PBM Sold

Popular insurance companies started to put their PBMs on the auctions regularly.

The last one to announce its pharmacy benefits management business shares for sale was WellPoint Inc. The company is famous as the fourth largest business of the United States, so having its shares will certainly benefit their owner. It is said that the value of such business is absolutely worth of $1 billion to five times that amount. The deal seemed to be done between the company and a person close to its surrounding. Anyway, WellPoint does not comment on specific mergers and acquisitions opportunities or rumors. Health insurers endured a tough 2008 which passed with profit warnings and questions about their financial positions in the shaky economy. Analysts warn the companies may be pressured to spin off their units if their shares continued to languish. Besides, some independent PBMs such as Medco and Express Scripts, are valued much more highly by the market.

Tags: pbm, WellPoint Inc., insurance, auction, insurance companies, shares, benefits, large business, mergers, acquisitions, rumors, warnings, phamacy benefits management

Published July 31st, 2011 by .Viagra-Drug. · Finances

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