CVS Caremark acquires Medicare Part D business of Universal American - MarketLine Financial Deals

CVS Caremark acquires Medicare Part D business of Universal American

CVS Caremark acquires Medicare Part D business of Universal American - MarketLine Financial Deals
CVS Caremark acquires Medicare Part D business of Universal American
Published Apr 29, 2011
3 pages — Published Apr 29, 2011
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Brief Excerpt:

...CVS Caremark Corporation, an operator of pharmacy stores, has acquired the Medicare Part D business of Universal American Corp., a health and life insurance holding company that offers health insurance products for the senior market. Both the companies are based in the US. Medicare Part D is the federally subsidized prescription benefit program provided to Medicare beneficiaries, citizens who are 65 years and older or who otherwise qualify through disability. Update on March 1, 2011: CVS Caremark has received clearance from the Federal Trade Commission to acquire the Medicare Part D business of Universal American. Announcement (December 31, 2010): CVS Caremark has entered into an agreement to acquire the Medicare Part D business of Universal American for approximately $1,250 million. Davis Polk & Wardwell LLP is acting as legal advisor, while Barclays Capital and Morgan Stanley are acting as financial advisors to CVS Caremark. Paul, Weiss, Rifkind, Wharton & Garrison LLP and Hogan Lovells...

  
Source:
Document ID
MA45036_110104
Country
Ticker
CVS=US
Ticker
UAM=US
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MarketLine Financial Deals—MarketLine Financial Deals – Identifying and tracking major financial activity across our full scope of company and sector coverage, MarketLine Financial Deals covers mergers & acquisitions, private equity/venture capital backed buyouts, investments, and exits, IPOs and secondary and follow on offerings, and private placements and exits. Additional non-corporate financial deals including partnership agreements, joint ventures, co-development and research, licensing and co-marketing agreements are also available.

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MLA:
MarketLine Financial Deals. "CVS Caremark acquires Medicare Part D business of Universal American" Apr 29, 2011. Alacra Store. Dec 06, 2016. <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/CVS-Caremark-acquires-Medicare-Part-D-business-of-Universal-American-2052-60421>
  
APA:
MarketLine Financial Deals. (2011). CVS Caremark acquires Medicare Part D business of Universal American Apr 29, 2011. New York, NY: Alacra Store. Retrieved Dec 06, 2016 from <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/CVS-Caremark-acquires-Medicare-Part-D-business-of-Universal-American-2052-60421>
  
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