- Represented a PBM provider that entered into an agreement with a national health insurer
- Provided both transactional and regulatory counsel to the PBM
We represented a national pharmacy benefit management (PBM) provider in connection with the drafting and negotiation of its PBM services agreement with a national health insurer in a transaction valued at over $4 billion.
As lead counsel to the PBM, Mintz provided both transactional and regulatory counsel to the PBM, drafted and negotiated the complex service agreement, and provided state, federal, and Medicare Part D compliance advice.
Mintz attorneys worked extensively with PBM internal counsel and opposing counsel of the insurer to navigate and finalize the complex 10-year arrangement, which was transformative for the PBM client in terms of member lives added to its portfolio and value to the enterprise.