Private equity firm to buy Envision parent

Published: Tuesday, Jul. 9, 2013 - 12:00 am | Page 6B
Last Modified: Tuesday, Jul. 9, 2013 - 7:56 am

The parent company of Envision Pharmaceutical Services, which has an office in El Dorado Hills, announced Monday that it is being acquired by TPG, a private equity firm.

Headquartered in the Ohio community of Twinsburg, Envision Pharmaceutical Services is a national, full-service pharmacy benefit management company.

It also has offices in Florida and Utah.

Financial details of the transaction were not disclosed. The transaction is subject to conditions and regulatory clearances, but officials expect it to close in this year's fourth quarter.

TPG oversees assets of about $56.7 billion worldwide.

Call The Bee's Mark Glover, (916) 321-1184.

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