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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.