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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”).