ARTICLE | Company News
OptumRx acquires Catamaran, consolidating PBMs
March 31, 2015 1:06 AM UTC
OptumRx Inc., the pharmacy benefit manager unit of UnitedHealth Group Inc. (NYSE:UNH), will acquire Catamaran Corp. (NASDAQ:CTRX; TSX:CCT) for $61.50 per share, or $12.8 billion in cash.
The combined company expects to fulfill about 1 billion prescriptions in 2015, ranking it behind the two largest PBMs, Express Scripts Holding Co. (NASDAQ:ESRX) and CVS Health Corp. (NYSE:CVS). Express Scripts expects to fulfill about 1.3 billion prescriptions this year; CVS Health said in December it expected to process 1.1 billion claims annually. ...