BATESWHITE.COM Express Scripts acquisition of Medco CASE STUDY Client EXPRESS SCRIPTS INC. MEDCO HEALTH SOLUTIONS INC. Industry HEALTHCARE In July 2011, Express Scripts, Inc. (Express Scripts) agreed to buy Medco Health Solutions Inc. (Medco), a deal valued at $29 billion. Both companies are pharmacy-benefits managers (PBMs), which negotiate drug prices for health-plan sponsors, manage claims, and track patients’ use of medicines. Purchasers

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