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Express Scripts Announces Definitive Agreement to Acquire WellPoint NextRx Subsidiaries for $4.675 Billion
Date:4/12/2009

Alliance Provides Game-Changing Capabilities to Tackle the Nation's Priorities to Improve Health Outcomes and Reduce Waste

ST. LOUIS and INDIANAPOLIS, April 13 /PRNewswire/ -- Express Scripts, Inc. (Nasdaq: ESRX), and WellPoint, Inc. (NYSE: WLP), announced today that they have signed a definitive agreement under which Express Scripts, one of the largest pharmacy benefits management (PBM) companies in North America, will acquire WellPoint's NextRx subsidiaries for $4.675 billion, which includes consideration for the value of a future tax benefit for Express Scripts based on the structure of the transaction.

WellPoint NextRx subsidiaries provide PBM services to approximately 25 million Americans and manage more than 265 million adjusted prescriptions annually. The transaction includes a 10-year contract for Express Scripts to provide services to WellPoint, one of the nation's largest health benefits companies, following closing of the transaction.

"Now more than ever, as the nation focuses on health care reform, this collaboration between Express Scripts and WellPoint represents a shared commitment to achieving optimal health outcomes while driving out wasteful spending," said George Paz, chairman and CEO of Express Scripts. "As we apply our advanced understanding of consumer behavior to an additional 25 million members, and manage more than 750 million adjusted prescriptions annually, we will optimize the cross-selling of proven trend management tools such as generics, home delivery and specialty pharmacy. This alliance also creates the potential to leverage our behavior-centric approach across the medical benefit."

"Our aligned business model, combined with the complementary expertise and capabilities
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SOURCE WellPoint, Inc.
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