# HealthGrowth Pharmacy Solutions

> HealthGrowth Pharmacy Solutions is an Austin, Texas company that gives independent community pharmacies a single ecosystem for capital, purchasing, and advisory support. Through direct lending (HealthGrowth Capital and PharmLine credit lines), a fast-growing group purchasing organization (HGRxGenesis), health-benefit programs (HGRxPreferred), bookkeeping, valuation, and buy/sell services (HealthGrowth Transitions), the firm helps owner-operated pharmacies improve margins, access working capital, and navigate programs like 340B and LTC@Home so they can compete against national chains.

- **Founded:** 2016
- **Headquarters:** Austin, Texas, United States
- **Founders:** Karl Kipke (Chief Executive Officer)
- **Team size:** ~22 employees
- **Products:** HealthGrowth Capital, PharmLine, HGRxGenesis, HGRxPreferred, HealthGrowth Advisors
- **Notable:** Closed $16.8 million in combined debt and equity financing in April 2020 to expand direct lending to community pharmacies., Built a multi-product ecosystem (lending, GPO, benefits, bookkeeping, valuation) focused solely on independent pharmacies., Registered the HEALTHGROWTH PHARMACY SOLUTIONS trademark (USPTO serial 90300646).

## Products & services

- **HealthGrowth Capital** — Direct lending arm offering working capital financing, SBA and long-term acquisition loans, asset-based loans, equipment finance, and debt refinancing for community pharmacies.
- **PharmLine** — Revolving lines of credit designed specifically for the cash-flow patterns of independent pharmacies.
- **HGRxGenesis** — A group purchasing organization (GPO) for drug procurement, described as one of the fastest-growing GPOs in the US, aiming to add roughly 2.5% to a pharmacy's gross profit margin.
- **HGRxPreferred** — A transparent group health-benefits program for small and mid-sized businesses; the company says the average pharmacy saves about 28%, or ~$44,500.
- **HealthGrowth Advisors** — Strategic advisory that streamlines operations, reconciles expenses, aggregates purchase volume, improves reimbursements, and navigates programs like 340B and LTC@Home.
- **HealthGrowth Financials** — Bookkeeping and financial back-office services for pharmacy owners.
- **HealthGrowth Transitions** — Pharmacy valuation and buy/sell facilitation for owners acquiring or exiting a location.
- **LTC Credentialing** — Support for long-term care accreditation and credentialing.

## Achievements

- Closed $16.8 million in combined debt and equity financing in April 2020 to expand direct lending to community pharmacies.
- Built a multi-product ecosystem (lending, GPO, benefits, bookkeeping, valuation) focused solely on independent pharmacies.
- Registered the HEALTHGROWTH PHARMACY SOLUTIONS trademark (USPTO serial 90300646).

## Latest updates

- **2020-04** — Closed $16.8M financing ($6.8M Series B equity plus $10M debt facility from Old Hill Partners) to scale direct lending to community pharmacies.

## Links

- Website: https://www.healthgrowth.com
- LinkedIn: https://www.linkedin.com/company/healthgrowth-pharmacy-solutions
- Instagram: https://instagram.com/healthgrowthpharmacysolutions
- Facebook: https://facebook.com/healthgrowthcapital

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Last updated: 2026-07-20