Printer Friendly

UnitedHealth's OptumRx Closes USD 12.8bn Acquisition of Catamaran.

M2 EQUITYBITES-July 24, 2015-UnitedHealth's OptumRx Closes USD 12.8bn Acquisition of Catamaran


24 July 2015 - US-based health insurer UnitedHealth Group's (NYSE: UNX) OptumRX pharmacy care services unit has closed its USD 12.8bn cash acquisition of US-based pharmacy benefits manager Catamaran Corp., the company said.

The deal was announced on 30 March.

Catamaran and Optum's pharmacy care services business, OptumRx, are expected to serve the needs of more than 65 m people and fulfill more than one bn prescriptions in 2015.

The combination of Catamaran and OptumRx, which will operate as OptumRx, offers scaled, innovative pharmacy care services driving unmatched value to clients and consumers.

OptumRx's synchronized health care experience goes well beyond traditional pharmacy benefits management by integrating Optum's data and analytics and connecting pharmacy care with a person's overall health benefits and care management.

Under the terms of the agreement, all of the shares of Catamaran were acquired for USD 61.50 per share in cash, with all shares of Catamaran expected to be delisted from the NASDAQ and from the Toronto Stock Exchange shortly.

In connection with the completion of the acquisition, Catamaran repaid in full and terminated its existing credit facility.

OptumRx is an innovative pharmacy care services company managing the prescription drug benefits of commercial, Medicare, Medicaid and other government health plans, as well as those of employers and unions.

((Comments on this story may be sent to

COPYRIGHT 2015 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2015 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 EquityBites (EQB)
Date:Jul 24, 2015
Previous Article:Middlesex Water Company's board approves USD0.1925 per share dividend.
Next Article:K-VA-T Food Stores to Acquire 29 Chattanooga-area BI-LO Supermarkets from Southeastern Grocers.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters