Early Briefing: Another Deal for HealthExtras

*HealthExtras of Rockville announced a $100 million deal to by HospiScript Services of Alabama, which handles pharmacy services for hospices in 46 states. The deal is the the sixth in eight years for the administrator of prescription benefit-programs. HealthExtras expects the acquisition to push its revenue to about $2.5 billion this year.

*Carlyle Group of the District plans to announce today that it's buying 650 Madison Avenue in New York for nearly $700 million. The marquee building will be part of Carlyle Realty Partners V, a $3 billion fund. Carlyle is sitting on $30 billion in cash for just such purchases.

That comes on top of Carlyle's announcement yesterday that it bought an 1,800-acre parcel in Florida for $15 million, part of a joint venture to acquire real estate throughout the Southeast.
Carlyle is putting $50 million into the joint venture, and Hassan & Lear Acquisitions is contributing $9 million.

*It got a little testy late Monday night at the Maryland legislature over a bill to create a new liquor license for Prince George's National Harbor development. Sen. C. Anthony Muse (D-Prince George's) pushed amendments opposed by developer Milton Peterson related to minority contracting.
As talks broke down, representatives of National Harbor asked for the bill to be killed; the hotels and restaurants will take their chances with the county's liquor board.

By Terri Rupar  |  April 9, 2008; 5:00 AM ET  | Category:  Morning Brief
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