Cigna to Acquire Express Scripts
On Thursday, March 8, 2018, Cigna Corporation (Cigna) and Express Scripts Holding Company (Express Scripts) announced that they have entered into a definitive agreement in which Cigna will acquire Express Scripts. You can find additional details on the transaction here at their combined information website.
They indicated that they are joining forces to make it simpler for patients to access healthcare, physicians to do more consultation and less administration, and for payers to provide quality benefits. There are no changes to the day-to-day work they do on our behalf at this time, and they reiterated their commitment to servicing and meeting the needs of The Episcopal Church Medical Trust.
The transaction, which is expected to be completed by December 31, 2018, is subject to the approval of Cigna and Express Scripts shareholders and the satisfaction of customary closing conditions, including applicable regulatory approvals. Until the closing, Cigna and Express Scripts will continue to operate as independent companies.
We will continue to keep you informed as additional information becomes available.