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Express Scripts, Medco Argue Deal Won’t Harm Competition

Express Scripts Inc. and Medco Health Solutions Inc., facing congressional scrutiny over their plan to form the biggest U.S. pharmacy-benefits manager, told lawmakers the deal would preserve competition and lower costs while improving patient care.

The combined company would control less than one-third of U.S. pharmacy-benefits sales, Express Scripts Chief Executive Officer George Paz said today at a House Judiciary subcommittee hearing. St. Louis-based Express Scripts agreed in July to acquire Medco for $29.1 billion.