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Express Scripts agrees to sell pharma support services unit to private equity firm

Credit: Palmer, Jordan

Private equity firm Avista Capital Partners has agreed to acquire United BioSource, a subsidiary of Express Scripts Holding Co. that provides pharmaceutical and patient support services.

Terms of the deal weren’t disclosed. United BioSouce was acquired by Medco Health Solutions Inc. in 2010 for about $730 million, and pharmacy benefits manager Express Scripts acquired Medco in April 2012 for $29.1 billion.

Click here to read the complete story at the St. Louis Business Journal

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