Kelso Fund VIII Completes Sale of Helios
January 14, 2016
Kelso is pleased to announce that on January 14, 2016, we completed the sale of Helios to OptumRx, Inc., a subsidiary of UnitedHealthcare. Helios provides best-in-class management of pharmacy benefits, durable medical equipment, home health care, and other ancillary services for workers’ compensation and auto no-fault insurance companies.
Kelso invested in Helios in October 2013 to fund the merger of Progressive Solutions and PMSI, creating the industry-leading workers’ compensation pharmacy benefit manager (“PBM”).