Private Equity Firms Sell 2 PBMs in February

Two private equity firms have sold pharmacy benefit management companies this month, marking the latest in a string of consolidations in the space. Catamaran, the fourth-largest pharmacy benefit manager in the nation, has agreed to purchase HealthCare Solutions for $405 million in a deal that company executives hope to close in the second quarter of 2015, according to a Thursday press release. The deal went public on the heels of an even larger transaction – on Feb. 11, Rite Aid announced that it was purchasing the PBM EnvisionRx for $2 billion. Mark Thierer, chief executive offic...