UnitedHealth to Buy Catamaran for $12.8 Billion

UnitedHealth will pay $61.50 a share, financing the acquisition with cash and debt, the companies said in a statement. The offer, which would be UnitedHealth’s largest purchase ever, is 27 percent more than Catamaran’s closing share price of $48.32 on Friday. Benefits managers like Catamaran help administer the drug coverage in health plans, working with employers and insurers to negotiate with drug companies and pharmacies. The pharmacy benefits industry has become the focal point of tensions between drug companies and customers over the cost of new treatments.



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