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Hospital & Medical Practitioners M&A image Hospital & Medical Practitioners M&A » By The Online Investor Staff, updated Fri., Mar. 29, 2:11 AM Recent mergers and acquisitions in the Hospital & Medical Practitioners M&A category.

Slide #21. Magellan Health Services Inc. Partners Rx

Acquirer: Magellan Health Services Inc. (MGLN)
Acquiree: Partners Rx
Details: Magellan Health Services Inc. announced that it has entered into an agreement to acquire Partners Rx, a privately held, full-service commercial pharmacy benefits management company (PBM) with a strong focus on health plans and self-funded employers, sold primarily through third party administrators (TPAs), consultants and brokers. The company has more than 300,000 core commercial PBM covered lives and anticipated 2013 revenue of approximately $240 million. The consideration of $100 million will be paid by Magellan from existing cash on hand. Certain principal owners of Partners Rx have subscribed, conditioned upon closing of the transaction, to purchase a total of $10 million in Magellan restricted common stock, which will be subject to vesting over a three-year period. Closing of the transaction is expected in the fourth quarter of 2013 and is subject to the expiration of the Hart-Scott-Rodino Antitrust Act waiting period and other customary closing conditions.

Magellan Health provides managed care services for some of the areas of healthcare. Co. provides services to health plans and other managed care organizations, employers, labor unions, various military and governmental agencies and third-party administrators. Co. operates the following segments: Healthcare, which includes Behavioral and Specialty Healthcare reporting unit that provides carve-out management services for behavioral health, employee assistance plans and other areas of healthcare; and Pharmacy Management, which is comprised of services that provide clinical and financial management of pharmaceuticals paid under both the medical and the pharmacy benefit.

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Company Name:  Magellan Health Inc.
Website:  www.magellanhealth.com
Sector:  Hospital & Medical Practitioners
 

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March 29, 2024    2:11 AM Eastern
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Hold (2.00 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)

Analysts' Target Price:
MGLN Stock Forecast

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