Cigna to buy Express Scripts for $54 bn to tackle soaring prices – Feedback

Cigna Corp said on Thursday it would buy pharmacy benefits manager Express Scripts Holding Co for about $54 billion, the latest deal in the sector aimed at tackling soaring healthcare costs.

Move follows the $69 billion merger of insurer Aetna Inc and drugstore chain CVS Health Corp announced last December, and highlights a sector-wide trend toward deals between companies that do not have directly overlapping operations. Deals seek to lower healthcare costs by bringing under one roof pharmacy and medical claims, and give the combined entities greater leverage in price negotiations with drugmakers.

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