UnitedHealth Group acquires Catamaran for $ 12.8 Billion

UnitedHealth Group acquires Catamaran for $ 12.8 Billion

UnitedHealth Group acquires Catamaran for $ 12.8 Billion

UnitedHealth Group, biggest US managed care company with market share more than 11 % of market share by Bloomberg, is buying Catamaran Corporation in cash deal for $ 13 Billion.

 UnitedHealth will pay $61.50 a share for Catamaran, it represents 27 percent premium over Friday’s closing price.

 Catamaran, with headquarters in Schaumburg, Illinois will be combined with UnitedHealth’s pharmacy services business, OptumRx.

 In 2012, merger of SXC Health Solutions and PBM Catalyst Health Solutions formed Catamaran, which helps to reduce their prescription drug costs.

 The combined company will compete against other big pharmacy benefits managers, including Express Scripts and CVS Caremark.

“We believe this combination will create significant value for health plan, government, third-party administrator and employer customers and, most importantly, the individual consumers who depend on us for accurate, affordable and convenient pharmacy benefit products and services,” Larry Renfro, CEO of Optum, said in a statement.

Chairman and CEO of Catamaran Mark Thierer will become chief executive of OptumRX, while Timothy Wicks, current CEO of OptumRX will become president.

Mr. Stakebay says:

 Catamaran manages one in every five prescription claims in the United States – 400 million presriptions each year on 35 million people. The deal would add to 30 cent a share to its net earnings in 2016.

 

CEO of UnitedHealth Group……………… STEPHEN J. HEMSLEY……..(2006-present)……..$ 12 073 284 (2013)

Chairman and CEO of Catamaran…………..MARK A. THIERER………..(2013-present)……..$ 14 787 000 (2014)

 

UNITEDHEALTH GROUP

CATAMARAN

Revenue

$ 130.474 Billion (2014)

$ 21.581 Billion (2014)

Operating income

$ 10.274 Billion (2014)

$ 569.0 Million (2014)

Profit

$ 5.619 Billion (2014)

$ 317.293 Million (2014)

Total assets

$ 86.382 Billion (2014)

$ 9.324 Billion (2014)

Total Equity

$ 32.454 Billion (2014)

$ 5.279 Bilion (2014)

Employees

170 000 (2014)

4 500 (2014)

 

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