In the wake of steep Medicaid cuts, “consolidation is the only way to survive,” says Cindy Jordan, the CEO of member activation company, Pyx Health.

Why it matters: Pyx expects to make more buys after acquiring nutrition-focused FarmboxRx in June, fueled by $47.5 million from S2G Investments.

Context: Axios spoke with Jordan about the challenges and opportunities the combined company sees after the passage of the One Big, Beautiful Bill Act.

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