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GoodRx Said to Buy Perelman’s RXSaver Business for $50 Million

May 13, 2021, 4:43 PM

Vericast Corp., the payment and marketing company controlled by billionaire Ronald Perelman, sold its discount drug company RxSaver to GoodRx Holdings Inc. for $50 million, according to people with knowledge of the matter.

The sale occurred in April, the company told investors on a private call Thursday, said the people, who asked not to be identified discussing a confidential matter. Vericast didn’t say how it plans to use proceeds from the deal beyond general corporate purposes, they added.

Vericast had been weighing a potential sale of RxSaver for months amid a competitive market for drugs savings. The discounts ...