Deals
Express Scripts, Medco Win Approval for $29 Billion Deal
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Express Scripts Inc., the largest U.S. pharmacy benefits manager, received regulatory approval for its $29.1 billion acquisition of Medco Health Solutions Inc., a deal that may drive down costs for the company and consumers.
The Federal Trade Commission approved the purchase by a 3-1 vote today. Clearance was unconditional, with the commissioners saying their eight-month review of the deal found “a competitive market for pharmacy benefit management services.”