Verity Solutions has been sold to Express Scripts, a division of Cigna
Client: Verity Solutions Group, Inc.
Client Location: United States
Target: Verity Solutions Group, Inc.
Target Location: United States
Acquirer: Express Scripts Holding Company (Cigna)
Acquirer Location: United States
Target Description: Verity Solutions provides hundreds of health systems with industry-leading solutions and award-winning software to successfully manage the complex process of maintaining 340B program compliance and optimizing 340B savings.
The Deal
“Through their deep healthcare knowledge, hands-on partnership approach and unwavering commitment throughout the process, the team at Lincoln became indispensable members of the Verity team and the ideal partner for us during the most important time in our company’s history,” stated George Puckett, President and Chief Executive Officer of Verity Solutions. “Their deep understanding of our business and the market overall enabled them to articulate the profound opportunity for Verity’s differentiated solutions to drive mission-critical savings to health systems while seeking the ideal partner that would help us best serve our clients, partners and employees for the foreseeable future.”
Our Perspective
“Verity’s comprehensive pharmacy compliance platform facilitates safety-net hospitals realizing mission critical savings. Their solutions are enabling health systems to care for the most vulnerable populations across the country,” said Derek Ritchea, Managing Director at Lincoln. “We couldn’t be happier for George, Jon and the entire Verity team as they partner with Express Scripts to more effectively and comprehensively support the needs of their hospital and health system clients.”
Clark Spurrier, Managing Director at Lincoln emphasized, “The Verity transaction underscores our firm’s deep commitment to healthcare technology and is instrumental in the continued growth of our healthcare information technology (HCIT) sector focus. We are very grateful for the opportunity to work with the company on this amazing outcome.”
The team at Lincoln were tremendous to work with throughout the process. Their relationships across the industry and world-class execution enabled Verity and our shareholders to achieve a successful outcome.
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