BVP Forge, based in San Francisco, California, announced that it made a strategic investment into Salt Lake City, Utah-based BetterRX. BetterRX also announced the appointment of Tim Tannert as its new CEO.
BetterRX is a leading hospice pharmacy platform. Its real-time technology platform is designed to eliminate medication delays and enhance patient care. The platform offers 100% pass-through pricing, seamless electronic medical record integration, pharmacy access and round-the-clock clinical support.
BVP Forge is a buyout fund managed by Bessemer Venture Partners. BVP Forge operates as a private equity firm for growth-oriented, self-sustaining software-enabled businesses paired with access to a venture capital platform.
Crewe Capital served as the exclusive financial advisor to BetterRX. The financial terms of the acquisition were not disclosed.
“BetterRX was founded to solve a quiet crisis in healthcare — the medication delays that burden patients, families, and clinicians at the most vulnerable time in life,” said Ben Clarke, who has served as COO and then CEO of BetterRX since 2013. “The partnership with BVP Forge and Tim’s leadership isn’t about changing who we are — it’s about scaling our ability to deliver faster, better care and redefining what’s possible in hospice pharmacy. We know they will build on the trust we’ve earned and continue transforming how hospice care gets delivered in America.”
According to data captured in the LevinPro HC database, this marks the 177th eHealth transaction of 2025, and the 25th in the analytics specialty. Throughout all of 2024, there were 30 analytic transactions announced.
