How Much Did Summit Pharmacy Raise?
Funding & Key Investors

Summit Pharmacy has secured $965K in total capital, with its most recent financing round bringing in $615K in a major strategic investment. This significant backing underscores the company's established presence and growth trajectory within its sector.

What is Summit Pharmacy?

Summit Pharmacy
RetailDrug Stores & Pharmacies

Summit Pharmacy, formerly known as TrustRx, operates as a premier workers' compensation pharmacy. The company specializes in the efficient delivery of doctor-prescribed medications to injured workers, auto accident victims, and other individuals, aiming to eliminate worry, expense, and delay. TrustRx emphasizes client dignity and respect, ensuring prompt responses from real personnel. The organization manages claims for thousands of patients and collaborates with numerous attorneys and physicians across the United States, streamlining the prescription acquisition process for all stakeholders.

How much funding has Summit Pharmacy raised?

Summit Pharmacy has raised a total of $965K across 2 funding rounds:

2020

Debt

$350K

2021

Debt

$615K

Debt (2020): $350K with participation from PPP

Debt (2021): $615K led by PPP

Key Investors in Summit Pharmacy

PPP

Public-Private Partnership

PPP

Public-Private Partnership

What's next for Summit Pharmacy?

The substantial enterprise-level funding indicates Summit Pharmacy is poised for significant expansion and operational enhancement. This capital infusion is likely to fuel strategic initiatives, potentially including technological advancements in claims processing, broader geographic reach, and enhanced service offerings to better support injured workers and their medical and legal partners. The company's focus on efficiency and client care suggests a continued commitment to solidifying its market position through operational excellence and strategic partnerships.

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Frequently Asked Questions Regarding Summit Pharmacy Financial Insights

What are the most recent funding rounds that Summit Pharmacy has completed, and what were the funding rounds?
Summit Pharmacy has recently completed 2 funding rounds: Debt on Feb 4, 2021, Debt on May 3, 2020.
What is the total amount of funding Summit Pharmacy has raised to date?
Summit Pharmacy has raised a total of $965K in funding to date.
How many funding rounds has Summit Pharmacy completed?
Summit Pharmacy has completed 2 funding rounds.
How much funding did Summit Pharmacy raise in its most recent funding round?
Summit Pharmacy raised $615K in its most recent funding round.
Who are the lead investors in Summit Pharmacy's latest funding round?
The lead investor in Summit Pharmacy's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Summit Pharmacy's history?
The largest funding round in Summit Pharmacy's history was $615K.
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