Headwaters MB advised Valued Pharmacy Services of the Midwest, Inc. and Healthcare Coalition for the Uninsured, LLC, collectively known as VPS, on their sale to NFP Corp. Terms of the transaction were not disclosed.
Based in Chesterfield, MO, VPS is a pharmacy benefit management consulting firm that provides customized prescription solutions to employers, health plans, self-funded groups and individuals through its coalition contracts with major national pharmacy benefit managers and prescription assistance cards. VPS is able to obtain substantial prescription pricing discounts on behalf of employer groups and provide tailored consultative solutions to its clients in managing their pharmacy benefit programs.
The principals of the firm will assume new titles at NFP, with Mike Rogers as the managing director of Pharmacy Services, reporting to Ed O'Malley, president of Corporate Benefits & Individual Solutions.
Rogers said, "We are thrilled to join NFP and to serve as a valuable added resource in NFP's extensive consulting offering to its clients by introducing new products and services."
Roger Kahn, Managing Director at Headwaters MB, commented, “We were delighted to have an opportunity to represent this innovative pharmacy benefit management company in its acquisition by NFP.” Rod Rivera, Managing Director at Headwaters MB, added, “We conducted a thorough process and found the ideal strategic solution for the Company.”