M&A Deal Summary

Caremark Rx Acquires AdvancePCS

On September 2, 2003, Caremark Rx acquired healthcare services company AdvancePCS for 6.0B USD

Acquisition Highlights
  • This is Caremark Rx’s 2nd transaction in the Healthcare Services sector.
  • This is Caremark Rx’s largest (disclosed) transaction.
  • This is Caremark Rx’s 2nd transaction in the United States.
  • This is Caremark Rx’s 1st transaction in Texas.

M&A Deal Summary
Date 2003-09-02
Target AdvancePCS
Sector Healthcare Services
Buyer(s) Caremark Rx
Deal Type Merger
Deal Value 6.0B USD

Target

AdvancePCS

Irving, Texas, United States
AdvancePCS is an independent provider of health improvement services. AdvancePCS offers health plans a wide range of health improvement products and services designed to improve the quality of care delivered to health plan members and manage costs.

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Buyer(S) 1

Buyer

Caremark Rx

Nashville, Tennessee, United States
Category Company
Founded 1993
Sector Healthcare Services
Employees13,360
DESCRIPTION

Caremark Rx LLC provides healthcare services.

DEAL STATS #
Overall 2 of 2
Sector (Healthcare Services) 2 of 2
Type (Merger) 1 of 1
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2003) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 Choice Source Therapeutics

Montgomery, Alabama, United States

Choice Source Therapeutics is a specialty pharmacy dispensing high dollar biological medications such as Hemophilia clotting factors.

Buy $49M
Mergr

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