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Medagate Corporation is a privately-held, venture capital backed healthcare benefit company that specializes in over the counter card issuing. Medagate powers the OTCNetwork and is a wholly-owned subsidiary of InComm Holdings, Inc. Founded in 2009 by Jason Trinchero and Devin Wade, Medagate Corporation headquarters are located in San Carlos, California.
| Company Tags: | VC Backed |
| Year Founded: | 2009 |
| Fiscal Year End: | 12/31 |
| City: | San Carlos |
| State/Province: | California |
| Country: | United States |
| Website: | www.medagate.com |
| Parent Companies: | |
| Founders: | Devin Wade Jason Trinchero |
| Technology > Security Technology > Electronic Key Cards |
The PrivCo Industry Classification System™ (PICS) is our proprietary, modernized industry classification system, geared especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.
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| * | Medagate Corporation fiscal year end: 12/31 |
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$99 Single Company AccessInstant Full Site-Wide Access| Date | Status | Target | Buyer | Deal Type | Price | |
| Details | Feb. 2012 | Completed | View | View | Acquisition | View |
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$99 Single Company AccessInstant Full Site-Wide Access| Date | Investor | Round | Investor Type | |
| Jun. 2010 | View | A | Venture Capital | |
| Details | Total Round A View | |||
| Total of Funding Shown Above View | ||||
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$99 Single Company AccessInstant Full Site-Wide AccessMedgate Business Overview
Medagate Corporation powers the OTCNetwork and is a wholly owned subsidiary of InComm Holdings, inc., an issuer and processor of gift cards. OTCNetwork is a national Over-The-Counter benefits disbursement and redemption network for Medicare Advantage plans, State Medicaid programs and their members. Medagate was incorporated in 2009 and its headquarters are located in Redwood City, CA.As of December 2012, OTCNetwork acceptance has been integrated into Point-Of-Sale terminals in over 35,000 retail locations across the US.
OTCNetwork provides OTCMedicare and OTCMedicaid cards that allow the plans to load monthly benefits on the reloadable prepaid cards and distribute them among members. Members can then access the benefits at participating retailers using the prepaid cards, which automatically restricts spending to eligible items only. The network eliminates the confusion of eligible services and eases the process of reimbursement for members.
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PrivCo is the authority for financial & business data on major private companies, including:
| Private Companies | 209,188 |
| Private Investors | 12,032 |
| Private M&A Deals | 43,199 |
| VC/Funding Rounds | 36,122 |
| Total Data Points | 95,786,176 |
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