M&A Deal Summary

Magellan Health Acquires Partners Rx Management

On October 1, 2013, Magellan Health acquired healthcare services company Partners Rx Management

Acquisition Highlights
  • This is Magellan Health’s 2nd transaction in the Healthcare Services sector.
  • This is Magellan Health’s 3rd transaction in the United States.
  • This is Magellan Health’s 1st transaction in Arkansas.

M&A Deal Summary
Date 2013-10-01
Target Partners Rx Management
Sector Healthcare Services
Buyer(s) Magellan Health
Deal Type Add-on Acquisition

Target

Partners Rx Management

Scottsdale, Arkansas, United States
Partners Rx®, a privately held, full-service commercial pharmacy benefits management company (PBM) with a strong focus on health plans and self-funded employers, sold primarily through third party administrators (TPAs), consultants and brokers.

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Buyer(S) 1

Buyer

Magellan Health

Phoenix, Arizona, United States
Category Company
Founded 1969
Sector Healthcare Services
Revenue 7.2B USD (2019)
DESCRIPTION
Entrance to Magellan's office in Columbia, Maryland.
Entrance to Magellan's office in Columbia, Maryland.

Magellan Health, Inc. is a provider of managed behavioral healthcare services, radiology benefit management services, and specialty pharmaceutical management services. Magellan Health was formed in 1969 and is based in Scottsdale, Arizona.

DEAL STATS #
Overall 3 of 10
Sector (Healthcare Services) 2 of 9
Type (Add-on Acquisition) 2 of 9
State (Arkansas) 1 of 1
Country (United States) 3 of 10
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-05 First Health Services

United States

First Health Services Corporation provides pharmacy benefits administration, health care management, and IT services to state Medicaid programs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-01 CDMI

Newport, Rhode Island, United States

CDMI, LLC, a privately-held company that provides a range of clinical consulting programs and negotiates and administers drug rebates for managed care organizations (MCO) and other customers.

Buy $205M
Mergr

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