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Ascent Health Services
↗Schaffhausen, Switzerland
Ascent Health Services is a group purchasing organization (GPO) established in 2019, primarily designed to aggregate purchasing power and negotiate pharmaceutical rebates and supply terms on behalf of health plans and pharmacy benefit managers (PBMs). It serves as a strategic entity for its participants, which include major organizations like Express Scripts (a Cigna subsidiary), Prime Therapeutics, and Kroger Prescription Plans.
The company operates with a focus on transparency, data analytics, and strategic drug management to maximize savings for its clients. While it functions as a critical intermediary in the U.S. pharmaceutical supply chain, it maintains a corporate headquarters in Schaffhausen, Switzerland, and has been the subject of regulatory scrutiny regarding PBM business practices and rebate transparency.
CLASSIFICATION
Company Type:Digital Health
Therapeutic Areas:-
Industry:Pharmaceuticals
Sub-Industry:Group Purchasing Organization (GPO) / Pharmacy Benefit Management Services
SIZE & FINANCIALS
Employees:51-200
Revenue:$10M-$50M
Founded:2019
Ownership:subsidiary
Status:operating
FUNDING
Total Raised:$0M
Investors:Cigna (via Express Scripts), Prime Therapeutics, Kroger
0
CORPORATE STRUCTURE
Parent Company:Cigna (Evernorth Health Services)
Key Partnerships:Express Scripts (PBM), Prime Therapeutics (PBM), Kroger Prescription Plans (PBM), Humana Pharmacy Solutions
COMPETITION
Position:Leader
Competitors:Emisar Pharma Services, Zinc Health Services
LEADERSHIP
Key Executives:
Edward Adamcik - President
David Scheibe - Chief Financial Officer
Jolie Sharp - Chief Operations Officer
LINKS
Website:ascenthealthservices.com
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