Cigna To Buy Express Scripts: Healthcare ETFs In Focus
Zacks Investment Research | Mar 08, 2018 10:59PM ET
Waves of mergers and acquisitions have been heating up the healthcare space this year that could change the landscape of healthcare business. This is especially true given that health insurers are trying to consolidate with pharmacy benefits managers to streamline and cut costs in the drug supply chain.
The latest catalyst is the health insurer Cigna (NYSE:CI) , which has planned to acquire the largest pharmacy benefit manager Express Scripts Holding (NASDAQ:ESRX) for $67 billion, including $15 billion in debt. The moves comes three months after a drug chain and a pharmacy giant CVS Health Corp (NYSE:CVS) agreed to buy the nation's third-largest health insurer Aetna (NYSE:AET) , for $207 per share or $69 billion (read: Zacks Investment Research
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