Featured in Health Business Daily, Nov. 28, 2017

Magellan Health to acquire privately held PBM Veridicus Holdings, LLC for $74.5 million

Reprinted from DRUG BENEFIT NEWS, biweekly news and proven cost management strategies for health plans, PBMs, pharma companies and employers. Subscribe today!

December 9, 2016Volume 17Issue 23

Magellan Health, Inc. says it will acquire privately held PBM Veridicus Holdings, LLC for $74.5 million.

Founded in 2006, Veridicus conducts targeted patient interventions based on its integration of pharmacy, medical and lab data. It also owns and operates an insurance company that provides services to beneficiaries in the Medicare Part D Employer Group Waiver Plan program.

Veridicus, including CEO Doug Burgoyne, will be part of the Magellan Rx Management unit.

Magellan says it expects the deal to close this month.

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