New York, October 07, 2015 -- Moody's Investors Service placed the ratings of PharMEDium Healthcare Corporation under review for upgrade, including the B3 Corporate Family Rating and the B3-PD Probability of Default Rating. The review is prompted by the announcement that AmerisourceBergen Corporation ("ABC", Baa2, negative) will acquire PharMEDium for $2.6 billion in cash. ABC, headquartered in Valley Forge, Pennsylvania, is one of the three largest pharmaceutical distributors in the nation. The transaction is expected to close before the end of this year.
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