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Personalrx Acquires New York-Based Pharmacy

Apr 19, 2023•about 2 years ago

Acquiring Company

DGN Pharmacy, Inc.

Acquired Company

Pharmacy

East RutherfordMedicalHealth Care

Description

PersonalRX, the home delivery pharmacy that places the patient at the center of care, today announced that it has acquired the MedMinder pharmacy in Brooklyn, NY. This marks PersonalRX’s growth into New York, and they will serve all New York-based patients – including those that are members of NY MRX, the Medicaid Pharmacy Program.

Company Information

Company

DGN Pharmacy, Inc.

Location

20 Murray Hill Parkway Suite 210

East Rutherford, New Jersey, United States

About

PersonalRX is a home delivery pharmacy that provides the much needed personal attention that other pharmacies simply don’t provide. With PersonalRX, managing medications has never been easier. The company delivers all of the pre-packaged, clearly labeled medications straight to our patient’s door and provides a dedicated pharmacy technician who calls patients at least once per month. PersonalRX is based in East Rutherford, NJ and operates across the US. For more information, please visit https://personalrx.com/.

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