Catamaran and OptumRx to combine
Clients and individuals will benefit from enhanced services and cost trend management; combined organization expects to fulfill more than one billion scripts ---- Combining OptumRx's unique medical synchronization, information capabilities with Catamaran's technology leadership and flexible services will advance innovative value-added offerings ---- Creates business well-positioned to help customers manage growth in high-cost specialty pharmaceuticals
NEW YORK, NY and SCHAUMBURG, IL, March 30, 2015 - OptumRx and Catamaran Corporation [NASDAQ: CTRX, TSX: CCT], a leading provider of pharmacy benefit management ("PBM") services and technology solutions, announced today they have agreed to combine. OptumRx is UnitedHealth Group's [NYSE: UNH] free-standing pharmacy care services business.
The agreement calls for the acquisition of Catamaran's outstanding common stock for $61.50 per share in cash. The transaction is expected to close during the fourth quarter of 2015, subject to Catamaran shareholders' approval, regulatory approvals and other customary closing conditions. The combination diversifies OptumRx's customer and business mix, while accelerating its technology leadership and flexible service offerings.
- Published: 30 March 2015
- Written by Editor