BrightSpring and PharMerica Combine to Form Comprehensive Health Services Company
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181211005594/en/
The strategic combination of BrightSpring and
“Combining BrightSpring and
“This transaction provides both significant strategic and day-to-day benefits for the client and patient bases and valued customers of both organizations. With BrightSpring’s daily presence in care settings and PharMerica’s national pharmacy footprint, the combined business will offer existing and new customers expanded access to comprehensive care and pharmacy services, including augmented and clinically focused programs to best serve patients and meet our customers’ needs,” said
Following the close of the transaction, the combined enterprise will be led by
As part of the transaction, private equity firm Onex Corporation is selling its interest in BrightSpring. Upon close, the combined enterprise will be owned by KKR with an affiliate of Walgreens Boots Alliance, Inc. as a minority investor. The transaction is subject to regulatory approval and customary closing conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act. It is expected to close in the first quarter of 2019.
About BrightSpring
Founded and headquartered in
About
View source version on businesswire.com: https://www.businesswire.com/news/home/20181211005594/en/
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