Catalyst Health Solutions To Acquire Walgreens Health Initiatives For $525 Million

Catalyst Health Solutions, Inc. CHSI announced that it has entered into a definitive agreement with Walgreen Co. (NYSE, NASDAQ: WAG) to acquire Walgreens' pharmacy benefit management subsidiary, Walgreens Health Initiatives, Inc., for $525 million in cash.

This transaction brings together two of the leading national PBMs. With the addition of WHI, Catalyst's PBM membership will increase from approximately 7 million individuals to over 18 million members, while annual prescription volume will expand from approximately 80 million to over 165 million. “This is a significant milestone for Catalyst and an important next step in our long-term growth strategy,” said David T. Blair, Chief Executive Officer of Catalyst. “Our combined expertise and best-in-class solutions will provide immediate value to our clients and members.”