Walmart reportedly in talks to acquire prescription delivery service PillPack
Summary
CNBC’s sources said the deal isn’t final yet, but talks have been going on for months and Amazon was also a potential suitor for the startup, which delivers medications to tens of thousands of customers in the United States.Launched in 2013, PillPack has raised $118 million in funding from investors including Accel Partners, Atlas Venture and CRV.PillPack doesn’t just fill prescriptions: it also helps patients manage their medications by sorting pills into packets for individual doses, automatically delivering refills to homes and providing 24/7 customer service, all major selling points for seniors and people with multiple conditions.Last year, PillPack also unveiled prescription management software called PharmacyOS, which it described as “the first backend pharmacy system designed specifically for customers with complex medication regimes.”It has a loyal customer base, who helped PillPack win a public relations battle in 2016 with Express Scripts, the country’s largest pharmacy-benefits manager.