Cigna $67 billion acquisition of Express Scripts

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