Express Scripts Inc., the largest U.S. pharmacy benefits manager, received regulatory approval for its $29.1 billion acquisition of Medco Health Solutions Inc., a deal that may drive down costs for the company and consumers.
Express Scripts Inc.’s takeover of Medco Health Solutions Inc. may fuel acquisitions of specialty pharmacy benefit managers by rivals seeking to gain enough size to negotiate lower prices with drugmakers.
Express Scripts Inc.’s bid for Medco Health Solutions Inc. may boost competition in the U.S. marketplace as rivals challenge the merged company’s ability to serve its largest clients and seek to capitalize on a lengthy antitrust review of the deal.
Bank of America Corp., the lender that’s divesting assets to raise capital, agreed to sell 80.8 million shares of HCA Holdings Inc. back to the health-care company for $1.5 billion. HCA’s stock jumped 12 percent.
CVS Caremark Corp. won a $3 billion contract to provide pharmacy benefits to federal employees, easing concern that the largest U.S. buyer and seller of prescription drugs is losing business to rivals.
Community Health Systems Inc. may have doomed a proposed takeover of Tenet Healthcare Corp. when its third offer was still so low that it would need to be raised by almost $2 billion to be on par with past hospital deals.
Medco Health Solutions Inc. , the pharmacy benefits manager that lost $3.5 billion in contracts since March, may seek acquisitions to make up for lost revenue if its biggest remaining client fails to re-sign this year.