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Express Scripts pays $4.7bn for WellPoint's NextRx business

Executive Summary

Express Scripts announced it will acquire health plan administrator WellPoint's three NextRx pharmacy benefit management subsidiaries--NextRx Inc., NextRx Services Inc., and NextRx LLC--for $4.7bn, or approximately $3.3bn cash plus $1.4bn in Express common stock (based on the market average, this could mean about 29.4mm shares). Express is financing the transaction using money from a debt sale.
Deal Industry
  • Pharmaceuticals
  • Services
Deal Status
  • Final
Deal Type
  • Acquisition
    • Payment Includes Cash
    • Full Acquisition
    • Payment Includes Stock
    • Includes Contract

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