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UnitedHealth Group said Monday it will acquire smaller rival Catamaran for $12.8 billion, in a move they said would give them more pricing power in the pharmacy benefits business. UnitedHealth will combine Catamaran with its own pharmacy benefit manager (PBM) OptumRx, which would propel the combined company to third place in the industry behind Express Scripts and CVS Caremark. "This combination is expected to create a dynamic competitor in the PBM market by combining the strengths of Catamaran's industry-leading technology platform with the data and analytics capabilities of Optum," the two said in a statement. UnitedHealth will pay $61.50 per share for Catamaran, a 27.3 percent premium over Catamaran's closing price Friday.
JEFFERSON CITY, Mo. (AP) — The spokesman for the Missouri auditor's office has died from an apparent self-inflicted gunshot wound in what police described Monday as an apparent suicide. The death comes about a month after the state auditor also killed himself.