Dynamic Healthcare M&A Database

Acquiring Party	AmerisourceBergen Corporation (NYSE:ABC), a large pharmaceutical services company.
Transferring Party	Health Advocates, Inc., a provider of Medicare set-aside cost containment services to insurance payors primarily within the workers' compensation industry.
Sector	Medical Services
Date	October 13, 2006
Analysis Adds functionality to AmerisourceBergen's workers' compensation services business. Deal value - $83m, on $20m of revenue (4.1x). Medicare set-asides are funds established to cover future medical and prescription drug expenses incurred as a result of a job-related injury that would have been paid by Medicare. The purpose of the set-aside is to ensure that Medicare is not burdened with costs that should be covered by the private workers' compensation insurer.
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Dynamic Healthcare M&A Database - 4Q06