Oasis Santurce is an urban campus designed to drive innovation in health care and technology in Puerto Rico.
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The new Abarca Health center represents a firm bet on Puerto Rico's future, conceived as a space where creativity and technology will come together to develop the next generation of health care solutions, said Jason Borschow, CEO of Abarca Health.
"With this investment, we reaffirm our commitment to Puerto Rico's economic development, creating new job opportunities in technology and health, and strengthening our position as an internationally recognized innovation hub"
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Jason Borschow, CEO of Abarca Health.
The complex is designed as a meeting point for strategic sectors, fostering partnerships with high-impact innovation organizations such as Red Ventures, Xtillion and Endeavor.
The company does not rule out Oasis serving as an allied center for universities in Puerto Rico and emerging businesses.
Its facilities include collaborative spaces, specialized areas for the research and development of health care technology, and an environment aimed at supporting the island's entrepreneurial community.
At scale from the heart of Santurce
Beyond its business function, Oasis Santurce incorporates an important cultural component by housing the Teatro Shorty Castro, home of the Teatro Breve collective.
The space also features an art exhibition showcasing works by local creators, with murals by Andrés Cortés and curatorial work by Colectivo Contrabando.
The campus opening coincides with Abarca Health's 20th anniversary. The company has expanded its operations in the pharmacy benefits industry through advanced technology and a business model centered on efficiency and transparency.
Since its founding in 2005, the company has developed technologies such as RxTarget, a platform that uses artificial intelligence to improve treatment adherence, and Darwin, a system that optimizes pharmacy claims processing.
With nearly 900 employees, Abarca maintains its track record of growth and investment in innovation, focusing on developing solutions that optimize benefits management and improve the experience of both patients and health care providers.
Abarca Health's history: 20 years of innovation
2005
Founding
Abarca is established with a mission to transform the PBM industry.
2014
Innovation
Launch of RxTarget, an AI-powered adherence improvement platform.
2018
Recognition
First PBMI Excellence Award for leadership in health care management.
2020
Adaptation
Expansion of home delivery and specialty pharmacy services during the pandemic.
2021
Talent
Recognition as one of the best employers by Kincentric and Computerworld.
2022
Vision
Launch of Abarca Forward, a leadership initiative on the future of health.
2024
Growth
Surpasses $14 billion in managed drug spending.
2025
Expansion
Opening of Oasis Santurce, a new urban innovation campus.
Its clients include insurers such as Blue Shield of California and PerformRx in the United States, as well as FirstMedical, MMM and the Administración de Seguros de Salud (ASES) in Puerto Rico. It also manages pharmacy benefits for companies such as Eli Lilly, Evertec and Popular.
Abarca, like PlateaPR, is part of Forward, an innovation and technology platform dedicated to catalyzing Puerto Rico's advancement, co-founded by Red Ventures CEO Ric Elías.
This content was translated with the assistance of Artificial Intelligence (AI).
