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Express Scripts Holding Company is a pharmacy benefit management (PBM) organization. In 2017 it was the 22nd-largest company in the United States by total revenue as well as the largest pharmacy benefit management (PBM) organization in the United States. [2] Express Scripts had 2016 revenues of $100.752 billion. [2]
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As of 2023, PBMs managed pharmacy benefits for 275 million Americans and the three largest PBMs in the US, CVS Caremark, Cigna Express Scripts, and UnitedHealth Group’s Optum Rx, make up about 80% of the market share covering about 270 million people [4] [5] with a market of almost $600 billion in 2024. [6]
Federal officials finally approved the merger of Cigna (NYSE:CI), one of the nation’s biggest health insurers, and pharmacy benefit manager Express Scripts Holding Co. (NASDAQ:ESRX) Cigna stock ...
Carl Icahn is urging Cigna shareholders to reject the health insurer's attempted multi-billion dollar takeover of Express Scripts, saying it's paying too much for a company with a shaky future.
Cigna announced Thursday it planned to acquire pharmacy benefit manager Express Scripts in a $67 billion deal.
Cigna is acquiring Express Scripts, the largest standalone pharmacy benefit manager, in a $67 billion deal that includes $15 billion of debt. Express Scripts is one of the three massive pharmacy ...
The vote in favor of the merger was on expected lines after activist investor Carl Icahn walked away last week from his 11th-hour attempt to rally shareholders to reject the deal. According to the ...