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Express Scripts to Buy Medical Gatekeeper for $3.6 Billion

  • EviCore Healthcare clears pricey scans and tests for insurers
  • Transaction comes as possible Amazon.com pharmacy threat looms
Express Scripts His a full service pharmacy benefit management and specialty managed care company serving clients throughout North America.

Express Scripts His a full service pharmacy benefit management and specialty managed care company serving clients throughout North America.

Photographer: Joe Raedle/Getty Images
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Express Scripts Holding Co. agreed to pay $3.6 billion to acquire closely held EviCore Healthcare, a company that preapproves scans and other costly medical tests for health plans.

The deal comes as Express Scripts is facing challenges on a number of fronts, including the possible loss of its largest customer, health-insurance giant Anthem Inc., and the potential entry of Amazon.com Inc. into the business of managing prescription-drug benefits.