Medco Snaps up Polymedica
August 28, 2007
It looks Polymedica of Liberty Medical Supply fame has been acquired by Medco Health Solutions, a giant pharmacy benefit manager co. The press release starts as follows:
Medco Health Solutions, Inc. (NYSE:MHS), and PolyMedica Corporation (NASDAQ:PLMD) today announced a definitive agreement under which Medco will acquire PolyMedica in an all-cash transaction valued at $53 per share, or $1.5 billion. The combination of America ’s leading advanced pharmacy practice with the leading source for diabetes services and supplies creates the nation’s premier provider of comprehensive diabetes care and treatment.
I’m sure the health blogosphere will be alive with buzz about this. Any thoughts from my fellow WordPressians?
