OptumRx, Catamaran Complete Combination

28-Jul-2015 - USA

Optum announced the completion of its combination with Catamaran Corporation. Catamaran and Optum’s pharmacy care services business, OptumRx, are expected to serve the needs of more than 65 million people and fulfill more than one billion prescriptions in 2015. The combination of Catamaran and OptumRx will operate as OptumRx.

“We are pleased to welcome the talented Catamaran team to OptumRx, and together we look forward to bringing uniquely powerful, combined pharmacy care service offerings to the marketplace,” said Larry Renfro, chief executive officer of Optum. “OptumRx is now exceptionally well-positioned to support and connect pharmacists, care providers, payers and patients in achieving the shared goals of improved health outcomes, better consumer experiences and lower costs.”

Under the terms of the agreement, all of the shares of Catamaran were acquired for $61.50 per share in cash.

Other news from the department business & finance

Most read news

More news from our other portals

Fighting cancer: latest developments and advances