Health Benefit Manager Expands Base In $250M Deal

Law360, New York (November 17, 2011, 5:29 PM EST) -- SXC Health Solutions Corp. is buying HealthTrans LLC, a fellow provider of pharmacy benefit management services, for $250 million in a cash deal that will expand SXC's client base, the company said Thursday.

Illinois-based SXC said it will fund the acquisition from its existing cash balance and may finance some of the purchase through a $50 million credit line from JP Morgan Chase Bank NA. The deal is expected to close in the first quarter of 2012.

SXC is a publicly traded PBM provider that also...
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