Foundation Health Secures $20M to Scale AI-Powered Pharmacy Tech
Slice of Healthcare Team
10/13/2025
Key highlights
- $20M Series A led by Define Ventures, bringing total funding to $26M
- Launch of PAIGE AI, automating pharmacy workflows and reducing care team workload by up to 75%
- Used by Intermountain and Hackensack Meridian Health to streamline specialty pharmacy services
- Scalable, AI-native infrastructure improving patient adherence and clinical efficiency
- Funding to expand sales, ops, and platform development for health systems and D2C brands
Source: GlobeNewswire
Notable Quotes
“ Pharmacy's operational backbone hasn’t evolved to meet today’s patient expectations or system-level complexity. ”
Umar Afridi, Founder and CEO at Foundation Health
“ Foundation Health is redefining what the pharmacy experience should look like in modern healthcare. ”
Lynne Chou O’Keefe, Founder and Managing Partner at Define Ventures
“ This collaboration will help us streamline our administrative tasks, allowing us to focus more on what truly matters—our patients. ”
Eboney Hadnott, Network Director at Hackensack Meridian Health
Why This Matters
The U.S. healthcare system is under immense pressure to enhance efficiency and improve patient outcomes. Foundation Health’s $20M Series A funding, and its robust AI-powered platform PAIGE, represent a significant leap in modernizing pharmacy infrastructure—traditionally a bottleneck in care delivery. With growing demand from health systems and direct-to-consumer organizations, Foundation Health is well-positioned to reduce administrative burdens, streamline workflows, and elevate patient care. This investment not only validates the urgent need for tech-enabled solutions in healthcare but also marks a pivotal shift toward AI-native platforms capable of scaling compassionate, effective care.
Foundation Health
Define Ventures
Hackensack Meridian Health
