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Medco Will Buy PolyMedica In $1.5 Billion Deal

This article was originally published in The Gray Sheet

Executive Summary

The pharmacy benefit manager Medco is expanding its foothold in the diabetes market with the $1.5 billion purchase of PolyMedica, a direct-to-consumer provider of diabetes supplies and services. The companies announced the definitive all-cash agreement Aug. 28 and expect the deal to close later this year
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