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A vast majority of Cigna's revenue comes from its commercial business and pharmacy benefits division, which it bolstered with a $52-billion purchase of Express Scripts in 2018. Cigna's Medicare ...
Express Scripts began in 1986 in St. Louis County, Missouri as a result of a joint venture between a retail chain of more than 79 pharmacies (Medicare Glaser Inc.) and Sanus Corp. Health Systems. Sanus traces its history to Bradford Systems and Administrative Services which was founded in Boston in 1968.
Owned by Cigna Founded in 1986, Express Scripts ranked No. 25 on the Fortune 500 in 2018, the year Cigna acquired it. It's now part of Cigna's $153.5 billion Evernorth health services division.
The new company will marry Cigna's business of managing health plans for corporations and the government with Express Scripts' (ESRX.O) role handling pharmacy benefits for those same customers.
Shares of Express Scripts are moving higher before the opening bell after activist investor Carl Icahn ended a short-lived fight to scuttle Cigna's takeover of the pharmacy benefit manager. Icahn ...
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 ...
The insurance company Cigna acquired Express Scripts in December 2018. [2] It began operating EviCore through its health-services subsidiary Evernorth, [9] [10] though EviCore continued to operate independently. [11] EviCore launched a proprietary platform for prior authorizations, called IntelliPath, in 2020, serving seven clients. [9]
Cigna announced Thursday it planned to acquire pharmacy benefit manager Express Scripts in a $67 billion deal.
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