Report
Vishnu Lekraj
EUR 100.00 For Business Accounts Only

Express Scripts is one of the most powerful players along the drug supply chain.

On March 8, Express Scripts and Cigna announced that the managed-care organization will acquire the pharmacy benefit manager for approximately $52 billion in equity, or approximately $92 per share, with Cigna assuming $15 billion in debt from Express. This compares favorably with our $89 fair value estimate for Express and underscores the value and critical nature of the PBM business model to the healthcare market, in our view. Given payers' need to control their health benefit plan costs, the e...
Underlying
Express Scripts Holding Company

Express Scripts Holding is a pharmacy benefit management (PBM) company. The company has two reportable segments: PBM, which consists of clinical solutions, Express Scripts SafeGuardRx

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Vishnu Lekraj

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