UnitedHealth Group $12.8 billion acquisition of Catamaran

Overview:

• UnitedHealth Group has completed its $12.8 billion acquisition of pharmacy-benefit manager Catamaran.
• The deal was announced in March 2015.
• This was the largest acquisition ever undertaken by UnitedHealth.
• UnitedHealth Group made a $10.5 billion debt offering to finance the acquisition.
• The offering consisted of $750 million 1.45%, $1.5 billion 1.9%, $1.5 billion 2.7%, $1 billion 3.35%, $2 billion 3.75%, $1 billion 4.625%, $2 billion 4.75% and $750 million floating rate notes issues.
• The underwriters included JP Morgan, Barclays and BofA Merrill Lynch.
• JPMorgan also acted as financial adviser for UnitedHealth on the acquisition.

Kurt Stumpo - Journalist