Tag Archives: pbm

December, 2018

13 December
Amgen And Magellan Rx Management Collaborate To Improve Patient Care For Chronic, Difficult-To-Treat Conditions

THOUSAND OAKS, Calif., Dec. 11, 2018 /PRNewswire/ — Amgen (NASDAQ: AMGN) today announced a novel multi-year collaboration with Magellan Rx Management, the pharmacy benefit management division of Magellan Health, that will leverage each company’s capabilities and resources to identify clinical gaps for some of the healthcare system’s most difficult-to-treat diseases. …
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31 May
WellCare to Acquire Meridian for $2.5 Billion

TAMPA, Fla., May 29, 2018 /PRNewswire/ — WellCare Health Plans, Inc. (NYSE: WCG) announced today that it has entered into a definitive agreement to acquire Meridian Health Plan of Michigan, Inc., Meridian Health Plan of Illinois, Inc., and MeridianRx, a pharmacy benefit manager (PBM), (collectively, “Meridian”) for $2.5 billion in …
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1 May
Diplomat Launches CastiaRx, Industry-Leading Specialty Benefit Manager

FLINT, Mich., April 30, 2018 /PRNewswire/ — Diplomat Pharmacy, Inc. (NYSE: DPLO), has unveiled CastiaRx to respond to industry demand for a leader in specialty benefit management. CastiaRx unites the full-service pharmacy benefit manager (PBM) capabilities of recently acquired LDI Integrated Pharmacy Services and National Pharmaceutical Services with Diplomat’s specialty …
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16 November
Diplomat to Acquire LDI Integrated Pharmacy Services

FLINT, Mich., Nov. 15, 2017 /PRNewswire/ — Diplomat Pharmacy, Inc. (NYSE: DPLO), has entered into a definitive agreement to acquire Leehar Distributors, LLC, doing business as LDI Integrated Pharmacy Services (LDI), from investment firms Nautic Partners, LLC and Oak HC/FT Partners LLC, and management. The transaction is expected to close …
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11 October
Express Scripts Acquires eviCore for $3.6 Billion, Accelerating its Shift to Patient Benefit Management

LOUIS and BLUFFTON, S.C., Oct. 10, 2017 /PRNewswire/ — Express Scripts Holding Company (NASDAQ: ESRX) today announced that it has reached an agreement to acquire privately-held eviCore healthcare, the industry leader in evidence-based medical benefit management services, for $3.6 billion. Combining Express Scripts’ leading pharmacy benefit management offering and eviCore’s …
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3 April
Medical Pharmacy Trend Report Highlights Member and Payer Impact of High-Cost Specialty Drugs Billed on the Medical Benefit

SCOTTSDALE, Ariz.–(BUSINESS WIRE)– Magellan Rx Management, the pharmacy benefit management (PBM) division of Magellan Health, Inc. (NASDAQ: MGLN) today released its seventh annual Medical Pharmacy Trend Report, which continues to be a leading source for payers and other industry stakeholders to analyze high-cost injectable drugs paid under the medical benefit. …
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27 September
Prime Therapeutics Research Finds Nearly Half of Members Discontinue Costly RA Drug After One Year

ST. PAUL, MINN. – Sept. 27, 2016 – Prime Therapeutics LLC (Prime), a pharmacy benefit manager serving over 22 million members nationally, analyzed members’ use of rheumatoid arthritis (RA) drug tofacitinib (Xeljanz®) to find patterns and adherence behaviors. While use of the drug had been low (one member per 100,000 …
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29 August
Walgreens and Prime Therapeutics Form Strategic Alliance Aimed at Lowering Costs and Improving Outcomes

Deerfield, Ill. and St. Paul, Minn. – Aug. 29, 2016 – Walgreens and Prime Therapeutics (Prime), a pharmacy benefit manager (PBM), today announced a long-term strategic alliance that includes a new retail pharmacy network agreement and the combination of the companies’ central specialty pharmacy and mail service businesses. The alliance …
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23 February
CVS Health Reports Drop in Prescription Drug Trend to 5 Percent

WOONSOCKET, R.I., Feb. 23, 2016 /PRNewswire/ –CVS Health (NYSE: CVS) today announced that prescription drug trend, a measure of growth in prescription spending, for CVS Health pharmacy benefit management (PBM) clients dropped dramatically to 5 percent in 2015 from a high of 11.8 percent in 2014. While the trend drivers …
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30 March
UnitedHealth to Acquire Pharmacy Benefit Manager Catamaran for $12.8 Billion

Today, health insurer UnitedHealth Group Inc. agreed to acquire pharmacy benefit manager (PBM) Catamaran Corp. for about $12.8 billion. Catamaran, the fourth-largest PBM in the US by volume of prescriptions processed, will be merged into OptumRx, UnitedHealth Group’s free-standing pharmacy care services business. UnitedHealth will pay $61.50 per share in …
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