MEDCO

Express Scripts Inc will buy rival Medco Health Solutions Inc for $29.1 billion to create a U.S. powerhouse in managing prescription drug benefits, the companies said.

However, the move comes just as Medco, which is the largest PBM, lost an important $11 billion contract with UnitedHealth Group that accounted for 17 percent of its business. Medco has also lost other big contracts recently, ...

Express Scripts will buy rival Medco Health Solutions for $29.1 billion in cash and stock to create a powerhouse in managing prescription drug benefits in the United States, the companies said on Thursday. ...


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