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Lilly finally exits its losing PBM deal

Executive Summary

Rite Aid Corp. (pharmaceutical retail chain) will acquire Lilly's PCS subsidiary (US PBM for employers and health plans) for $1.5bn; Lilly will retain $100mm from PCS.
Deal Industry
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Acquisition
    • Payment Includes Stock
    • Full Acquisition

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