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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 ]
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In 2012 Express Scripts acquired rival Medco Health Solutions for $29.1 billion and became "a powerhouse in managing prescription drug benefits". [43] As of 2015, Express Scripts Holding Company was the largest pharmacy benefit management organization in the United States. [44]
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They agreed to pay $29.3 million. [19] In 2005, Medco Health Solutions agreed to pay the United States $155 million plus interest to settle allegations that it accepted kickbacks from drug makers and submitted false claims to the government. [20] There was no admission of guilt or finding of wrongdoing in either settlement.
In 2008, Surescripts merged with RxHub which was formed by a consortium of pharmacy benefit management companies comprising CVS Caremark, Express Scripts and Medco Health Solutions. [2] According to the U.S. Department of Health and Human Services, in 2014 96% of U.S. community pharmacies and 70% of U.S. physicians used Surescripts' e ...
By 2017, Express Scripts was the 22nd-largest company in the United States by total revenue as well as the largest pharmacy benefit management (PBM) organization in the US. [ 21 ] In March 2018, it was announced that Cigna, a global health services company, would acquire Express scripts for $67 billion. [ 22 ]
In September 2015, Express Scripts announced that Paz would retire in May 2016 and become non-executive chairman. [5] [8] [9] [10] He was succeeded as CEO by Tim Wentworth, who was previously president of the company. [9] [10] In February 2016, Paz was appointed to the board of directors of Prudential Financial. [2] [11] Paz died on October 23 ...