Navigation Links
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
'/>"/>

SOURCE WellPoint, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8

Related medicine news :

1. Ninety Percent of Polled Pain Care Professionals Express Fear of Regulation
2. Altered expression of ultraconserved noncoding RNAs linked to human leukemias and carcinomas
3. Sentillion Introduces Affordable Next Generation Healthcare Single Sign-On Solution Called expreSSO(TM)
4. Shopko Express Coming to the Fox Valley
5. Sentillion Introduces Affordable Next Generation Healthcare Single Sign-On Solution Called expreSSO(TM)
6. Mayors Express Frustration Over President Bushs Veto to SCHIP Legislation
7. 10th Anniversary of Revolutionary Teaching Approach that Offers the Severely Disabled the Gift of Self-Expression - Through Painting
8. Great disappointment in veto of SCHIP legislation expressed by American College of Physicians
9. New study shows that therapeutic gene expression can be sustainable for 1 year
10. HearAtLast Teams Up with American Express and Wal-Mart to Conquer Hearing Loss
11. Help is Here Express Bus Tour in California to Help Fire Victims Access Prescription Medicines
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/31/2015)... ... July 31, 2015 , ... Ticket Down is a reliable ... on in Chicago at Grant Park. The festival will end on Sunday, August ... to Chicago for the annual Lollapalooza. This unique and unbelievably popular festival attracts ...
(Date:7/31/2015)... ... July 31, 2015 , ... Recently touted ... in predictive health analytics , Jvion continues to disrupt the predictive analytic ... software that targets patient and population level illness to drive prevention and better ...
(Date:7/31/2015)... ... July 31, 2015 , ... The 2nd annual Ride to Fight On will ... October 3, 2015. The Ride to Fight On is a cycling fundraiser that benefits ... The West Clinic and The University of Tennessee Health Science Center. A health and ...
(Date:7/31/2015)... ... ... There’s no better way to enjoy the summer weather than by being ... meal, making July the most appropriate to be National Hot Dog Month. King Kullen ... the next cookout different than the ones in the past. Celebrate National Hot Dog ...
(Date:7/31/2015)... ... July 31, 2015 , ... Facebook, Twitter, Linkedin and ... their social media profiles to better connect with the public. The agency website ... information, share insights and opinions. The Rally Insurance Group, Inc.’s pledge to provide ...
Breaking Medicine News(10 mins):Health News:Cheap 2015 Lollapalooza Tickets: Ticket Down Slashes Ticket Prices on Lollapalooza Tickets at Grant Park in Chicago for Saturday, August 1st and Sunday, August 2nd 2Health News:Jvion Showcased as Leader in the Predictive Analytic Market 2Health News:West Cancer Center Announces 2nd Annual Ride to Fight On 2Health News:West Cancer Center Announces 2nd Annual Ride to Fight On 3Health News:King Kullen Honors National Hot Dog and Blueberry Month 2Health News:King Kullen Honors National Hot Dog and Blueberry Month 3Health News:Rally Insurance Group, Inc. Connects to Customers Through Re-branded Social Media Profiles 2
... (HealthDay News) -- When the clocks go back an hour ... time change. Many welcome the switch from daylight savings ... of sleep on Sunday, but some will find it difficult ... professor of medicine at the State University of New York ...
... referred to as "varices" in medical jargon, are usually just ... their advanced stage, however, they pose a real health threat. ... longer transported to the heart unhindered but instead pools in ... walls or venous valves no longer function adequately. Dr. Thomas ...
... A rise in periprosthetic joint infection (PJI) rates has the ... and diagnostic criteria to help better treat patients. ... Clinical Orthopaedics and Related Research , was developed ... Javad Parvizi, M.D. , director of Research at the ...
... Nov. 4 (HealthDay News) -- Primary care-based screening for hepatitis ... and lifesaving, a new study says. This type of ... C infection in the United States and save thousands of ... percent of people in the United States are infected with ...
... levels of a number of genes in the naked mole-rat ... and demonstrate resistance to age-related diseases. The Liverpool team ... naked mole-rat - a rodent that lives for more than ... its longevity and resistance to disease. Scientists, in ...
... Nov. 3 (HealthDay News) --,A new British study ... and less costly than primary care-based programs led ... researchers compared weight loss among obese and overweight ... that lasted 12 weeks (Weight Watchers, Slimming World, ...
Cached Medicine News:Health News:Tips to Manage This Weekend's Time Change 2Health News:Protein causes varicose veins 2Health News:A new definition for periprosthetic joint infection 2Health News:A new definition for periprosthetic joint infection 3Health News:Change in Hepatitis Screening May Save Lives, Money 2Health News:Scientists identify genes that may signal long life in naked mole-rats 2Health News:Weighing Weight-Loss Programs 2
(Date:7/30/2015)... ROCHELLE PARK, N.J. , July 30, 2015 /PRNewswire/ ... is voluntarily recalling one lot of Hydrochlorothiazide tablets 25 ... has been initiated as a precautionary measure due to ... bottle of the product. The risk ... a Hydrochlorothiazide tablet is the increased probability of experiencing ...
(Date:7/30/2015)... PTC Therapeutics, Inc. (NASDAQ: PTCT ) today announced ... second quarter ending June 30, 2015. ... We are excited to be near the completion of ... with topline results expected in the fourth quarter," stated ... Inc. "Translarna is now commercially available in 12 countries ...
(Date:7/30/2015)... , July 30, 2015  Cleveland Clinic President ... keynote address last month that industry is compelled to ... to gain the efficiencies—and develop the transformational innovations -- ... Barsoum,s comments were preceded by Doug Kohrs , ... OMTEC moderator, who stressed that industry must add "episode ...
Breaking Medicine Technology:Unichem Pharmaceuticals (USA), Inc. Issues a Voluntary Nationwide Recall of Hydrochlorothiazide Tablets Due to the Potential Presence of Foreign Tablets 2PTC Therapeutics Reports Second Quarter 2015 Financial Results and Provides Corporate Update 2PTC Therapeutics Reports Second Quarter 2015 Financial Results and Provides Corporate Update 3PTC Therapeutics Reports Second Quarter 2015 Financial Results and Provides Corporate Update 4PTC Therapeutics Reports Second Quarter 2015 Financial Results and Provides Corporate Update 5PTC Therapeutics Reports Second Quarter 2015 Financial Results and Provides Corporate Update 6PTC Therapeutics Reports Second Quarter 2015 Financial Results and Provides Corporate Update 7PTC Therapeutics Reports Second Quarter 2015 Financial Results and Provides Corporate Update 8PTC Therapeutics Reports Second Quarter 2015 Financial Results and Provides Corporate Update 9PTC Therapeutics Reports Second Quarter 2015 Financial Results and Provides Corporate Update 10Orthopaedic Surgery Reimbursement Shifts to Episode of Care 2
... Jan. 22, 2012 VisionCare Ophthalmic Technologies, Inc., a ... of end-stage age-related macular degeneration (AMD), today announced the ... Agate Medical Investments leading the expansion round.  Agate,s Managing ... as a board observer. The company ...
... January 20, 2012 Conference: February 13-16, ... CA Organizers of the Medical Design and ... conferences that will be held at the Anaheim Convention ... the largest annual event in the United States dedicated ...
Cached Medicine Technology:VisionCare Announces Close of Series E Expansion Financing and Board Changes 2VisionCare Announces Close of Series E Expansion Financing and Board Changes 3MD&M West 2012 to Feature Twenty Collocated Conferences 2
Interchangeable design allows you to select a single handpiece and change tips during the procedure. Universal connector. Disassembles for easy cleaning. Tips can rotate 360 degrees to re-orient port...
PremierEdge™ Clear Cornea Knives - Trapezoid....
The Astigmatome makes precise and accurate cuts for astigmatism correction simply and safely. Depth: 500 to 700....
The Astigmatome makes precise and accurate cuts for astigmatism correction simply and safely....
Medicine Products: