Diabetes Care
Medco Announces Agreement to Acquire Diabetes Care Leader PolyMedica in Transaction Valued at $1.5 Billion
Published in Law and Health Weekly, September 15th, 2007
Medco Health Solutions, Inc. (NYSE:MHS), and PolyMedica Corporation (NASDAQ:PLMD) announced a definitive agreement under which Medco will acquire PolyMedica in an all-cash transaction valued at $53 per share, or $1.5 billion. The combination of America's leading advanced pharmacy practice with the leading source for diabetes services and supplies creates the nation's premier provider of comprehensive diabetes care and treatment.
An estimated 17 million Americans are currently treated for diabetes, with more than 1 million patients diagnosed each year; an additional 7 million are estimated as undiagnosed. Diabetes care represents one of the fastest-growing segments of...
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