Specialty Rx
SpecialtyRx is a privately held, closed-door long-term care pharmacy serving 1,150+ skilled nursing facilities and assisted living communities across 18 states. It dispenses 65,000+ medications daily to 350,000+ patients annually via 15 pharmacy locations and proprietary platforms (Specialty365, Framework Vision).
- Company typePrivate
- Founded2002
- HeadquartersRidgefield Park, United States
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Specialty Rx does
SpecialtyRx (legal entity: Specialty Rx, Inc.) is a US long-term care pharmacy that serves skilled nursing facilities, assisted living communities, and other post-acute care providers through a closed-door pharmacy model — dispensing exclusively to institutional customers rather than retail patients. Founded in 2002 by co-founders Chesky Berkowitz and Joel Zupnick and headquartered in Ridgefield Park, NJ, the company operates 15 full-service pharmacy locations across 18 states and self-describes as the largest privately owned long-term care pharmacy in the country. It produces more than 65,000 medications daily for over 350,000 patients served annually across 1,150+ healthcare facilities, with a 3-week standardized onboarding/transition process for new facility customers.
The company layers a proprietary technology portfolio on top of its dispensing operations. Specialty365 is an all-in-one Rx management platform for facilities, Framework Vision is a centralized pharmacy data dashboard for reporting, SpecialtyRx Now is a HIPAA-compliant messaging system, and the SRX Anytime Collect Portal handles facility billing. Dispensing infrastructure includes the E3 automated medication packaging system (up to 600 medication cards per hour) and dedicated IV rooms for sterile compounding. Revenue is generated under B2B contract arrangements with healthcare facilities on a recurring prescription-fulfillment and medication-management basis; pricing is not publicly disclosed. SpecialtyRx reaches customers via a direct field sales force of account executives and complements this with thought-leadership content (Pulse blog), industry PR (Chain Drug Review), and active social media presence. No external investors, parent company, or M&A activity is disclosed.
Specialty Rx firmographics
Firmographics- Name
- Specialty Rx
- Legal name
- Specialty Rx, Inc
- Website
- https://srxltc.com
- Company type
- Private
- Founded year
- 2002
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- SpecialtyRx is a privately held, closed-door long-term care pharmacy serving 1,150+ skilled nursing facilities and assisted living communities across 18 states. It dispenses 65,000+ medications daily to 350,000+ patients annually via 15 pharmacy locations and proprietary platforms (Specialty365, Framework Vision).
- Ownership category
- akta.pro rank
Specialty Rx industry classification
Industry- Product category
- Long-term care pharmacy services
- NAICS
- Ambulatory Health Care Services (621)
- SIC
- Services-Specialty Outpatient Facilities, Nec (8093)
- akta.pro primary industry
- Specialty Pharmacies (Complex/High-Cost Therapies) (HLAFALAC)
- akta.pro secondary industries
- Specialty Pharmacy & Complex Therapy Management Platforms (HLACAKAG), Medication Reconciliation & Skilled Medication Administration (Clinical) (HSABACAH)
Keywords
Where Specialty Rx is headquartered
LocationHeadquarters
- HQ city
- Ridgefield Park
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Specialty Rx business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Long-term Care Pharmacy Services: SpecialtyRx provides comprehensive pharmacy services to skilled nursing facilities, assisted living communities, and other healthcare providers. Revenue is generated through ongoing prescription fulfillment, medication management, and related pharmaceutical services under contract arrangements with healthcare facilities.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Specialty Rx product offering
Product offeringCore offering
SpecialtyRx is a full-service closed-door long-term care pharmacy that dispenses and manages medications for skilled nursing facilities, assisted living communities, and other post-acute care providers across 18 states. The company bundles prescription fulfillment, automated unit-dose packaging, sterile IV compounding, cost containment, regulatory compliance support, data management, and facility transition services into a recurring pharmacy services contract, supported by proprietary digital platforms (Specialty365, Framework Vision, SpecialtyRx Now) and 15 pharmacy locations.
Product overview
SpecialtyRx operates as a platform-plus-services model for long-term care pharmacy. The core technology portfolio includes Specialty365 (comprehensive Rx management), Framework Vision (pharmacy data dashboard), SpecialtyRx Now (HIPAA-compliant messaging), and the SRX Anytime Collect Portal (billing). These platforms are complemented by service offerings including Distribution & Delivery, Cost Containment, White-glove Service, Compliance & Security, Data Management & Reporting, Dispensing Tech & Equipment, and Seamless Transitions. The company serves skilled nursing facilities, assisted living communities, and other healthcare providers across 18 states.
Differentiator
Problem solved
Functional benefit
Brands
- Specialty365: All-in-one Rx management platform for facilities
- Framework Vision
- SpecialtyRX Now
Products and services
- Distribution and Delivery Pharmacy delivery service providing prescriptions at high speed to long-term care facilities including skilled nursing facilities and assisted living communities.
- Cost Containment Pharmacy cost management service designed to control pharmaceutical spending without affecting patient care quality for long-term care facilities.
- White-glove Service Accredited, exceptional support service for long-term care facility operations including account executive assistance with survey preparation, med cart audits, medication storage, and emergency kit checks.
- Compliance and Security Regulatory compliance and data security service ensuring facilities are fully prepared and protected, including CMS survey readiness, F-Tag and MDS 3.0 support, and HIPAA-compliant communication.
- Data Management and Reporting Centralized pharmacy data management service providing comprehensive reporting capabilities for facilities via the Framework Vision dashboard platform.
- Dispensing Tech and Equipment Reliable dispensing technology and flexible medication packaging solution for long-term care facilities, including E3 automated medication packaging systems producing up to 600 medication cards per hour.
- Seamless Transitions Pharmacy transition service enabling effortless 3-week changeover for healthcare facilities switching to SpecialtyRx from a previous pharmacy provider.
- Sterile Compounding (IV Room) Sterile compounding service for specialized medications, operated from a dedicated IV room within the Grand Prairie pharmacy location under rigorous quality and safety standards.
Quantifiable outcome
- 350,000+ patients served annually across 1,150+ facilities in 18 states
- +3 more outcomes
Companies that use Specialty Rx
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles2 records
Specialty Rx technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Specialty Rx partnerships and signals
Strategic signalScale indicators8 records
Recent moves8 records
Expansion highlights5 records
Specialty Rx competitors and assessment
Company assessmentBroad incumbents
- PharMerica: PharMerica, owned by BrightSpring Health Services, is one of the largest institutional/LTC pharmacy operators in the US; it competes head-to-head with SpecialtyRx for skilled nursing and assisted living accounts at national scale and is backed by KKR capital.
- Omnicare (CVS Health): Omnicare is CVS Health's closed-door LTC pharmacy subsidiary and a direct competitor serving skilled nursing and assisted living facilities nationwide; its integration with CVS Caremark gives it PBM and procurement scale SpecialtyRx must compete against.
- UnitedHealth Group / Optum Rx: Optum Rx is a top-tier PBM and pharmacy services platform that touches LTC pharmacy through Optum/Omnicare; its vertical integration with payers and PBM formulary control represents the strategic backdrop against which SpecialtyRx competes.
- CVS Health: CVS Health owns the largest US PBM and retail pharmacy chain plus Omnicare; while its LTC presence sits in Omnicare, its scale in PBM, distribution, and care delivery shapes pricing and network access for independent LTC pharmacies like SpecialtyRx.
Direct peers
- Guardian Pharmacy Services: Guardian Pharmacy Services is one of the largest privately held LTC pharmacy groups in the US, focused on closed-door pharmacy services for assisted living, skilled nursing, and behavioral health communities — a near-direct private peer to SpecialtyRx.
- ExactCare Pharmacy: ExactCare Pharmacy provides pharmacy services and chronic care management to patients in home and facility settings, including LTC; it competes for institutional accounts and emphasizes adherence packaging similar to SpecialtyRx's E3 system.
- AlixaRx: AlixaRx is a closed-door LTC pharmacy serving skilled nursing and senior living communities; its model and customer base overlap tightly with SpecialtyRx's SNF/ALF focus, particularly in the central and eastern US.
Others
- McKesson: McKesson is a major pharmaceutical wholesaler and distribution partner to LTC pharmacies; SpecialtyRx likely sources drug inventory through large wholesalers like McKesson, making it a critical upstream counterpart rather than direct competitor.
- Cardinal Health: Cardinal Health provides pharmaceutical distribution, specialty pharmacy services, and at-Home Solutions for post-acute and LTC markets; it supplies drugs and is increasingly a competitor through its LTC and at-home pharmacy offerings.
Regional players
- Cleveland Clinic / CommonSpirit Skilled Nursing Pharmacy Programs: Large health systems with integrated skilled nursing or post-acute pharmacy programs (e.g., Cleveland Clinic, CommonSpirit) operate regional LTC pharmacy-style services in-house; they represent an adjacent regional comp where facilities internalize pharmacy rather than contract with SpecialtyRx.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Specialty Rx social profiles
Digital presenceSpecialty Rx financial estimates
Financial estimateRevenue estimate
Valuation estimate
Specialty Rx leadership team
Management profileNumber of profiles
Profiles2 records
Specialty Rx funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Specialty Rx M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Specialty Rx
What does Specialty Rx do?
SpecialtyRx is a full-service closed-door long-term care pharmacy that dispenses and manages medications for skilled nursing facilities, assisted living communities, and other post-acute care providers across 18 states. The company bundles prescription fulfillment, automated unit-dose packaging, sterile IV compounding, cost containment, regulatory compliance support, data management, and facility transition services into a recurring pharmacy services contract, supported by proprietary digital platforms (Specialty365, Framework Vision, SpecialtyRx Now) and 15 pharmacy locations.
Is Specialty Rx a public or private company?
Specialty Rx is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Specialty Rx founded?
Specialty Rx was founded in 2002. It employs 251 to 500 people.
Where is Specialty Rx based?
Specialty Rx is headquartered in Ridgefield Park, United States, in the North America region.
How does Specialty Rx make money?
One revenue line is on record: long-term Care Pharmacy Services.
Who are Specialty Rx's main competitors?
Broad incumbents on record are PharMerica, Omnicare (CVS Health), UnitedHealth Group / Optum Rx and CVS Health. Direct peers are Guardian Pharmacy Services, ExactCare Pharmacy and AlixaRx. Others are McKesson and Cardinal Health. Cleveland Clinic / CommonSpirit Skilled Nursing Pharmacy Programs is listed as a regional player.
Does Specialty Rx have an API?
No public API is recorded for Specialty Rx.
What industry is Specialty Rx in?
Specialty Rx's product category is Long-term care pharmacy services. Its primary akta.pro industry code is HLAFALAC, Specialty Pharmacies (Complex/High-Cost Therapies), with a secondary code of HLACAKAG, Specialty Pharmacy & Complex Therapy Management Platforms. Its NAICS code is 621 and its SIC code is 8093.