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Optum was formed as a subsidiary of UnitedHealth Group in 2011 by merging UnitedHealth Group’s existing pharmacy and care delivery services into the single Optum brand, comprising three main businesses: OptumHealth, OptumInsight and OptumRx. [2] In 2017, Optum accounted for 44 percent of UnitedHealth Group's profits. [3]
On March 7, 2018, it was announced that Cigna would buy Express Scripts in a $67 billion deal. [ 6 ] [ 7 ] The deal closed on December 20, 2018 at $54 billion, allowing Cigna to start offering new Express Scripts products to its corporate health insurance customers in 2019.
In January 2015, the company bought MWI Veterinary for $2.5 billion. In October, [16] they agreed to buy PharMEDium, a compounding drug company, for $2.58 billion. [16] On January 3, 2018, AmerisourceBergen acquired H. D. Smith, the largest privately-held national pharmaceutical wholesaler in the U.S. [17] [18]
This undated photo released by the New York Police Department shows a suspect in the fatal shooting of UnitedHealthcare CEO Brian Thompson on Dec. 4, 2024, in a taxi.
As of 2023, PBMs managed pharmacy benefits for 275 million Americans. As of 2023, 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 and cover approximately 270 million people. [4] [5]
He did his best to be athletic," said R.J. Martin, a former friend and roommate from Surfbreak. "Unfathomable knowing the kind of person that I saw and knew. Personally, I can make zero sense of it.
Amedisys was founded in 1982 by William F. Borne, a registered nurse from Reserve, Louisiana and William Matt Hession (registered nurse). CEO of Key Nursing. Borne has served as chief executive officer (CEO) and chairman of the board since that time. [6]
The grocery store operators had said they’d be able to cut prices by combining, but regulators and a judge disagreed. Now they’re investing moves to reward shareholders.