M&A Deal Summary

Envision Pharmaceutical Services Acquires MedTrak Services

On July 30, 2014, Envision Pharmaceutical Services acquired medical products company MedTrak Services

Acquisition Highlights
  • This is Envision Pharmaceutical Services’ 1st transaction in the Medical Products sector.
  • This is Envision Pharmaceutical Services’ 2nd transaction in the United States.
  • This is Envision Pharmaceutical Services’ 1st transaction in Kansas.

M&A Deal Summary
Date 2014-07-30
Target MedTrak Services
Sector Medical Products
Buyer(s) Envision Pharmaceutical Services
Deal Type Add-on Acquisition

Target

MedTrak Services

Overland Park, Kansas, United States
MedTrak Services is an independent pharmacy benefit management (PBM) company, and ranks among the top 30 PBM companies in the country. Managing pharmacy benefits for small to mid-sized self-insured employers, MedTrak processes more than 3.5 million claims annually. Headquartered in Overland Park, Kansas, MedTrak offers turnkey PBM services, from custom plan design to proactive plan management including data security and access to numerous pharmacy networks, including retail, mail order and specialty. With a vigilant eye on prescription drug industry trends and a strong belief in the value of consumer education, MedTrak is continually developing innovative solutions designed to control both pharmacy benefit and total health care benefit costs.

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Buyer(S) 1

Buyer

Envision Pharmaceutical Services

Twinsburg, Ohio, United States
Category Company
Founded 2001
Sector Medical Products
DESCRIPTION

Envision Pharmaceutical Services, Inc. is a full-service pharmacy benefit management (PBM) company. EnvisionRx also offers fully integrated mail-order and specialty pharmacy services through Orchard Pharmaceutical Services; access to the nation's largest cash pay infertility discount drug program via Design Rx; an innovative claims adjudication software platform in Laker Software; and a national Medicare Part D prescription drug plan through Envision Insurance Company's EnvisionRx Plus product offering.

DEAL STATS #
Overall 2 of 2
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Kansas) 1 of 1
Country (United States) 2 of 2
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-03 Laker Software

Lakeville, Minnesota, United States

Laker Software was founded in 2000 by experienced pharmacy claims industry executives with a simple idea: take advantage of the latest technologies, build a modular and scalable system, and partner with customers to provide the flexibility and reliability necessary to help them win in every segment of the PBM market.

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