UnitedHealth to acquire pharmacy benefits firm Catamaran in $12-billion deal

March 31, 2015 1:41 AM

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UnitedHealth Group Inc., the largest health insurer in the United States, agreed to spend more than $12 billion to buy an Illinois pharmacy benefits management firm, saying it is seeking to control the rising costs of prescription drugs.

UnitedHealth said it plans to merge Catamaran Corp. with its existing pharmacy benefits management company, OptumRx. The deal will help UnitedHealth increase its profits about 5% in 2016, the company said.

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