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Management Newsletter Article | September 30, 1995

Medco Becomes Merit

By Market Intelligence Team

OPEN MINDS The Behavioral Health Industry Analyst Industry News Medco Behavioral Care Corporation management, in partnership with Kohlberg Kravis Roberts & Company, announced on October 9, 1995, that they had completed acquisition of Medco from Merck & Co. Inc. Merck will retain a minority equity stake in the company,. As part of the transaction, Medco Behavioral Care Corporation changed its name to Merit Behavioral Care Corporation. Merit will continue to have two principal divisions: MBC, the company's managed care arm, and Continuum Behavioral Healthcare Corporation, a recently formed managed care delivery system. There will be no operational charges and . . .

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