M&A Deal Summary

Cigna Acquires Express Scripts Holding

On March 8, 2018, Cigna Corp. acquired healthcare services company Express Scripts Holding Co. for 67.0B USD

Acquisition Highlights
  • This is Cigna’s 5th transaction in the Healthcare Services sector.
  • This is Cigna’s 1st largest (disclosed) transaction.
  • This is Cigna’s 10th transaction in the United States.
  • This is Cigna’s 1st transaction in Missouri.

M&A Deal Summary

Date 2018-03-08
Target Express Scripts Holding Co.
Sector Healthcare Services
Buyer(s) Cigna Corp.
Deal Type Add-on Acquisition
Deal Value 67.0B USD
Advisor(s) Centerview Partners LLC
Lazard Ltd. (Financial)
Skadden, Arps, Slate, Meagher & Flom LLP
Holland & Knight LLP (Legal)

Target

Express Scripts Holding Co.

St. Louis, Missouri, United States
website
Express Scripts Holding Co. is a provider of integrated pharmacy-benefit management services. Services include network-pharmacy claims processing, home delivery, specialty benefit management, benefit-design consultation, drug-utilization review, formulary management, and medical and drug data analysis services. Express Scripts Holding Co. was formed in 1986 and is based in St. Louis, Missouri.

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Buyer(S) 1

Buyer

Cigna Corp.

Bloomfield, Connecticut, United States

website


Category Company
Founded 1792
SectorHealthcare Services
Employees36,500
Revenue 34.9B USD (2014)
DESCRIPTION
Cigna office in Pittsburgh, Pennsylvania.
Cigna office in Pittsburgh, Pennsylvania.

Cigna Corp. is a health services organization. Its insurance subsidiaries are major providers of medical, dental, disability, life and accident insurance. Cigna dates back to 1792 and is based in Bloomfield, Connecticut.


DEAL STATS #
Overall 14 of 14
Sector (Healthcare Services) 5 of 5
Type (Add-on Acquisition) 11 of 11
State (Missouri) 1 of 1
Country (United States) 10 of 10
Year (2018) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-14 Brighter, Inc.

Santa Monica, California, United States

Brighter, Inc. is a provider of an innovative SaaS digital health plan platform and engagement services to leading health services organizations helping them deliver best-in-class products to their customers and greater opportunities for their participating providers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-18 Cigna Corp. - Group Life and Disability Insurance Business

Bloomfield, Connecticut, United States

Cigna Corp.'s Group Life and Disability Insurance Business is a provider of insurance service in Bloomfield, Connecticut.

Sell $6.3B