Ingram Medical
closedIngram Medical improves the management of diabetes by providing quality testing supplies, oral medications and shipping services.
| Date | Investors | Amount | Round |
|---|---|---|---|
$30.0m | Series B | ||
| Total Funding | 000k | ||
Ingram Medical, established in 2010, operated as a technology-driven healthcare distribution company with a focus on chronic care management, particularly for individuals with diabetes. The firm's business model was centered on a direct-to-consumer approach, providing diabetes testing supplies and oral medications directly to patients' homes on a monthly basis. This service was designed to help diabetics ensure they were using the correct supplies for optimal savings and health management. The company was founded in Orem, Utah, and by 2013, its founders had been recognized as Ernst & Young Entrepreneurs of the Year in the Utah region.
The company's platform was designed as a chronic care product and sales system. A key feature was its online Diabetes Health Center, which provided health-related information curated by a professional staff of nurses, nutritionists, and physicians. To access the services, prospective patients would provide their information, after which a Diabetic Benefits Specialist would contact them to identify a suitable medical supplier for their needs. This process, described as highly automated, contributed to a significant expansion, with the company reportedly growing its customer base by over 400% in the two years leading up to September 2013.
A significant milestone in the company's history was a $30 million Series B funding round in September 2013, led by Mercato Partners. This investment included strategic participation from entities like Intermountain Healthcare and StepStone Group, and it was intended to fuel further growth and expansion into other chronic care areas. At the time, Jeff Smith served as the CEO of Ingram Medical. According to Tracxn, Ingram Medical is now considered a deadpooled company.
Keywords: Ingram Medical, diabetes care, chronic care management, direct-to-consumer medical supplies, healthcare distribution, diabetes testing supplies, home delivery medication, online health center, medical supply platform, chronic disease support, patient benefits, Jeff Smith, Mercato Partners, Intermountain Healthcare, StepStone Group, Utah business