Who is cignas pbm
Learn how Cigna's Pharmacy Benefit Manager (PBM) is designed to deliver better A disciplined and active formulary strategy is an important focus at Cigna . Cigna plans to buy Express Scripts for about $52 billion and take on $15 billion in the PBM's debt. The deal is designed to give Cigna a competitive. Cigna Corp. has successfully dodged two giant obstacles in its attempt to purchase pharmacy-benefit manager Express Scripts Holding Co. This is a period of massive uncertainty for the PBM business, and Cigna is paying $54 billion for the pleasure of having to navigate it.
Cigna Thursday morning confirmed it will buy the pharmacy benefit manager Express Scripts, the last major standalone pharmacy benefit. Wow. Yesterday, Cigna announced that it would acquire Express Scripts. See the links below. Though Cigna was an unexpected acquirer, the. Shares in Express Scripts, the USA's largest pharmacy benefit manager (PBM), were up by 12% in mid-morning trading on Thursday after news.
In an annual shareholder meeting, Cigna President and CEO David to acquire Express Scripts, a PBM, for $67 billion in cash and stock. What's more, the DOJ said it would be hard for Cigna to increase PBM costs for other insurers because of competition from other integrated. The $67 billion merger would allow Cigna to lower its costs by insourcing PBM services, and absorb the profits of the biggest stand-alone PBM. Insurers have struggled to respond to questions surrounding PBM Cigna (CI - Get Report) does much of its own drug price negotiation.
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