Today, Cigna announced they were acquiring Express Scripts, a Pharmacy Benefit Managment Company (PBM), for $67 Billion.. Express is the last of the large independent PBMs and becomes part of a vertical integration strategy for Cigna.
This massive acquisition will be interesting to watch. How will Express’ current clients feel about this merger with an insurer that is likely a direct competitor? Will there be changes in the pharmacy networks and reimbursement to independent pharmacies?
The mergers continue in the the healthcare sector and we will be monitoring for our clients.