Just today, H.I.G. Capital announced it has entered into an agreement to acquire PMSI from AmerisourceBergen Corporation (ABC) during the third quarter of 2008 for $40 million. 

This poses the question: How was H.I.G able to acquire all three business lines of PMSI for just $40M? It was just in Q4-2006 when PMSI acquired MSA provider Health Advocates for $83M and now, less than 2 years later, the entire company was sold for less than half of that amount.  Even more puzzling is the fact that Medical Services Company's pharmacy division (supposedly smaller than PMSI's pharmacy division) was just sold for $248M.  It leaves one to wonder how bad things really are at PMSI.
 

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