M&A Deal Summary

GSK Acquires Diversified Pharmaceutical Services

On May 1, 1994, GSK acquired healthcare services company Diversified Pharmaceutical Services from UnitedHealth for 2.3B USD

Acquisition Highlights
  • This is GSK’s 1st transaction in the Healthcare Services sector.
  • This is GSK’s 6th largest (disclosed) transaction.
  • This is GSK’s 1st transaction in the United States.
  • This is GSK’s 1st transaction in Montana.
Investment Fate
  • Diversified Pharmaceutical Services was divested to a consortium of strategic buyers in 1999 for 700M USD.

M&A Deal Summary
Date 1994-05-01
Target Diversified Pharmaceutical Services
Sector Healthcare Services
Buyer(s) GSK
Sellers(s) UnitedHealth
Deal Type Divestiture
Deal Value 2.3B USD

Target

Diversified Pharmaceutical Services

St. Louis, Montana, United States
Diversified Pharmaceutical Services, Inc.is a provider of pharmaceutical benefit management services.

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Buyer(S) 1

Buyer

GSK

Brentford, United Kingdom
Category Company
Founded 1715
Sector Life Science
Employees70,212
Revenue 30.3B GBP (2023)
DESCRIPTION
Entrance to a GlaxoSmithKline facility in Morristown, New Jersey.
Entrance to a GlaxoSmithKline facility in Morristown, New Jersey.

GSK is a multinational pharmaceutical, biologics, vaccines and consumer healthcare company. GSK was founded in 1715 and is based in Brentford, United Kingdom.

DEAL STATS #
Overall 1 of 32
Sector (Healthcare Services) 1 of 2
Type (Divestiture) 1 of 5
State (Montana) 1 of 1
Country (United States) 1 of 19
Year (1994) 1 of 1
Size (of disclosed) 6 of 28
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1995-01-26 Affymax

Cupertino, California, United States

Affymax is a biopharmaceutical company focused on anemia in kidney disease and cancer. Affymax was established in 2001 and is based in Cupertino, California.

Buy $533M

Seller(S) 1

SELLER

UnitedHealth

Minnetonka, Minnesota, United States
Category Company
Founded 1974
Sector Healthcare Services
Employees440,000
Revenue 371.6B USD (2023)
DESCRIPTION
UnitedHealth Group's corporate headquarters in Minnetonka, Minnesota.
UnitedHealth Group's corporate headquarters in Minnetonka, Minnesota.

UnitedHealth is a diversified healthcare company. With a suite of health benefits and services, the company serves millions of individuals, employers, and government organizations. UnitedHealth operates through two primary businesses: UnitedHealthcare, which offers a range of health insurance plans and services, and Optum, which provides healthcare solutions focused on improving healthcare delivery, affordability, and outcomes. Through its network of healthcare providers, advanced analytics, and technology-driven solutions, UnitedHealth looks to make healthcare more accessible, efficient, and patient-centered, ultimately transforming the way healthcare is delivered and experienced. UnitedHealth was formed in 1974 and is based in Minnetonka, Minnesota.

DEAL STATS #
Overall 1 of 2
Sector (Healthcare Services) 1 of 2
Type (Divestiture) 1 of 2
State (Montana) 1 of 1
Country (United States) 1 of 2
Year (1994) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1995-06-27 The MetraHealth Cos.

United States

The MetraHealth Cos., Inc. is a finances and administers health insurance plans.

Buy $1.7B
Mergr

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