HonestRx Consulting Has Been Acquired by AssuredPartners Capital
October 2022
Tamarack Partners advised HonestRx Consulting—a leading independent pharmaceutical company—on its sale to AssuredPartners Capital. Terms of the deal were not disclosed.
HonestRx, based in Southlake, TX, provides holistic pharmacy benefit management (PBM) consulting services primarily to self-insured employers but also to third-party administrators and Medicare Advantage plans. The company’s services include PBM contract review, negotiation and procurement, pharmacy benefit monitoring and stewardship, and contract auditing. Since its founding in 2017, HonestRx has saved clients more than $100 million in pharmacy benefit spend.
AssuredPartners is an Orlando, FL based full-service insurance broker providing commercial insurance, risk management, and employee benefits through consulting and services. Since 2011, AssuredPartners has completed over 400 acquisitions, including 12 regional platform agencies, which aggregate to approximately $2.0 billion in annualized turnover. As a result, AssuredPartners is one of the largest and fastest growing middle-market insurance brokerage firms in the United States.
Tamarack Partners provides M&A advisory services to owners of lower middle market companies. For more information on this transaction or to speak with one of our transactional advisors about your business, Contact Us.
