M&A Deal Summary

Express Scripts Holding Acquires NextRx subsidiaries

On December 1, 2009, Express Scripts Holding acquired business services company NextRx subsidiaries from Elevance Health for 4.7B USD

Acquisition Highlights
  • This is Express Scripts Holding’s 1st transaction in the Business Services sector.
  • This is Express Scripts Holding’s largest (disclosed) transaction.
  • This is Express Scripts Holding’s 10th transaction in the United States.

M&A Deal Summary

Date 2009-12-01
Target NextRx subsidiaries
Sector Business Services
Buyer(s) Express Scripts Holding
Sellers(s) Elevance Health
Deal Type Divestiture
Deal Value 4.7B USD

Target

NextRx subsidiaries

United States
NextRx subsidiaries is acquired by Express Scripts from Wellpoint.

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Buyer(S) 1

Buyer

Express Scripts Holding

St. Louis, Missouri, United States

Category Company
Founded 1986
Sector Healthcare Services
Employees25,900
Revenue 100.1B USD (2017)
DESCRIPTION

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.


DEAL STATS #
Overall 10 of 15
Sector (Business Services) 1 of 2
Type (Divestiture) 3 of 4
Country (United States) 10 of 15
Year (2009) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-22 Medical Service

Bedford, Ohio, United States

MSC was founded in 1985, and its Pharmacy Services Division focuses on serving the pharmacy benefit needs of workers' compensation organizations, including leading workers' compensation insurers and third-party administrators (TPAs), as well as self-insured corporations and government insurance entities.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-02 Medco Health Solutions

Franklin Lakes, United States

Medco Health Solutions, Inc. provides health cares servies for private and public employers, health plans, labor unions, government agencies, and individuals worldwide.

Buy USD29.1B

Seller(S) 1

SELLER

Elevance Health

Indianapolis, Indiana, United States

Category Company
Founded 2001
Sector Insurance
Employees104,900
Revenue 171.3B USD (2023)
DESCRIPTION
Entrance to Elevance Health's corporate headquarters in Indianapolis, Indiana.
Entrance to Elevance Health's corporate headquarters in Indianapolis, Indiana.

Elevance Health is a health benefits company serving customers throughout the United States. Through its networks nationwide, the company delivers a number of leading health benefit solutions through a broad portfolio of integrated health care plans and related services, along with a wide range of specialty products such as life and disability insurance benefits, dental, vision, behavioral health benefit services, as well as long term care insurance and flexible spending accounts. Elevance Health was established in 2001 and is based in Indianapolis, Indiana.


DEAL STATS #
Overall 1 of 3
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 3
Country (United States) 1 of 3
Year (2009) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-29 DeCare Dental

Eagan, Minnesota, United States

DeCare family of companies is a dental benefits management group. Through its affiliates and partners, it is active in all major markets across the United States and has also expanded its operations into Europe. As a company focused on global leadership in oral health care management, DeCare sets the standard for innovation, quality, service and results.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-08 CareMore Health Group

Cerritos, California, United States

CareMore Medical Enterprises is a managed healthcare provider serving Medicare beneficiaries in Los Angeles and Orange Counties in California. The company services approximately 20,000 people through a provider network of 399 primary care physicians, 671 specialists, 76 ancillary providers and 48 acute care hospitals and skilled nursing facilities.

Buy -