Fact Based List:
7 Things to Know About the Cigna Express Scripts Acquisition
Submitted by Anonymous on Fri, 03/09/2018 - 14:03
- Cigna will acquire Express Scripts in a cash and stock transaction valued at approximately $67 billion
- The transaction is expected to be completed by December 31, 2018
- Cigna shareholders will own approximately 64% of the combined company and Express Scripts shareholders will own approximately 36%
- 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
- 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.
- Cigna cites these three strategic benefits from the acquisition: A) Expanded Consumer Choice; B) Patient-Provider Alignment; C) Personalized Value
- 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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