. As well as, it would seek for funding alternatives in “firms which have complementary know-how, however nothing in our core structure or providers,” he stated.
When requested about Judi Well being’s exit technique, Loiacono stated the corporate isn’t at present disclosing exit plans.
Judi Well being is “scaling on the proper time,” in accordance with Wellington Capital.
“As PBM reform positive aspects momentum, employers are demanding transparency and management — and Capital Rx’s impartial, tech-driven platform is constructed to ship each. Their enlargement into broader profit administration addresses market wants and helps unlock the ability of AI in methods legacy programs merely can’t,” stated Joshua Sommerfeld, healthcare sector lead at Wellington Administration, in an announcement.
The corporate’s announcement comes as employers count on the price of healthcare within the U.S. to extend by about 9% in 2026, in accordance with the Enterprise Group on Well being. Pharmacy bills are a serious driver of this enhance, and plenty of are turning to clear PBMs like Capital Rx and Navitus to fight this challenge.
Judi Well being already serves greater than 4 million employer PBM members and 54 million well being plan lives. It goals to proceed this momentum, in accordance with Loiacono.
“Our rebrand to Judi Well being displays the corporate’s broader mission of giving our nation the infrastructure it wants for the healthcare we deserve,” he stated. “For employers, well being plans, and in the end sufferers, this implies constructing a platform that not solely meets their wants as we speak however one which adapts and grows with them into the long run.”
Photograph: BrianAJackson, Getty Photos
