Accredo Health Inc

Medco Health Solutions Inc., one of the nation's biggest pharmacy benefits managers, said Wednesday that it would buy Accredo Health Inc., a distributor of specialty drugs and services, in a $2.2-billion cash and stock deal to create the nation's largest specialty pharmacy business. The companies expect to generate more than $4 billion in annual revenue from their combined specialty drug businesses.

Accredo Health Inc. will purchase the Specialty Pharmaceutical Services division of Gentiva Health Services Inc. for $415million in cash and stock, the companies announced.

Medco Health Solutions Inc., one of the nation's biggest pharmacy benefits managers, said Wednesday that it would buy Accredo Health Inc., a distributor of specialty drugs and services, in a $2.2-billion cash and stock deal to create the nation's largest specialty pharmacy business. The companies expect to generate more than $4 billion in annual revenue from their combined specialty drug businesses.

Accredo Health Inc. will purchase the Specialty Pharmaceutical Services division of Gentiva Health Services Inc. for $415million in cash and stock, the companies announced.