|
||
|
| Home |  |
Firm Description | |
Sectors Covered | |
Completed Transactions | |
Testimonials | |
Principals | |
M&A Report and Publications |
|
Contact Us | |
| Acquiring Party | CVS Corp., the nation's largest pharmacy chain by prescriptions filled. |
|---|---|
| Transferring Party | Caremark Rx Inc., a large pharmacy benefits manager. |
| Sector | Medical Services |
| Date | November 1, 2006 |
| Analysis Adds Caremark's growing mail order business to CVS' retail franchise, creating a $75b drug distribution powerhouse that could compete more effectively as Wal-Mart and other retailers introduce programs selling cheap generic drugs. Potential to add new services, inducements to lure Caremark customers into CVS stores, and cost efficiencies. Deal value $21.2b; Caremark's sales are $32.99b (0.64x) and EBITDA, $1.74b (12.2x). | |
The Walden Group is a leading healthcare investment banking firm specializing in mergers, acquisitions and strategic transactions. It also invests its own funds and, together with its expert operational partners, provides value-added services to help special companies reach critical milestones. This information is copyright © 2004-2007 The Walden Group, Inc. This information is provided as a service to the public but remains the intellectual property of The Walden Group, Inc and may not be reproduced in any manner without the written permission of The Walden Group, Inc. The information contained in the transactions table was derived from publicly available and other sources. Transaction analysis and other information are based, in part, upon public comments, Walden Group research and judgments, and reporting and research of others. The information is not intended to be relied upon as pronouncements by the transaction participants or for any other reason. | |