Cigna Nears Deal to Buy Express Scripts

03/07/18 11:23 PM EST
By Dana Mattioli and Dana Cimilluca 

Health insurer Cigna Corp. is nearing a deal to buy Express Scripts Holding Co., according to people familiar with the matter.

A deal could be announced as soon as Thursday, the people said. As of Wednesday, Express Scripts had a market value of $41 billion, meaning that with a typical premium the transaction could be worth $50 billion or more.

Terms of the expected deal couldn't be learned.

St. Louis-based Express Scripts is a pharmacy-benefit manager. Such companies serve as middlemen that help negotiate discounts with drug makers.

The combination would be the latest in a flurry of proposed tie-ups in the rapidly changing healthcare-services business.

Late last year, CVS Health Corp. inked a nearly $70 billion deal to buy Aetna Inc. In 2015, Aetna agreed to buy fellow health insurer Humana Inc. in a $37 billion deal that was later terminated following regulatory scrutiny. That same year, Cigna agreed to combine with Anthem Inc., a deal that was also blocked by regulators.

Late last year, Anthem said it would launch its own PBM, dealing a blow to Express Scripts, which is a partner of the health insurer.

Write to Dana Mattioli at and Dana Cimilluca at


(END) Dow Jones Newswires

March 07, 2018 23:23 ET (04:23 GMT)

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