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Accredo Health Inc &
Medco Health Solutions Inc
Update Date: 04/08/08
Date Announced: 02/23/05
Value (million $USD): 2.19 billion U.S. Dollar
Status: Completed
TRANSACTION DETAILS
Date Announced02/23/05
Date Originally Announced02/23/05
FormatMergerAcquisition techniquesStock Swap; Collar
AttitudeFriendlyAgencyFederal Trade Commission; Justice Department
Value2.19 billion U.S. DollarAdvisor FeesAccredo Health Inc paid Raymond James a reasonable and customary compensation for its financial advisory services, a portion of which is contingent upon consummation of the merger.
SYNOPSIS
US - Medco Health Solutions Inc (MH) acquired all the outstanding common stock of Accredo Health Inc (AH), a provider of specialized contract pharmacy services, in a transaction valued $2.192 bil. MH offered $22 in cash and .49107 common shares per AH share. Based on MH's closing stock price of February 22, the last full trading day prior to the announcement, each AH share was valued at $43.327. The transaction was duly approved by the board of directors of both companies and was subject to shareholder approval and customary closing conditions.
TARGET
NameAccredo Health Inc (ACDO)
IndustriesHome health care services; Drugs, drug proprietaries, and druggists' sundries; Offices of holding companies, nec
CityMemphis
StateTN
NationUnited States
Incorporated inDE
Public StatusPublic
Business DescriptionProvide specialized contract pharmacy, clinical, reimbursement, delivery and other related services beneficial to patients with certain costly, chronic diseases such as gaucher disease, hemophilia, multiple sclerosis and growth hormone-related disorders
AdvisorsRaymond James Financial Inc
Target Sales1.73 billion U.S. Dollar
ACQUIROR
NameMedco Health Solutions Inc (MHS)
IndustriesDrugs, drug proprietaries, and druggists' sundries; Retail stores, nec; Information retrieval services
CityFranklin Lakes
StateNJ
NationUnited States
Incorporated inDE
Public StatusPublic
Business DescriptionMedco Health Solutions Inc, headquartered in Franklin Lakes, New Jersey, distributes wholesales, and retails pharmaceuticals. The company is also involved in mail-order distribution of prescription and non-prescription drugs.
AdvisorsLehman Brothers
Acquiror Sales35.44 billion U.S. Dollar
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