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Walgreens Likely To Buy PBM Express Scripts, CEO's Statements Hint

January 9, 2016: 12:00 AM EST
Pharmacy chain Walgreens is expected to acquire pharmacy benefit manager Express Scripts, based on comments by company CEO Stefano Pessina who said “vertical integration is a necessity” for future expansion plans. During the company’s latest earnings call, Pessina also noted that Walgreens had made two large acquisition deals in less than a year. Its rival CVS Health owns Caremark, the second-largest PBM in the United States, which has helped the company’s shares outperform Walgreens by more than 90 percent.
Max Nisen, "Walgreens' Next Big Deal", Bloomberg Gadfly, January 09, 2016, © Bloomberg L.P.
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