Private equity company Warburg Pincus LLC is reported nearing a deal to acquire specialty pharmacy company PANTHERx Rare for more than $7 billion, the Wall Street Journal reported on Friday, citing people familiar with the matter. The pharmacy company is currently owned by a consortium of private equity investors comprising The Vistria Group, Nautic Partners, and General Atlantic.
According to the report, the private equity firm is partnering with the Emirati sovereign wealth fund Abu Dhabi Investment Authority (ADIA) to buy the Pittsburgh-based pharmacy. The report noted that "nothing is finalized," but that an agreement may be reached "soon."
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