SXC buys HealthTrans for $250 million

LISLE, Ill. — Pharmacy benefit manager SXC Health Solutions is buying PBM service company HealthTrans for $250 million, SXC said Thursday.

Based in Colorado with additional offices in Illinois, Florida and Georgia, HealthTrans provides PBM and healthcare information technology services to about 260 clients, and its PBM business includes a suite of PBM offerings, such as nationwide retail network, formulary and rebate management, Medicare Part D services and mail order.

"The acquisition of HealthTrans is a great fit with our strategy to acquire mid-market PBM customers that already utilize our HCIT services," SXC chairman and CEO Mark Thierer said. "HealthTrans is one of the largest privately held PBMs in the country. It has a diverse customer base and a track record of strong cash flow."