Medco Becomes Merit

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 . . .