Cigna to Acquire Express Scripts
"Cigna Corporation and Express Scripts announced an agreement in which Cigna will purchase the pharmacy benefit manager (PBM) for $67 billion, which includes $15 billion in Express Scripts debt, according to a press release. The acquisition will focus on expanding choices, including a full suite of medical, behavioral, specialty pharmacy, and other health care services, according to Express Scripts. The companies said the consolidation will allow for better services.
Cigna’s acquisition of Express Scripts brings together two complementary customer-centric services companies, well-positioned to drive greater quality and affordability for customers,” David M. Cordani, president, CEO, Cigna said in the release."