August 19, 2009

For Press Inquiries:

Andi Wilmes
Director, Marketing and Communications
Beringea, LLC
awilmes@beringea.com
(248) 489-9000

«Return to Newsroom

Beringea Portfolio Company MedVantx Named Fastest Growing Health Care Company on Inc. 500 List

DETROIT — Beringea portfolio company MedVantx was ranked on the 2009 “Inc. 500” list as the No. 1 fastest growing health care company in the country.

The magazine’s ranking measures revenue growth among American entrepreneurs from 2005 to 2008. MedVantx secured the No. 13 spot overall, with sales growth of 7,898.5 percent and revenue exceeding $36 million in 2008. The company also was named the No. 1 fastest growing company in the San Diego-Carlsbad-San Marcos, Calif. region.

MedVantx, based in San Diego, Calif., developed the first fully-integrated pharmaceutical delivery program to help physicians and patients manage prescriptions. The system combines physician sample services with a mail-order pharmacy and includes a computerized ATM-like medication storage system kept at the physician's office. This in-office machine allows health care providers to easily dispense a free initial course of therapy at the point-of-care and automatically upload patient information. In addition, MedVantx offers a customer service system that provides drug information and reimbursement counseling services, as well as home delivery of the prescription medications.

"Being named to the ‘Inc. 500’ list is an exciting honor and marks an important milestone in the growth of our company," said Robert Feeney, founder and CEO of MedVantx. "Health care is becoming more consumer-centric as the U.S. health care system strains to manage growing costs. MedVantx is uniquely positioned to provide solutions that address these trends and will greatly improve the pharmacy experience for consumers."

“We commend Rob and his management team on this outstanding recognition,” added Charles Rothstein, founder and senior managing director at Beringea. “Clearly an industry leader, MedVantx’s pharmaceutical delivery program has revolutionized the way physicians and patients manage prescriptions. The company’s system offers a more precise and cost effective solution and is thus well positioned for the future of health care.”

About Beringea

Beringea is an international private equity and investment banking firm with offices in Detroit, Los Angeles, London and Shanghai. Beringea's funds invest in a range of small to medium sized companies with the potential for high growth and strong returns for investors. Beringea is the manager of funds including InvestMichigan! Growth Capital Fund, InvestCare Partners and Global Rights Fund II, among others. For more information on Beringea's private equity activities, visit www.beringea.com

About MedVantix

MedVantx is an innovative consumer medication management and delivery company committed to streamlining access, reducing costs and providing highly relevant information to benefit patients, physicians, health plans and manufacturers. The company's consumer medication management platform includes free initial prescription therapy at the point-of-care; a consumer helpline providing drug information and reimbursement assistance, and convenient consumer home delivery through its wholly-owned home delivery pharmacy subsidiary, AmeriPharm. The company provides full disclosure and transparency in pharmacy health care management by collaborating with managed care organizations and large employers. The MedVantx network has served more than 1.7 million consumers through an integrated network including 16 health plans, 18 manufacturers and 3,400 physicians. For more information about MedVantx, please visit www.medvantx.com or contact Scott Peterson at (858) 625-2990 x112.