St. Louis Company Expands ; Express Scripts Buys Wellpoint Rx Subsidiary.

Columbia Daily Tribune › July 21, 2010

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Summary

NEW YORK (AP) -- Prescription benefits manager Express Scripts Inc. said today it is buying health insurer WellPoint Inc.'s NextRX pharmaceutical benefit management subsidiaries for just less than $4.68 billion in cash and stock.

The deal gives St. Louis-based Express Scripts, the third- largest pharmacy benefits manager with about 506 million prescriptions filled in 2008, an additional 265 million. That would pull it close to the No. 1 stand-alone company, Medco Health Solutions Inc.

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St. Louis Company Expands ; Express Scripts Buys Wellpoint Rx Subsidiary.

CVS Caremark, which also operates retail stores and pharmacies, managed about 633 million prescriptions...

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