Catalyst Healthcare

What Catalyst Healthcare does

Catalyst Healthcare, now operating as Custom Health, is a vertically integrated medication management platform that links licensed pharmacies, in-home connected devices, and pharmacist-led clinical care through a single shared longitudinal record. The core technology stack comprises the AdhereNet® platform, a licensed Custom Health Pharmacy Network with six locations across the U.S. (Nashville, Orlando) and Canada (Toronto, Saskatoon, Langley, Chilliwack), in-home devices branded spencer®, PatchCap, and Vitals, a facility integration module (oneMAR®), and licensed pharmacist-led clinical services. Operational scale disclosed includes 7.6M medication events monitored and 2.2M proactive patient outreaches annually, with a peer-reviewed JMIR study reporting 98% medication adherence among program participants.

The company sells primarily to enterprise buyers — providers, health plans and government payers, and care facilities — via direct enterprise sales and pharmacy partner channels, with inbound patient and caregiver referrals supplementing demand generation. Revenue is generated through managed medication management programs (pharmacy fulfillment + platform + clinical oversight) and subscription/recurring platform and facility-integration fees; pricing is quote-based and not publicly disclosed. In June 2026 the company completed an acquisition of InnovativeRx operating subsidiaries to extend its North American infrastructure, followed on June 22, 2026 by an initial public offering on the Toronto Stock Exchange under the ticker CHLT, and on June 25, 2026 by strategic leadership appointments tied to growth and regulatory scaling.

Name

Catalyst Healthcare

Legal name

Custom Health Inc.

Website

http://catalystrms.com/

Company type

Public

Founded year

2005

Operating status

Ipo

Headcount range

51–100 employees

Short description

Custom Health (formerly Catalyst Healthcare) operates a vertically integrated medication management platform that links a licensed pharmacy network, in-home connected devices, and pharmacist-led clinical care through the AdhereNet® shared longitudinal record, serving providers, health plans, government payers, facilities, and patients across the U.S. and Canada.

Ownership category

akta.pro rank

Product category

Medication Management Services

NAICS

Home Health Care Services (62161), Pharmaceutical Preparation Manufacturing (325412), Pharmacies and Drug Retailers (456110)

SIC

Services-Home Health Care Services (8082), Services-Health Services (8000), Wholesale-Drugs, Proprietaries & Druggists' Sundries (5122)

akta.pro primary industry

Specialty Pharmacy & Complex Therapy Management Platforms (HLACAKAG)

akta.pro secondary industries

Multi-Condition RPM Platforms & Care Orchestration (device-agnostic, population management) (HLALAFAL), Injectables & Specialty Medication Support (e.g., insulin, biologics) (HSABALAG)

Keywords

• Medication management
• Pharmacy services
• Medication adherence
• In-home health monitoring
• Pharmacist-led care

Headquarters

HQ city

Kelowna

HQ country

Canada

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

1. Managed medication management programs (pharmacy + platform + clinical oversight): Integrated offering that combines pharmacy fulfillment (preparation, packaging, delivery), connected in-home devices, the AdhereNet® platform, and pharmacist-led clinical services, typically contracted with health plans, government payers, providers and facilities as ongoing programs.
2. Pharmacy network and medication packaging revenue: Licensed pharmacy operations across Nashville TN, Orlando FL, Toronto ON, Saskatoon SK, Langley BC and Chilliwack BC that prepare, re-package, and dispense finished medication to patients and pharmacy partners.
3. Facility integration (oneMAR®) and B2B platform services: Enterprise-facing capability extending visibility into facility workflows, sold to providers and facility operators.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Catalyst Healthcare (operating as Custom Health) runs an integrated medication management program that combines a licensed pharmacy network, in-home connected devices, the AdhereNet® platform, and pharmacist-led clinical services. The company prepares, re-packages, and delivers medication to patients at home while continuously capturing real-world medication-use and health-signal data to support earlier clinical intervention. Customers include provider organizations, health plans, government payers, care facilities, pharmacy partners, and patients/caregivers across the U.S. and Canada.

Product overview

Catalyst Healthcare operates Custom Health as a single integrated platform — pharmacy, intelligence, and pharmacist-led care — combining the AdhereNet® core platform, a licensed Custom Health Pharmacy Network, In-Home Devices (with sub-modules spencer®, PatchCap, and Vitals), a Facility Integration module (oneMAR®), Clinical Services, and an Outcomes module. The architecture links pharmacy preparation/delivery, in-home data capture, and pharmacist-led clinical oversight into one connected infrastructure for medication management at home.

Differentiator

Problem solved

Functional benefit

Brands

• AdhereNet®: Platform that connects pharmacy, in-home devices, and clinical care through a shared longitudinal record.
• oneMAR®
• spencer®
• PatchCap
• Vitals
• Custom Health Pharmacy

Products and services

• Custom Health Platform Unified platform that connects pharmacy, in-home technology, and pharmacist-led clinical care to support medication management at home, providing continuous visibility into medication use and earlier clinical intervention.
• AdhereNet® Core data platform that connects pharmacy, in-home technology, and clinical care through a shared longitudinal record of medication use and response.
• Custom Health Pharmacy Network Licensed pharmacy network that prepares, re-packages, and delivers finished medication to establish a consistent, trackable routine at home, with locations across Nashville TN, Orlando FL, Toronto ON, Saskatoon SK, Langley BC, and Chilliwack BC.
• In-Home Devices In-home technology portfolio that captures medication use and monitors key health signals continuously at home as part of the Custom Health platform.
• spencer® Branded in-home device that captures real-world medication data at home as part of the connected Custom Health platform.
• Facility Integration (oneMAR®) Integration offering that extends Custom Health's visibility into facility medication-administration workflows, enabling coordination between facility operations and the connected platform.
• Clinical Services Pharmacist-led oversight and intervention services that interpret medication-use patterns, engage patients, and coordinate with prescribers to support earlier clinical action.

Quantifiable outcome

• 98% medication adherence achieved in a peer-reviewed JMIR study using the company's model
• +3 more outcomes

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability4 records

Feature7 records

Partnerships

One partnership is on record.

• InnovativeRx (operating subsidiaries)coreStrategic or Co-development Partner · 10 June 2026Custom Health (Catalyst Healthcare) announced the closing of the acquisition of InnovativeRx operating subsidiaries, intended to expand integrated medication management infrastructure across North America. The transaction was disclosed as a press release dated June 10, 2026 and is positioned as a strategic expansion of the company's North American footprint.

Scale indicators7 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Omnicell: Large medication management and pharmacy automation vendor offering adherence packaging, central fill, and analytics software. Cited as a top player in the same 2026 medication adherence packaging industry report, making it a key incumbent competing for health-system and pharmacy network deals.
• McKesson Corporation: Largest US pharmaceutical distributor with broad pharmacy, packaging, and adherence offerings. Named alongside Custom Health as a top player in the adherence packaging market; competes primarily via scale and breadth rather than specialization.
• CVS Health / CVS Caremark: Vertically integrated pharmacy, PBM, and adherence program operator at massive scale. Represents the broader-incumbent competitive threat Custom Health faces in selling into health plans and government payers.

Direct peers

• Parata Systems: Pharmacy automation company providing adherence packaging (Parata PASS), dispensing, and workflow solutions to retail and specialty pharmacies. Closely aligned with Custom Health's pharmacy network + packaging layer and listed alongside it as a top adherence packaging player.
• Genoa Healthcare: Specialty pharmacy operator focused on behavioral health and complex patient populations with embedded adherence services. Comparable to Custom Health's pharmacy network + clinical services model serving complex, high-risk populations.
• ExactCare Pharmacy (Tabula Rasa HealthCare): Specialty pharmacy providing in-home medication management, multi-dose packaging, and pharmacist-led clinical services for complex patients. Directly comparable to Custom Health's vertically integrated adherence model.
• MedMinder: Provider of smart in-home medication dispensers and pharmacy services for seniors and polypharmacy patients. Overlaps with Custom Health's spencer® device + pharmacy network offering for at-home adherence.
• Hero Health: Connected in-home medication dispenser with medication delivery and adherence tracking. Targets a similar at-home, complex-patient use case as Custom Health's in-home devices and pharmacy network.
• Smurfit Westrock (formerly WestRock): Global packaging company with pharmaceutical and adherence packaging lines. Identified alongside Custom Health as a top player in the 2026 medication adherence packaging industry report; competes mainly on the packaging substrate layer.

Emerging players

• Phil Inc. Specialty digital pharmacy and patient access platform with adherence support services for pharmaceutical manufacturers and payers. Comparable as an emerging medication management and adherence-services peer targeting complex populations.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/catalystpharm
• LinkedInlinkedin.com/company/2291305

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Catalyst Healthcare