Lockton Dunning Benefits, a Dallas-based employee benefits consulting company, has acquired Excelsior Solutions, a pharmaceutical and healthcare consulting company headquartered in Minneapolis, Minn. The Excelsior Solutions acquisition strengthens Lockton’s existing pharmacy benefits consulting expertise.
Former Excelsior Solutions President Kenneth Dowell joins Lockton Dunning Benefits as senior vice president and chairman of the Lockton Pharmacy Analytics Advisory Board.
Founded by a group of industry veterans, Excelsior Solutions has successfully provided prescription benefit management consulting, claims evaluation and management, specialty drug management and Medicaid/Medicare consulting for health plans, managed care companies, pharmacies and PBMs representing more than 16 million lives.
The transaction was completed Oct. 1, 2012. Terms of the acquisition were not disclosed. Excelsior Solutions will retain its name in the immediate future. The combined operation employs 192 associates.
Source: Lockton Dunning Benefits Associates