M&A Deal Summary

CVS Health Acquires Universal American - Medicare Prescription Drug Business

On December 31, 2010, CVS Health acquired healthcare services company Universal American - Medicare Prescription Drug Business from Universal American for 1.3B USD

Acquisition Highlights
  • This is CVS Health’s 2nd transaction in the Healthcare Services sector.
  • This is CVS Health’s 9th largest (disclosed) transaction.
  • This is CVS Health’s 6th transaction in the United States.
  • This is CVS Health’s 1st transaction in New York.

M&A Deal Summary

Date 2010-12-31
Target Universal American - Medicare Prescription Drug Business
Sector Healthcare Services
Buyer(s) CVS Health
Sellers(s) Universal American
Deal Type Divestiture
Deal Value 1.3B USD

Target

Universal American - Medicare Prescription Drug Business

White Plains, New York, United States
Universal American Corp. - Medicare Prescription Drug Business is a provider of healthcare services.

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Buyer(S) 1

Buyer

CVS Health

Woonsocket, Rhode Island, United States

website


Category Company
Founded 1996
Sector Healthcare Services
Employees219,000
Revenue 322.5B USD (2022)
DESCRIPTION
CVS Health office in Buffalo Grove, Illinois.
CVS Health office in Buffalo Grove, Illinois.

CVS Health operates retail pharmacies, walk-in medical clinics, and is a pharmacy benefits manager. The Company enables people, businesses, and communities to manage health in a variety of ways. CVS Health advises patients on medications at CVS/pharmacy locations, helps clients control costs at CVS/caremark, and delivers care through CVS/specialty and CVS/minuteclinic. CVS Health was founded in 1996 and is based in Woonsocket, Rhode Island.


DEAL STATS #
Overall 6 of 18
Sector (Healthcare Services) 2 of 6
Type (Divestiture) 2 of 6
State (New York) 1 of 1
Country (United States) 6 of 18
Year (2010) 1 of 1
Size (of disclosed) 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-13 Longs Drug Stores

Walnut Creek, California, United States

Longs has 521 drugstores in California, Hawaii, Nevada and Arizona and also operates Rx America, a prescription benefits management program that services more than 8 million members.

Buy $2.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-27 TheraCom

Rockville, Maryland, United States

TheraCom LLC is a provider of pre- and post-commercialization support services to the biopharmaceutical, device, diagnostic and vaccine manufacturing communities. Our mission is to provide superior solutions that will assure successful product commercialization, minimizing time to peak sales performance.

Sell $250M

Seller(S) 1

SELLER

Universal American

White Plains, New York, United States

website


Category Company
Founded 1981
Sector Healthcare Services
Employees1,500
Revenue 1.5B USD (2015)
DESCRIPTION

Universal American is a provider of health care products and services.


DEAL STATS #
Overall 2 of 5
Sector (Healthcare Services) 1 of 3
Type (Divestiture) 2 of 5
State (New York) 1 of 3
Country (United States) 2 of 5
Year (2010) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-27 CHCS Services

Pensacola, Florida, United States

CHCS Services is a provider of underwriting, claims management or complete Senior administrative solutions. CHCS Services is based in Pensacola, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-02 Kepro

Nashville, Tennessee, United States

Kepro is a quality improvement and care management organization that offers innovative and outcomes-focused solutions to reduce the utilization of healthcare resources and optimize the quality of care for government and private sector clients. Kepro's comprehensive, member-centric care management solutions go far beyond traditional utilization and case management by coordinating the care provided to members with acute, chronic and complex conditions across the continuum, and identifying members who are at the highest risk for future services but have not yet had an acute event. Kepro was founded in 1985 and is based in Nashville, Tennessee.

Buy $228M