Medco says German business buys health Web site

AP News
|
Posted: Dec 07, 2009 1:26 PM

Medco Health Solutions Inc.'s German business Europa Apotheek Venlo bought health care Web site shop-apotheke.com, Medco said Monday.

Medco owns a majority stake in Europa Apotheek Venlo, which is a Germany-based clinical health care and mail-order pharmacy services company. Medco said shop-apotheke is one of the largest health care product and over-the-counter product sites in Germany.

Terms of the acquisition were not disclosed. Medco said German regulators have cleared the deal, and the sale is expected to close in January.

Recommended
The Left-wing Paradise of San Francisco
Rachel Alexander

Medco is a U.S.-based pharmacy benefits manager, and handles drug benefits for health plan sponsors and members. In afternoon trading, its shares rose 65 cents to $64.35.