NFP acquires pharmacy benefit management consulting firm


NFP acquires pharmacy benefit management consulting firm

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NFP, an insurance broker and consultant that provides employee benefits, property/casualty, retirement and individual private client solutions, has acquired Valued Pharmacy Services of the Midwest and Healthcare Coalition for the Uninsured, collectively known as VPS.

Based in Chesterfield, Missouri, VPS is a pharmacy benefit management consulting firm that provides customized prescription solutions to employers, health plans, self-funded groups and individuals through its coalition contracts with major national pharmacy benefit managers and prescription assistance cards.

VPS is able to obtain substantial prescription pricing discounts on behalf of employer groups and provide tailored consultative solutions to its clients in managing their pharmacy benefit programs.

The principals of the firm will assume new titles at NFP, with Mike Rogers as the managing director of pharmacy services, reporting to Ed O’Malley, president of corporate benefits & individual solutions.

"We're excited to welcome VPS to the NFP family. VPS provides NFP with a national platform in the pharmacy benefit management space, an increasingly complex and vital aspect of employee benefits," said O’Malley. "The acquisition also increases our consulting capabilities which aligns with NFP’s growth strategy and dedication to offer more value for our existing client base as well as prospective clients."

Rogers said: "We are thrilled to join NFP and to serve as a valuable added resource in NFP's extensive consulting offering to its clients by introducing new products and services."

NFP, Acquisition, Valued Pharmacy Services, US