Prescription Benefit Manager, TrueScripts, Becomes a Team Member Owned Company

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TrueScripts Management Services, a pharmacist-founded Prescription Benefit Management (PBM) company, proudly announces they are now Team Member Owned.

Metadata
Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Friday, December 15, 2023
Information
Tags: 
Health, Pharmaceutical, Team, Sale, Patient, BTA, Employee Stock Ownership Plan, Culture, PBM, ESOP, Management
Geotags: 
INDIANA, UNITED STATES, NORTH AMERICA
⚠ generated by AI ↴
Organisation: 
TRUESCRIPTS MANAGEMENT SERVICES, TRUESCRIPTS
Summary
Key Points: 
  • TrueScripts Management Services, a pharmacist-founded Prescription Benefit Management (PBM) company, proudly announces they are now Team Member Owned.
  • The company's transition to a Team Member Owned plan (also known as an Employee Stock Ownership Plan, or ESOP) turns more than 150 Team Members across the United States into company owners.
  • "Becoming a Team Member Owned Company means that each and every member of our dedicated team now has an even greater stake in our success.
  • The best way we knew how to do that was to make TrueScripts a Team Member Owned Company."


TrueScripts Management Services, a pharmacist-founded Prescription Benefit Management (PBM) company, proudly announces they are now Team Member Owned. The company's transition to a Team Member Owned plan (also known as an Employee Stock Ownership Plan, or ESOP) turns more than 150 Team Members across the United States into company owners.

"Becoming a Team Member Owned Company means that each and every member of our dedicated team now has an even greater stake in our success. We often say that ‘Amazing Care starts from within,’ and we strongly believe that a shared ownership model fosters collaboration, innovation, a sense of belonging, and a strong culture within our talented organization," said TrueScripts Founder Nathan Gabhart. "From the beginning, it has been our unspoken goal that everyone who works for TrueScripts leaves changed. This allows us to do that."

To assist in the transaction, TrueScripts hired Business Transition Advisors (BTA), a succession planning services provider that has helped more than 400 companies transition to ESOP. BTA's Managing Director, Rick Jaye, states, "In working with the owners and leaders of TrueScripts, a few things were clear: They deeply care about the organization and the people who help make it successful, they feel an overriding commitment to the community and customers they support, and they want to see the legacy of what they have built continue and not be dismantled or broken apart through an alternative sale."

When reflecting on the transaction, Rick says, "The unique beliefs and actions of the TrueScripts team resonated with myself and the BTA team in a very different way. These individuals hold themselves to a different standard, putting others they serve first." He says, "I spent time thinking about what this transaction truly meant, and the lyrics to a wonderful song came to mind: ‘You raise me up to more than I can be.’ I can think of no greater words to describe what this company and transaction mean to so many. All are better for what this does and how it will continue to support patients, families, businesses, and communities.”

TrueScripts has received many significant purchase offers over the years, but the owners have remained adamant about not selling out to another corporate entity. Company Co-Founder John Bell says, "We've been blessed many times over here at TrueScripts, and we (the Founders) want to make sure that this never – and I do mean never - goes away. The best way we knew how to do that was to make TrueScripts a Team Member Owned Company." In a message to the TrueScripts Team, Co-Founder Kevin Messmer adds, "We have always said, ‘We are blessed so that we can be a blessing to others.’ And now, it is our sheer joy to be a blessing to you. You are now the owners of TrueScripts!"

To sum things up, in the words of TrueScripts President and CEO Dean Merder, "The best is yet to come!"

About TrueScripts

TrueScripts Management Services is a pharmacist-founded PBM based on truth and transparency. Our mission is to build lasting relationships by providing prescription benefit management expertise at a personal and customized level to ensure optimum value at the lowest possible cost. We are committed to lowering prescription drug spend, achieving clinically enriched outcomes, and always delivering Amazing Care.

To learn more about the company and their mission, visit their website at www.truescripts.com

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