Las Vegas-based ScripNet, a leading pharmacy benefit management company serving the workers compensation market, has been acquired by Atlanta-based Healthcare Solutions.
Terms of the deal were not disclosed.
The combined organization will produce annual revenue exceeding $400 million, officials said Wednesday in a statement.
ScripNet is one of the fastest growing pharmacy benefit management companies in North America, providing PBM services to more than 5 million employees through pharmacies in all 50 states. ScripNet is a 10-time winner of Inc. Magazine’s annual listing of the 500/5000 fastest-growing privately held companies in the nation and this year celebrates its 15th year in business.
“We are excited to be joining such a well-respected company,” Dennis Sponer, CEO of ScripNet, said in a statement. “Our philosophy and approach to workers’ compensation pharmacy management is synergistic with Healthcare Solutions and we are excited about the combined expertise that we will be able to offer our customers.”