NEW YORK - Health insurer Cigna will spend about $52 billion to acquire the pharmacy benefits manager Express Scripts, the latest in a string of proposed buyouts and tie-ups in a rapidly shifting landscape for the health services industry.
Including $15 billion in debt, the proposed $67 billion acquisition would follow a deal late last year in which CVS Health Corp. would spend $70 billion for Aetna Inc.
The health sector has been jolted not only by the Affordable Care Act and questions about the form of U.S. health policy going forward, but also the potential arrival of the ultimate disruptor, Amazon.com.
The deal announced Thursday consists of $48.75 in cash and 0.2434 shares of stock of the combined company per Express Scripts share.
Read more top trending stories on wsoctv.com:
- Mother irate after stranger picks up first-grade son from Rowan Co. school
- Details emerge about accused Parkland shooter’s texts
- Objects thrown from I-485 overpass shatters truck driver’s windshield
- Man identified as North Carolina gang leader sentenced
- WATCH: Vicki Graf’s Thursday weather outlook
- SWINDLED: Man boots cars, demands cash as part of scam, woman says
Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.