Cigna $67 billion acquisition of Express Scripts

8/3/2018
Public acquisition

$ 67 billion

Announced

8/3/2018


Overview:

  • Health insurance company Cigna has acquired pharmacy benefits manager Express Scripts in a $67 billion deal. 
  • The transaction cost includes about $15 billion of Express Scripts' debt. 
  • Cigna received debt financing from Morgan Stanley Senior Funding and The Bank of Tokyo-Mitsubishi UFJ.
  • Morgan Stanley acted as financial adviser for Cigna and Centerview Partners and Lazard Frères advised Express Scripts. 

Kurt Stumpo - Journalist

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