Express Scripts To Purchase Medco Health in $29.1B Deal
On Thursday, Express Scripts announced that it has signed a merger agreement to buy Medco Health Solutions in a deal valued at $29.1 billion in cash and stock. The two firms are the largest pharmacy benefit management companies in the U.S., handling a combined total of more than 1.7 billion prescriptions in 2010. The agreement is expected to close in the first half of 2012, pending approval from shareholders and federal regulators.
- "Express Scripts To Buy Medco Health for $29.1B" (Das et al., Wall Street Journal, 7/21).
- "Express Scripts Will Buy Rival Medco for $29.1B" (AP/Sacramento Bee, 7/21).