Search company, investor...
Axium Healthcare Pharmacy company logo

Axium Healthcare Pharmacy

axiumhealthcare.com

Stage

Merger | Merged

Total Raised

$6.1M

About Axium Healthcare Pharmacy

Specialty pharmacy Axium Healthcare Pharmacy aims to provide patient-specific drug compounding for bioidentical hormone replacement therapy, dermatology, neurology, orthopedic conditions, podiatry and more.

Headquarters Location

550 Technology Park

Lake Mary, Florida, 32746,

United States

888-315-3395

Missing: Axium Healthcare Pharmacy's Product Demo & Case Studies

Promote your product offering to tech buyers.

Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.

Missing: Axium Healthcare Pharmacy's Product & Differentiators

Don’t let your products get skipped. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).

Expert Collections containing Axium Healthcare Pharmacy

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Axium Healthcare Pharmacy is included in 2 Expert Collections, including Pharma Supply Chain.

P

Pharma Supply Chain

1,359 items

B

Biopharma Tech

401 items

Latest Axium Healthcare Pharmacy News

Kroger Announces Merger with Axium

Feb 13, 2019

Independent Provider of Specialty Pharmacy Services Charlotte, N.C. – November 15, 2012 – Carousel Capital announced today that The Kroger Co. (NYSE:KR) will acquire its portfolio company, Axium Healthcare Pharmacy Inc. The transaction is contingent on typical conditions of closing, including any required approval of regulatory authorities. The Kroger Co. issued the following press release concerning the sale:   CINCINNATI and LAKE MARY, Fla., Nov. 15, 2012 – The Kroger Co. (NYSE: KR) today announced it will acquire the outstanding shares of Axium Pharmacy Holdings, Inc., a leading specialty pharmacy, to create a merger of the two companies. Founded in 2000, Axium provides drug therapies and patient-support services to treat chronic, genetic and other complex medical conditions such as cancer, Hepatitis C, Rheumatoid Arthritis, Multiple Sclerosis and numerous other chronic care conditions. This partnership gives Kroger significantly enhanced capabilities to serve customers who require complex drug therapies, and to deliver those therapies at greater value to customers and insurance payers. Financial terms were not disclosed. “Kroger and Axium are a strategic fit as we look to enter the high-growth specialty pharmacy business,” said Lincoln Lutz, Kroger’s vice president of corporate pharmacy. “The combination of Axium’s expertise and Kroger’s 1,950 pharmacy locations, 91 Little Clinic locations, and pharmacists who provide health coaching, biometric screening and other wellness services will deliver positive health outcomes for our patients, cost savings for insurance payers, and unique services for physicians.”   Strong Growth Opportunity Specialty pharmacy is the primary area of growth in pharmaceuticals. Revenue for specialty drugs has grown from $17 Billion in 2000 to $104 Billion in 2011, and is projected to grow to $135 Billion in 2014. In 2011, 80% of new drugs approved by the FDA were specialty drugs. Currently more than 700 specialty drugs are in the pipeline for approval. “This partnership supports Kroger’s long-term growth plans, with strong return on invested capital,” said Rodney McMullen, Kroger’s president and chief operating officer. Kroger announced a new long-term growth strategy at an investor’s conference in October. About Axium Healthcare Pharmacy Headquartered in Lake Mary, Florida, Axium is one of the nation’s largest independent providers of specialty pharmacy services, offering a range of clinical services to patients with complex chronic conditions. Through its additional pharmacy locations in Puerto Rico, Tennessee and Mississippi, Axium provides comprehensive specialty pharmacy services to patients throughout the United States and Puerto Rico. Axium seamlessly addresses the clinical, administrative and financial needs of patients, referring physicians, insurance payers and pharmaceutical manufacturers. For patients, Axium increases medication adherence and enhances the overall quality of patient care through personalized education and treatment, 24/7/365 clinical support and side effect management; For insurance payers, Axium delivers cost effective care management programs and data-driven clinical outcomes; For manufacturers, Axium provides product training for patients, side effect interventions and reporting, and increased medication adherence; and For physicians, Axium improves coordination of patient care through insurance eligibility verification, product consultation, patient monitoring, and clinical interventions to minimize side effects and avoid adverse drug interactions. Axium will continue to operate as an independent company within the Kroger family. “We are excited to partner with Kroger to deliver specialty pharmacy services to their customers,” said Mark Montgomery, Axium’s president and chief executive officer. “We believe this relationship will create efficiencies that will reduce costs, drive growth and improve the overall quality of our combined healthcare services.”   Mr. Montgomery will continue to lead Axium. He has been with the company for nine years, the last six as president and CEO. With more than 25 years of healthcare leadership experience, he has held instrumental management roles with multiple leading nationwide specialty pharmacy providers. “We are very excited to welcome Axium’s leadership team and all 160 current associates to the Kroger family,” said Mr. Lutz. “Mark and the team have built a great company that is positioned for growth.” The transaction is contingent on typical conditions of closing, including any required approval of regulatory authorities. Edge Healthcare Partners, LLC served as Axium’s financial advisor for the pending merger. About Kroger Kroger, one of the world’s largest retailers, employs more than 339,000 associates who serve customers in 2,425 supermarkets and multi-department stores in 31 states under two dozen local banner names including Kroger, City Market, Dillons, Jay C, Food 4 Less, Fred Meyer, Fry’s, King Soopers, QFC, Ralphs and Smith’s. The company also operates 788 convenience stores, 342 fine jewelry stores, 1,124 supermarket fuel centers and 37 food processing plants in the U.S. Recognized by Forbes as the most generous company in America, Kroger supports hunger relief, breast cancer awareness, the military and their families, and more than 30,000 schools and grassroots organizations. Kroger contributes food and funds equal to 160 million meals a year through more than 80 Feeding America food bank partners. A leader in supplier diversity, Kroger is a proud member of the Billion Dollar Roundtable and the U.S. Hispanic Chamber’s Million Dollar Club.

Axium Healthcare Pharmacy Frequently Asked Questions (FAQ)

  • Where is Axium Healthcare Pharmacy's headquarters?

    Axium Healthcare Pharmacy's headquarters is located at 550 Technology Park, Lake Mary.

  • What is Axium Healthcare Pharmacy's latest funding round?

    Axium Healthcare Pharmacy's latest funding round is Merger.

  • How much did Axium Healthcare Pharmacy raise?

    Axium Healthcare Pharmacy raised a total of $6.1M.

  • Who are the investors of Axium Healthcare Pharmacy?

    Investors of Axium Healthcare Pharmacy include Modern Healthcare, Kroger, Battery Ventures, Matrix Partners and Allied Capital.

  • Who are Axium Healthcare Pharmacy's competitors?

    Competitors of Axium Healthcare Pharmacy include Implantable Provider Group, Parata, Chiral Quest, Healthgrades, DataTrak International, Vitae Industries, RXQ Compounding, HealthHelp, Hicuity Health, GetWellNetwork and 14 more.

Compare Axium Healthcare Pharmacy to Competitors

C
Chiral Quest

Chiral Quest develops routes for intermediates and APIs and manages tech transfer to full-scale manufacturing. Chiral Quest aims to help its customers improve their operating efficiencies by: (1) shortening the time-line for production of complex APIs; (2) developing a scalable process that will provide increasing quantities as clinical trials advance; (3) managing an efficient and cost-effective supply chain for manufacture; (4) providing robust QC methods and a strong CMC package.

ScriptPro Logo
ScriptPro

ScriptPro provides robotics-enabled systems to optimize retail and ambulatory pharmacy services.

U
Unit Dose Solutions

Unit Dose Solutions Inc. is a pharmacy services outsourcing company based in Morrisville, NC, near Research Triangle Park. Formed in 2005, the Company's mission is to provide outsourced drug repackaging and sterile preparation services in accordance with current good manufacturing practices ("cGMP"). Our customers include acute care hospitals, psychiatric hospitals, long term care hospitals, nursing homes and other long-term care institutions in the U.S.

V
Vitae Industries

Vitae Industries offers affordable pharmacy compounding automation solutions. The AutoCompounder takes care of making the tablets (or gummies), verifing the dose, and even cleaning up.

G
Gollmann

Provide of robotic dispensing systems. The company engages in the research, development, production, and sale of robotic dispensing systems for pharmacies and industries in Europe. Its robotic dispensing systems are used for the storage of C-parts, tools, standard parts, test parts, raw materials, and foodstuffs.

R
RXQ Compounding

RXQ Compounding is a pharmaceutical maker addressing critical drug shortages that applies advanced manufacturing techniques to a compounding pharmacy. It makes non-prescription drugs including injections, creams and other preparations for human and veterinary use that the U.S. Food and Drug Administration has declared in shortage, such as the topical painkiller lidocaine.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.