CVS Caremark To Buy Medicare Part D Business Of Universal American For $1.25 Bln
Drug store chain operator CVS Caremark Corp. agreed Friday to acquire Medicare Part D business of Universal American Corp. for about $1.25 billion, which will strengthen its position in fast growing medicare market and provide beneficiaries with lower cost pharmacy care. The transaction, which is subject to regulatory approvals, is expected to close by the end of 2011 second quarter, and be ...

CVS to Buy Unit of Universal American
CVS Caremark said it will purchase the Medicare Part D business of Universal American for about $1.25 billion.

CVS Acquires Medicare Business for $1.25B
NEW YORK (TheStreet)-- CVS Caremark is acquiring Universal American's Medicare's Medicare Part D business for $1.25 billion. Universal American shareholders are expected to receive about $12.80 to $13 per share in cash from the acquisition, according to a press release. CVS shares were down 10 cents at $34.90, and Universal American shares were up $5.79 at $20.40 on the deal. ... Click to view a ...