Today’s issue of WorkCompRecap finishes off the week with some acquisition news in the PBM space with Catamaran’s recent announcement of its acquisition of Healthcare Solutions, which was included with Catamaran’s release of its 2014 financial results.
The cash transaction was valued at $405 million, and Catamaran noted that it expects Healthcare Solutions to generate roughly $35 million in annual EBITDA prior to any synergies. Following an integration period of 12-18 months after closing, Catamaran expects to realize around $10 million in annualized synergies. The deal is expected to close in Q2, and is subject to the usual closing conditions.
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