Cigna to buy USA's leading PBM for $67 billion
Shares in Express Scripts (Nasdaq: ESRX), the USA’s largest pharmacy benefit manager (PBM), were up by 12% at $81.95 in mid-morning trading on Thursday after news emerged that it was to be taken over in a $67 billion deal.
US health insurance giant Cigna (NYSE: CI) announced that it was to acquire the firm in a cash and stock deal, including the assumption of $15 billion in Express Scripts debt.
"We will create an expanded portfolio of services, delivering greater consumer choice, closer alignment between the customer and healthcare provider, and more personalized value"
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