Q1-2019 Pharmacy Services Update

The first quarter of 2019 was a change of pace in consolidation activity within the pharmacy services space. In the latter half of 2018, a wave of vertical deals involving Aetna, Optum, and Cigna represented a heightened focus on cost control and medication adherence through payor – patient relationships. Despite this recent vertical alignment, there is still room for horizontal mergers, acquisitions, and middle-market private equity recapitalizations, evidenced by the transaction activity that occurred in this most recent quarter.​

BioScrip’s merger with Option Care was a significant deal for the pharmacy space, creating one of the largest national players across both site and home infusion.

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Sources:   SEC Filings; Company Press Releases, and Reports; IBISWorld; Capital IQ; PitchBook; PHP Estimates and Research.  This document has been compiled with publicly available information.  Provident Healthcare Partners, LLC makes no guarantee of its accuracy or completeness.  No data or statement should be construed to be a recommendation for the purchase, sale, or retention of any security.
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