AnewHealth

What AnewHealth does

AnewHealth is a U.S. national pharmacy care management company that delivers integrated clinical pharmacy services and proprietary medication-optimization technology to patients with complex, chronic medical needs. The company was formed in November 2023 through the combination of ExactCare Pharmacy and Tabula Rasa HealthCare under private equity sponsor Nautic Partners, with the unified AnewHealth brand launched in July 2024 following the 2024 acquisitions of HomeFree Pharmacy Services and SafeDose Pharmacy. AnewHealth serves 150,000+ beneficiaries across all 50 states, delivering 13 million prescriptions in 2025 from 6 fulfillment centers, including Medicare, Medicaid, Dual-Eligible, PACE, IDD/residential care, home health, and kidney care populations. Its service portfolio is organized under sub-brands including ExactCare (chronic-care pharmacy-at-home), CareKinesis (PACE pharmacy), Pharmastar (PBM endorsed by the National PACE Association), SafeDose (IDD/residential pharmacy), and Capstone (risk adjustment and consulting).

The company's core technology stack is anchored by MedWise, a proprietary science-based clinical insights platform that performs multi-drug analysis using 600+ clinical rules to predict adverse drug events, combined with the HITRUST-certified EireneRx cloud-based e-prescribing and medication management platform. Supporting modules include Population Action Reports, Patient-Level Action Alerts, ExactPack multi-dose adherence packaging, and NLP-based audit and reporting tools. The technology integrates into PACE EHRs and Homecare Homebase workflows, with FDA-aligned clinical decision support and 200+ peer-reviewed publications backing the underlying pharmacokinetic/pharmacodynamic evidence base.

AnewHealth operates a hybrid enterprise GTM selling directly to risk-bearing providers, health plans, PACE organizations, home health agencies, and kidney care providers, supplemented by channel partnerships through provider networks and a nationwide delivery infrastructure (FedEx, UPS). Revenue is generated across four streams: pharmacy dispensing and home delivery, full-service PBM, risk adjustment and HCC coding services, and PACE consulting. Pricing is quote-based with annual contract cadences; demonstrated outcomes include $2,400-$4,740 annual per-patient total cost of care savings, 40% fewer hospital readmissions, 94% adherence (PDC), and a +78 Net Promoter Score in 2024. Nautic Partners remains controlling owner, with The Vistria Group holding a minority stake acquired alongside the HomeFree transaction.

Name

AnewHealth

Legal name

AnewHealth

Website

https://anewhealthrx.com

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

AnewHealth is a U.S. national pharmacy care management company that combines proprietary MedWise clinical technology with pharmacy dispensing, PBM, risk adjustment, and consulting services to serve Medicare, Medicaid, PACE, and other complex chronic-care populations across all 50 states.

Ownership category

akta.pro rank

Product category

Pharmacy Care Management

NAICS

Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292), Pharmacies and Drug Retailers (456110), Ambulatory Health Care Services (621)

SIC

Services-Health Services (8000), Services-Home Health Care Services (8082)

akta.pro primary industry

Long-Term Care (LTC) & Skilled Nursing Facility Pharmacies (HLAFALAF)

akta.pro secondary industries

Chronic Condition Medication Programs (e.g., diabetes, hypertension) with Integrated Prescribing (HLALAIAH), Mail-Order Pharmacy & Home Delivery (HLAEAKAF), Medication Adherence, Reminders & Patient Support (HLACAKAF), Injectables & Specialty Medication Support (e.g., insulin, biologics) (HSABALAG)

Keywords

• Pharmacy care management
• Medication therapy management
• Pharmacy benefit management
• Chronic care pharmacy
• PACE pharmacy services

Headquarters

HQ city

Wauwatosa

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Pharmacy Dispensing Services: Comprehensive pharmacy dispensing and delivery services for complex chronic patients including Medicare, Medicaid, Dual-eligible, and PACE beneficiaries. Services include multi-dose packaging, medication synchronization, and national delivery.
2. Pharmacy Benefit Management (PBM): Full-service PBM through Pharmastar providing Medicare Part D management, PDE claim submission, adjudication, rebate submission, and audit support for PACE programs and insurers.
3. Risk Adjustment Services: Risk adjustment consulting, HCC coding and auditing services through Capstone Risk Adjustment Services to ensure accurate capitated payments for PACE and risk-bearing organizations.
4. PACE Consulting Services: Expert consulting for PACE programs including feasibility studies, application preparation, startup support, audit services, and ongoing operational support.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

AnewHealth is a national pharmacy care management company that provides full-service pharmacy dispensing, multi-dose adherence packaging, and home delivery for patients with complex, chronic conditions. It augments dispensing with proprietary MedWise clinical decision support technology, a HITRUST-certified EireneRx e-prescribing platform, full-service Pharmacy Benefit Management (Pharmastar), risk adjustment and HCC coding services (Capstone), and PACE-specific consulting. Customers are primarily healthcare payers, PACE programs, risk-bearing providers, home health agencies, IDD/residential care facilities, and kidney care providers.

Product overview

AnewHealth is a pharmacy care management company offering a unified platform combining integrated clinical pharmacy services and proprietary technology. The core platform comprises End-to-End Pharmacy Care Management, which orchestrates MedWise clinical insights, Population Action Reports, patient-level alerts, and adherence-focused dispensing delivered through ExactCare (for Medicare/Medicaid home patients), CareKinesis (for PACE participants), and SafeDose (for IDD facilities). Supporting sub-brands include Pharmastar PBM for pharmacy benefit management, Capstone Risk Adjustment Services for coding and compliance, and PACE Consulting for program development. Key modules include EireneRx (e-prescribing), MedWise (science-based medication optimization), and ExactPack (multi-dose adherence packaging). Established in 2023 and rebranded in July 2024.

Differentiator

Problem solved

Functional benefit

Brands

• MedWise: Proprietary science-based clinical insights platform that personalizes medication optimization through comprehensive multi-drug analysis
• EireneRx
• ExactPack
• Pharmastar
• Capstone Risk Adjustment Services

Products and services

• End-to-End Pharmacy Care Management
• ExactCare Pharmacy (Chronic Care Pharmacy-at-Home)
• CareKinesis PACE Pharmacy
• SafeDose Pharmacy
• Pharmastar PBM
• Capstone Risk Adjustment Services
• PACE Consulting Services
• EireneRx Medication Management and E-Prescribing Platform

Quantifiable outcome

• Annual total cost of care savings of $2,400 per patient
• +8 more outcomes

Named customers4 records

Segments7 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability6 records

Feature5 records

Partnerships

Four partnerships are on record, tiered minor and core.

• FedExminorStrategic or Co-development PartnerPartnership with FedEx for medication home delivery services across the nationwide pharmacy network.
• UPSminorStrategic or Co-development PartnerPartnership with UPS for medication home delivery services ensuring reliable nationwide distribution.
• National PACE AssociationcoreStrategic or Co-development PartnerPharmastar is the exclusive PBM endorsed by the National PACE Association, providing specialized pharmacy benefit management solutions for PACE programs.
• LTC Pharmacy at Home AlliancecoreStrategic or Co-development PartnerAnewHealth was integral in developing the Alliance for Long-Term Care Pharmacy @ Home, established to expand access to high-quality LTC pharmacy services for home- and community-based patients. Alliance officially launched in Spring 2023.

Scale indicators13 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Omnicare (CVS Health): Omnicare, a CVS Health business, is a leading long-term care pharmacy provider serving skilled nursing and assisted living facilities. Directly comparable to AnewHealth on LTC pharmacy dispensing and clinical pharmacy services, though operating at much larger scale within a vertically integrated payer-PBM parent.
• Genoa Healthcare: Genoa Healthcare is a specialty and behavioral health pharmacy operator serving complex chronic populations in clinic and community settings. Directly comparable to AnewHealth's ExactCare and CareKinesis lines given overlapping focus on high-acuity, polypharmacy patients and on-site/embedded pharmacy delivery models.
• PharMerica: PharMerica is one of the largest U.S. long-term care and institutional pharmacy operators, serving skilled nursing facilities, assisted living, and senior living communities. Directly comparable to AnewHealth's CareKinesis PACE pharmacy and ExactPack multi-dose adherence packaging model serving complex elderly populations.
• MedImpact Healthcare Systems: MedImpact is an independent, mid-sized PBM focused on transparent pharmacy benefit management for health plans, employers, and government programs. Directly comparable to AnewHealth's Pharmastar PBM in serving payers with custom benefit designs, including government-sponsored programs like PACE.
• ExactCare Pharmacy (legacy): ExactCare is now AnewHealth's chronic-care-at-home sub-brand but historically was an independent pharmacy-at-home operator for Medicare/Medicaid. Included for reference as the direct predecessor entity; current business fully consolidated within AnewHealth.
• Clearway Health: Clearway Health builds and operates specialty pharmacy programs for hospitals and health systems serving complex patient populations. Comparable to AnewHealth's pharmacy services for PACE, IDD, and risk-bearing providers, with similar focus on high-touch clinical pharmacy and adherence packaging.
• Humana CenterWell Pharmacy: Humana's CenterWell Pharmacy delivers chronic care medications, multi-dose packaging, and home delivery for Medicare Advantage members. Closely comparable to ExactCare Pharmacy's chronic care pharmacy-at-home model serving Medicare and dual-eligible beneficiaries.

Emerging players

• Atlas Health: Atlas Health is a medication access and adherence platform helping value-based care providers lower drug costs and improve outcomes for complex patients. Partially comparable to AnewHealth's MedWise medication optimization and risk-bearing provider solution, though more software-led versus AnewHealth's dispensed-services model.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Customer concentration

• Xx.com/Anew_HealthRx
• Facebookexactcare.info/facebook
• LinkedInlinkedin.com/company/anewhealth

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries7 records

Funding overview

Funding rounds1 record

Investors1 record

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

M&A1 record

Investments

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

Frequently asked questions about AnewHealth