SXC Health Solutions Corp. signed a definitive agreement to acquire HealthTrans, a middle-market pharmacy benefit management and health information technology company, for $250 million in cash.
SXC to buy PBM, IT company HealthTrans
The acquisition is the second PBM deal for SXC Health Solutions in recent months. The Lisle, Ill.-based company acquired PTRx, a PBM, and SaveDirectRx, a mail-order pharmacy provider, in September for $77 million in cash and an additional $4.5 million in performance payouts.
HealthTrans, Greenwood Village, Colo., provides PBM and health IT services, including claims adjudication. HealthTrans uses an SXC Health Solutions platform to support its claims adjudication business with SXC Health Solutions and other PBMs, according to an SXC news release.
The deal is expected to close in the first quarter of 2012.
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