7 Things to Know About the Cigna Express Scripts Acquisition

1. Cigna will acquire Express Scripts in a cash and stock transaction valued at approximately $67 billion
2. The transaction is expected to be completed by December 31, 2018
3. Cigna shareholders will own approximately 64% of the combined company and Express Scripts shareholders will own approximately 36%
4. The combined company will be named Cigna. Cigna's headquarters in Bloomfield, Connecticut, will become the headquarters for the combined company, and Express Scripts will be headquartered in St. Louis
5. The combined company will be led by Cigna's David M. Cordani as President and CEO. Express Scripts Tim Wentworth will assume the role of President, Express Scripts within Cigna.
6. Cigna cites these three strategic benefits from the acquisition: A) Expanded Consumer Choice; B) Patient-Provider Alignment; C) Personalized Value
7. Cigna offers insurance products in 30 countries and jurisdictions, and has more than 95 million customer relationships throughout the world and is #70 on the Fortune 500 list

Source: Cigna Press Release and MCOL Research
Source URL: https://www.cigna.com/newsroom/news-releases/2018/cigna-to-a...

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