Overview of Transaction

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• ELMC Rx Consulting (“ELMC”) is a premier organization built to deliver innovative, high-performance pharmacy plans for employers.

• ELMC provides tailored pharmacy benefits solutions, including pharmacy benefits management (PBM) RFPs, PBM contract negotiation and program evaluations, strategic planning, specialty drug and opioid management programs, annual audits and more. Additionally, ELMC Rx Consulting helps clients to communicate pharmacy benefits to employees through client and member communication solutions.

• ELMC agreed to partner with Alera Group. Headquartered in Deerfield, Illinois, Alera is national insurance and wealth management firm with more than $1 billion in annual revenue, offering comprehensive employee benefits, property and casualty, retirement plan services and wealth services solutions to clients nationwide.

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Significance of Transaction​

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• The acquisition provides Alera an exciting addition to their national employee benefits platform, allowing clients across the country to benefit from ELMC’s market-leading pharmacy expertise.

• ELMC will benefit from joining Alera Group’s collaborative national culture as they continue to serve clients with excellence, and the partnership provides ELMC an immediate cross-sell opportunity with its complimentary services.

 

Sica | Fletcher's Role

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• Sica | Fletcher served as exclusive strategic and financial advisor to ELMC.

• The transaction underscores Sica | Fletcher's track record of success in deal execution, as well as its relationships with top acquirers in the space.