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Announced

Completed

Cigna completed the acquisition of Express Scripts for $67bn.

Financials

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Transaction Value£48,675m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales0.7x
EV/EBITDA9.5x
Share Price Premium31%
One Off Charge-

Tags

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Friendly

Public

pharmaceutical services

Business Process Outsourcing

retail network pharmacy administration

Single Bidder

Acquisition

clinical solutions

United States

Completed

Pharmaceuticals

Majority

Synopsis

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Cigna, an American worldwide health services organization based in suburban Bloomfield, Connecticut and Philadelphia, Pennsylvania, completed the acquisition of Express Scripts, a pharmacy benefit management organization, for $67bn. "This combination accelerates Cigna’s enterprise mission of improving the health, well-being and sense of security of those we serve, and in turn, expanding the breadth of services for our customers, partners, clients, health plans and communities. Together, we will create an expanded portfolio of health services, delivering greater consumer choice, closer alignment between the customer and health care provider, and more personalized value. This combination will create significant benefits to society and differentiated shareholder value,” David M. Cordani, Cigna President and CEO.

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