BREAKING: The news comes two days after New Jersey state regulators gave final approval.
Thursday, December 20, 2018
 

BREAKING: Cigna Closes Express Scripts Deal, Finalizing Big Insurer-PBM Merger

The deal closed two days after New Jersey state regulators gave the companies final approval, and less than a week after California and New York signed off as well.

The Philadelphia-based insurer and St. Louis-based PBM announced last spring that they would pursue a merger. They secured shareholder approval in August.

A parallel deal between CVS Health and Aetna closed last month but has since encountered uncertainty in a federal courtroom.

Cigna and Express Scripts produced strong financials throughout 2018, and survived a brief opposition effort by activist Cigna shareholder Carl Icahn. Read the full story.

 

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