M&A Deal Summary

MJH Life Sciences Acquires Pharmacy Benefit Management Institute

On April 2, 2020, MJH Life Sciences acquired education company Pharmacy Benefit Management Institute from Pharmaceutical Strategies Group

Acquisition Highlights
  • This is MJH Life Sciences’ 1st transaction in the Education sector.
  • This is MJH Life Sciences’ 2nd transaction in the United States.
  • This is MJH Life Sciences’ 1st transaction in Texas.

M&A Deal Summary

Date 2020-04-02
Target Pharmacy Benefit Management Institute
Sector Education
Buyer(s) MJH Life Sciences
Sellers(s) Pharmaceutical Strategies Group
Deal Type Divestiture

Target

Pharmacy Benefit Management Institute

Plano, Texas, United States
Pharmacy Benefit Management Institute is a provider of research and education that informs, advises and influences the industry on drug cost management. Pharmacy Benefit Management Institute is based in Plano, Texas.

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Buyer(S) 1

Buyer

MJH Life Sciences

Cranbury, New Jersey, United States

Category Company
Sector Media
DESCRIPTION

MJH Life Sciences is an independent, full-service medical media company in North America dedicated to delivering trusted health care news across multiple channels, providing health care professionals with the information and resources they need to optimize patient outcomes. MJH Life Sciences is based in Cranbury, New Jersey.


DEAL STATS #
Overall 2 of 7
Sector (Education) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 2 of 7
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-12 The Data Agency

Kansas City, Missouri, United States

Element LLC is a provider of data-driven technology to support sales and marketing solutions in the animal and oral health markets. Element is based in Kansas City, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-09 Pharmaceutical Commerce

New York, New York, United States

Healthcare Commerce Media Corp. is a publisher of Pharmaceutical Commerce. it established a wide audience among the professionals involved in manufacturing, distributing, and marketing pharmaceutical products, including the patient support services that now accompany many specialty products. Healthcare Commerce Media is based in New York.

Buy -

Seller(S) 1

SELLER

Pharmaceutical Strategies Group

Plano, Texas, United States

Category Company
Founded 1994
Sector Business Services
DESCRIPTION

Pharmaceutical Strategies Group assists plan sponsors and other payers in designing, implementing, and managing programs that maximize the value of pharmaceuticals in their population. The strategies employed by PSG consultants allow plan sponsors to gain control over their pharmacy benefit spend, facilitate population health management and position their program to successfully negotiate the pharmacy benefit challenges of the future. Pharmaceutical Strategies Group was formed in 1994 and is based in Plano, Texas.


DEAL STATS #
Overall 1 of 2
Sector (Education) 1 of 1
Type (Divestiture) 1 of 2
State (Texas) 1 of 2
Country (United States) 1 of 2
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-20 Artemetrx

Brentwood, Tennessee, United States

Artemetrx LLC specialty drug solutions provides analytics and cost management solutions that help plan sponsors manage their specialty drug spend across the pharmacy and medical benefit.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-12 Pharmaceutical Strategies Group - 340B Software-Enabled Service Business

Plano, Texas, United States

Pharmaceutical Strategies Group LLC - 340B Software-Enabled Service Business provides a comprehensive and differentiated suite of software-enabled services and solutions used by certain eligible hospitals, health systems, clinics, and entities to manage compliance and capture 340B drug cost savings on outpatient prescriptions filled through the eligible entity’s pharmacy or a contracted pharmacy partner.

Sell $225M