M&A Deal Summary |
|
|---|---|
| Date | 1998-11-18 |
| Target | PCS Health Systems |
| Sector | Healthcare Services |
| Buyer(s) | Rite Aid |
| Sellers(s) | Lilly |
| Deal Type | Divestiture |
| Deal Value | 1.5B USD |
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Rite Aid is a drugstore chain with approximately 4,600 stores in 31 states and the District of Columbia. Rite Aid was founded in 1962 and is based in Camp Hill, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 12 |
| Sector (Healthcare Services) | 1 of 3 |
| Type (Divestiture) | 1 of 1 |
| State (Arizona) | 1 of 1 |
| Country (United States) | 7 of 12 |
| Year (1998) | 1 of 1 |
| Size (of disclosed) | 3 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1997-07-21 |
Harco
Tuscaloosa, Alabama, United States Harco, Inc. is a retail drug store company. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2000-07-12 |
PCS Health Systems
Scottsdale, Arizona, United States PCS Health Systems, Inc. is a pharmacy benefit manager, providing drug and health management solutions for health plans and patients. As America's premier pharmaceutical care system, PCS works to encourage proper drug use and helps to lower the cost of drugs for its clients. PCS manages and monitors approximately 300 million individual prescriptions each year representing $10 billion in drug expenditures. |
Sell | $1.0B |
| Category | Company |
|---|---|
| Founded | 1876 |
| Sector | Life Science |
| Employees | 39,000 |
| Revenue | 28.5B USD (2022) |
Lilly and Company discovers, develops, manufactures, and markets products in two business segments—human pharmaceutical products and animal health products. The mission of its human pharmaceutical business is to make medicines that help people live longer, healthier, more active lives. Most of the products Eli Lilly sells were discovered or developed by its own scientists, and the Company's success depends to a great extent on its ability to continue to discover, develop, and bring to market innovative new medicines. Eli Lilly's animal health business, operating through its Elanco division, develops, manufactures, and markets products for both food animals and companion animals. Eli Lilly manufactures and distributes its products through facilities in the US, Puerto Rico, and 11 other countries. Eli Lilly was originally incorporated in 1876 and is based in Indianapolis, Indiana.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 9 |
| Sector (Healthcare Services) | 1 of 1 |
| Type (Divestiture) | 3 of 8 |
| State (Arizona) | 1 of 1 |
| Country (United States) | 4 of 9 |
| Year (1998) | 1 of 1 |
| Size (of disclosed) | 1 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1995-01-06 |
Pacific Biotech
San Diego, California, United States Pacific Biotech, Inc., is a developer and marketer of rapid diagnostic tests for the detection of pregnancy and infectious diseases such as strep throat, vaginal infections and mononucleosis. |
Sell | $4M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2000-04-06 |
Kinetra
Nashville, Tennessee, United States Kinetra LLC is a provider of clinical document distribution solutions and administrative transactions to IDNs, large hospitals and payors. |
Sell | - |
