MedMinder is a fully integrated smart pharmacy that provides a smart pill dispenser equipped with medical alerts for the elderly. Users can transfer the patient's prescription to MedMinder’s pharmacy and the company’s proprietary daily pill dispenser will be pre-organized or refilled and delivered on a monthly basis. Patients receive alerts to take their medications in accordance with pharmacy instructions through visual, audio, and phone alerts. Family members can also receive notifications if a dosage is missed. In addition, the pill dispenser provides weather alerts and family photos can be shared on the dispenser’s screens.
The MedMinder service charges USD 49.99/month and can be discontinued free of charge by returning the pillbox dispenser.
Funding and financials
In August 2022, the company raised USD 35 million through a combination of a credit facility from SWK Holdings Corporation and an unspecified amount in additional investment from Accelmed Partners. The funds were set aside to increase its capacity to meet increasing national demand for its services. Additionally, a portion of the funds raised were earmarked for expanding its virtual care, clinical, and technological capabilities.
No investor data is available
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