Q3-2018 Pharmacy Services Update

Two multi-billion dollar pharmacy services deals in the third quarter are signaling a heightened interest in pharmacy services from both strategic consolidators and private equity investors. Private equity firm Silver Lake partnered with GoodRx in a deal worth $2.8 billion while OptumRx acquired the operations of Genoa Healthcare for $2.5 billion. In particular, recent tailwinds in the behavioral health sector have driven consolidation in the form of both the Genoa deal as well as Clearview Capital’s majority recapitalization of Apothecare.

To print and download the full Pharmacy Services Update report, please click below…

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.
  • ”I have a tremendous amount of appreciation and gratitude to the Provident team for their hard work and diligence throughout this process. Each and every member of the Provident team is excellent at their jobs and it has been a pleasure working with such a professional team. Provident has provided outstanding guidance and counsel, and this deal could never have gotten done without Provident’s leadership.”

  • “A lot of investment bankers were interviewed, Provident was chosen. Provident delivered. My clients could not be happier.”

  • “While the decision to sell our business was a difficult one, Provident vigilantly represented and protected our best interests throughout the transaction.  Provident was the right choice for Cascade and I would recommend their services to anyone.”

  • “After working with Provident on several transactions, it is evident that their extensive industry knowledge and deal expertise prove to be invaluable to their clients.”

  • “Provident’s depth of experience and practical business savvy was demonstrated in their ability to cut through what sometimes looked like impasse.”

  • “We would not have been successful navigating the process without Provident’s hard work and active participation. They exceeded our expectations and we would highly recommend them to any health care company seeking a knowledgeable and engaged investment banking firm.”

  • “Provident listened to our story, confirmed that our business was valuable and made us feel like this was the only transaction important to them.”