Search
 

Express Scripts faces lawsuit over $29B Medco deal

An alliance of drugstores and community pharmacists has filed a federal lawsuit to stop Express Scripts Inc.'s $29.1 billion takeover of Medco Health Solutions Inc., a deal they fear would create a giant pharmacy benefits manager with too much leverage and market share.

By Tom Murphy | Updated on March 29, 2012

An alliance of drugstores and community pharmacists has filed a federal lawsuit to stop Express Scripts Inc.’s $29.1 billion takeover of Medco Health Solutions Inc., a deal they fear would create a giant pharmacy benefits manager with too much leverage and market share.

The National Association of Chain Drug Stores and the National Community Pharmacists Association say a combination of two of the biggest U.S. pharmacy benefits managers would have dire consequences for patients and retail community pharmacists. They warn that the deal could reduce competition and service for patients and raise mail-order drug prices, among other consequences.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.