Brazos to Sell Healthcare Solutions for $405M Cash
February 27, 2015
Brazos Private Equity Partners has agreed to sell Healthcare Solutions to Catamaran (NASDAQ: CTRX) for $405 million in cash, subject to certain post-closing adjustments. The deal is expected to close in 2Q. Operating in the workers' compensation market, Healthcare Solutions is expected to generate approximately $35 million in annual EBITDA prior to any synergies. The company delivers integrated medical cost management solutions to over 800 customers.