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Friday, July 22, 2011

Express Scripts to Buy Medco in $29.1 Billion Bid to Gain Scale

July 21 (Bloomberg) — Arthur Henderson, an analyst at Jefferies & Co., talks about Express Scripts Inc. agreement to buy Medco Health Solutions Inc. for $29.1 billion to become the largest pharmacy-benefits manager in the US Henderson speaks with

Medco Health Solutions Inc. (MHS) surged 16 percent to $64.94 after climbing 19 percent, the most intraday since at least 2003. Express Scripts Inc. (ESRX) agreed to buy the pharmacy benefits manager for $71.36 a share in cash and stock, representing a

Medco Health Solutions Inc. (MHS) is scheduled to release its second-quarter 2011 earnings on July 21, 2011 before the market opens. The company is expected to report EPS of 94 cents on revenues of $17.08 billion during the quarter, according to Zacks

Medco Health Solutions Inc. (MHS) is scheduled to release its second-quarter 2011 earnings on July 21, 2011 before the market opens. The company is expected to report EPS of 94 cents on revenues of $17.08 billion during the quarter, according to Zacks

"In recent years, the major PBMs like Express Scripts and Medco have paid out $370 million to settle claims of fraud and deceptive practices. That 'rap sheet' is likely to only grow longer if this merger is approved and competition is further reduced


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