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Medco to acquire United BioSource

August 16, 2010 11:59 PM UTC

Pharmacy benefit manager Medco Health Solutions Inc. (NYSE:MHS) will acquire United BioSource Corp. (Bethesda, Md.) for about $730 million in cash. Medco said the deal expands its capabilities in data analytics and research, adding United BioSource's safety and risk management services and its health economics and outcomes research. United BioSource conducts post-approval research for drugs and devices, including prospective safety studies, risk evaluation and mitigation studies, cost-benefit and cost-effectiveness evaluations, and epidemiologic studies. The companies said United BioSource expects $280 million in 2010 revenues. ...