Press Release January 19, 2021

Great Hill Partners and Advent International Announce Recapitalization of RxBenefits

The Private Equity and Healthcare IT, Tech + Digital Health teams advised Great Hill Partners on its recapitalization of RxBenefits that values the company at approximately $1.1 billion. With this investment, Great Hill is joined by Advent International. Great Hill and Advent now each own equal stakes in RxBenefits, alongside a significant investment from the current management team.

Great Hill Partners is a private equity firm targeting investments of $25 million to $500 million in high-growth companies across the software, digital commerce, financial technology, healthcare, and digital infrastructure sectors.

Advent International is one of the largest and most experienced global private equity investors.

RxBenefits is the employee benefits industry’s first and only technology-enabled pharmacy benefits optimizer, with more than 500 pharmacy pricing, data, and clinical experts working together to deliver prescription benefit savings to employee benefit consultants and their self-insured clients.

The Goodwin team was led by Stuart Rosenthal and Josh Soszynski.

For more details, read the press release.