New York, NY – February 28, 2005 – LAWFUEL – The Law News Network – Debevoise & Plimpton LLP represented Lehman Brothers Inc. in its role as financial advisor to Medco Health Solutions, Inc. in connection with its acquisition of Accredo Health, Incorporated for approximately $2.2 billion in cash and stock. The deal will create the nation’s largest specialty pharmacy business that will also be one of the industry’s most comprehensive full-service pharmacy benefit providers.
Lehman Brothers serves the financial needs of corporations, governments and municipalities, institutional clients, and high net worth individuals worldwide. Medco Health Solutions, Inc. is a leading pharmacy benefits manager with the nation’s largest mail order pharmacy operations. Accredo Health, Incorporated provides specialized pharmacy and related services relating to the treatment of patients with costly, chronic diseases. Debevoise & Plimpton LLP is a leading international law firm with offices in New York, London, Paris, Frankfurt, Washington, Moscow, Hong Kong and Shanghai.
Debevoise partner Andrew L. Bab represented Lehman Brothers in this transaction.