Sidley Reps SXC In UMass Benefits Manager Pickup

Law360, New York (April 12, 2011, 11:56 AM EDT) -- SXC Health Solutions Corp. said Tuesday it was buying MedMetrics Health Partners Inc., a pharmacy benefits manager founded by the University of Massachusetts Medical School, in a deal whose terms were not disclosed.

The Lisle, Ill.-based buyer, a publicly traded PBM provider that also specializes in providing related technology services, said MedMetrics already uses SXC technology and therefore was a natural target.

Worcester, Mass.-based MedMetrics is a subsidiary of Public Sector Partners Inc., the university-affiliated parent that will execute the sale.

The acquisition of MedMetrics, which...
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