Is Catamaran now OptumRx?
Catamaran Corporation (formerly SXC Health Solutions) is the former name of a company that now operates within UnitedHealth Group’s OptumRX division (since July 2015). On March 30, 2015, it was announced that Catamaran will be acquired by OptumRx (A UnitedHealth Group company).
Who bought catamaran?
UnitedHealth Group
UnitedHealth Group has agreed to buy Catamaran Corp., a publicly traded pharmacy benefits manager, for almost $12.8 billion in cash.
Who bought OptumRx?
The acquisition bolsters the industry giant as a threat to more than just one sector of the industry. UnitedHealth Group has executed on a series of deals over the years to bolster its Optum business, which is divided into three units: OptumInsight, OptumRx and OptumHealth.
Did UnitedHealthcare buy OptumRx?
OptumRx and BriovaRx are subsidiaries of UnitedHealth Group. Health Plan coverage provided by or through a UnitedHealthcare company.
Who was catamaran PBM?
OptumRx and Catamaran Corporation [NASDAQ: CTRX, TSX: CCT], a leading provider of pharmacy benefit management (“PBM”) services and technology solutions, announced today they have agreed to combine. OptumRx is UnitedHealth Group’s [NYSE: UNH] free-standing pharmacy care services business.
Who owns SXC Health Solutions?
OptumRx
UnitedHealth Group
Catamaran Corporation/Parent organizations
What is Rxclaim?
RXCLAIM is providing Computer software for use by prescription benefit managers for facilitating remote access to online information regarding online medical prescription claim adjudication.
What kind of insurance is SXC Health Solutions?
SXC Health Solutions Corp. is a leading provider of pharmacy benefits management (PBM) services and Health Care Information Technology (HCIT) solutions to the healthcare benefits management industry.
Who bought InterQual?
While UHC framed its decision as a response to provider requests, it coincides with the recent purchase of Change Healthcare, which maintains the InterQual Criteria, by Optum, the healthcare analytics company owned by UHC’s parent company, UnitedHealth Group.
Does optum own diplomat?
UnitedHealth Group’s Optum group is acquiring Diplomat Pharmacy in a $300 million deal. Diplomat, a provider of specialty pharmacy and infusion services, had been struggling to compete with larger pharmacy benefits companies and saw its stock value drop 57% in 2019.
Does Walgreens own OptumRx?
OptumRx is UnitedHealth Group’s [NYSE: UNH] free-standing pharmacy care services business, managing more than one billion prescriptions annually. Walgreens is one of the nation’s largest drugstore chains and part of the Retail Pharmacy USA Division of Walgreens Boot Alliance, Inc.
What pharmacy does OptumRx use?
BriovaRx
BriovaRx is the OptumRx specialty pharmacy.
How many prescriptions does OptumRx and catamaran have?
In 2015 Catamaran expects to fulfill more than 400 million prescriptions which, combined with OptumRx’s roughly 600 million annual scripts, will enable the combined entity to be a competitive force in the PBM industry.
How is the OptumRx acquisition going for UnitedHealth Group?
The combination diversifies OptumRx’s customer and business mix, while accelerating its technology leadership and flexible service offerings. The acquisition is expected to be accretive to UnitedHealth Group’s net earnings in the area of $0.30 per share in 2016.
Who is the current Chief Executive Officer of OptumRx?
Upon closing, Mark Thierer, Catamaran’s chairman and chief executive officer, will serve as chief executive officer of OptumRx and Timothy Wicks, the current chief executive officer of OptumRx, will become president.
When is the acquisition of catamaran going to happen?
The agreement calls for the acquisition of Catamaran’s outstanding common stock for $61.50 per share in cash. The transaction is expected to close during the fourth quarter of 2015, subject to Catamaran shareholders’ approval, regulatory approvals and other customary closing conditions.
