EPIC Insurance Brokers & Consultants Acquires Pharmaceutical Strategies Group

first_img Previous articleCORRECTING and REPLACING: CIM Group Closes $121.3 Million Bridge Loan Secured By AMP&RSAND, A Class-A Office Complex, in San DiegoNext articleWorldwide Herbal Nutraceuticals Industry to 2026 – Featuring Nestle, Gaia Herbs and Solaray Among Others – ResearchAndMarkets.com Digital AIM Web Support Facebook EPIC Insurance Brokers & Consultants Acquires Pharmaceutical Strategies Group Twitter By Digital AIM Web Support – February 4, 2021 Pinterest Facebook Local NewsUS Newscenter_img WhatsApp Pinterest Twitter WhatsApp Expands Employee Benefits and Pharmaceutical Expertise SAN FRANCISCO, Calif., Feb. 4, 2021 (SEND2PRESS NEWSWIRE) — EPIC Holdings, Inc. (EPIC) announced today that it has agreed to acquire Pharmaceutical Strategies Group (PSG). The move incorporates the expertise and resources of the nation’s largest independent pharmacy benefit consulting firm into EPIC’s Employee Benefits Consulting practice. As a strategic partner to self-insured employers, health plans and health systems, PSG is an experienced navigator of the complex drug pricing market, and generates more than $4.8 billion in drug cost savings for clients each year. “The opportunity to continue the next phase of our journey with EPIC is exciting,” said Dave Borden, PSG Founder. “For more than 25 years, our dedicated clinicians and consultants have relentlessly advocated for clients, harnessing innovation to deliver the highest standard of pharmacy benefits consulting and technology.” Commenting on the announcement, Scott Schanen, President, EPIC National Employer Consulting, said, “Joining forces with PSG accelerates our ability to establish a new normal amid the dynamic landscape of employee engagement, health and economics. Long regarded as the industry leader in drug cost management, PSG’s partnership with EPIC creates value for clients through independent, objective and sustainable solutions and strategies.” Steve Denton, EPIC CEO, added, “The cultural fit between PSG and EPIC has been apparent at every turn. We are collaborating to bring the combined expertise and breadth of service offerings to our clients and look forward to a positive 2021.” Michael Lonergan will continue to serve as PSG President and will lead the charge to develop innovative drug management solutions for U.S. plan sponsors. PSG will operate as “Pharmaceutical Strategies Group – an EPIC company.” About EPIC Brokers & Consultants EPIC Insurance Brokers & Consultants has more than 2,600 team members operating from more than 80 offices across the U.S., providing Property and Casualty, Employee Benefits, Specialty Programs, and Private Client solutions to EPIC clients. For more information on EPIC, visit:  https://epicbrokers.com/. About Pharmaceutical Strategies Group PSG is the leading pharmacy intelligence and technology company solving one of healthcare’s biggest challenges – rising drug costs. It provides innovative drug management solutions to many of America’s largest self-funded employers and health plans, who rely on trusted advisors to improve their financial performance. NEWS SOURCE: EPIC Insurance Brokers and Consultants This press release was issued on behalf of the news source (EPIC Insurance Brokers and Consultants) who is solely responsibile for its accuracy, by Send2Press® Newswire. Information is believed accurate but not guaranteed. Story ID: 68169 APDF-R8.2 © 2021 Send2Press®, a press release and e-marketing service of NEOTROPE®, Calif., USA. To view the original version, visit: https://www.send2press.com/wire/epic-insurance-brokers-consultants-acquires-pharmaceutical-strategies-group/ Disclaimer: This press release content was not created by the Associated Press (AP). TAGS  last_img