PolyMedica Bought for $1.5bln Cash by Medco Health Solutions Inc

PolyMedica Corp, a company that supplies treatments for diabetes has been bought for a massive $1.5billion in an all cash deal by Medco Health Solutions Inc.

Shareholders in PolyMedica will get a huge 17 per cent premium of their stock price as MedcoHealth has offered $53 per share.

PolyMedica is in the business of distributing blood glucose test kits, insulin, syringes, and other supplies directly to the houses of patient suffering from diabetes.

PolyMedica reported a $33.7 million profit for the fiscal year of 2007 and PolyMedica also reported $675.5 million in sales for that same period.

Do you think PolyMedica shareholders are receiving a fair price for their company?

PolyMedica trades as PLMB on the NASDAQ

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