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Express Scripts
 | |
| Company type | Subsidiary |
|---|---|
| Industry | |
| Founded | 1986, in St. Louis County, Missouri |
| Headquarters | St. Louis County, Missouri, U.S. |
Key people | Adam Kautzner (president, Express Scripts) |
| Products | Prescription benefit management, specialty prescription management |
| Revenue |  US$ 100.065 billion 2017[1] |
 US$ 5.494 billion (2017)[1] | |
| US$ 4.532 billion (2017)[1] | |
| Total assets | US$ 54.256 billion (2017)[1] |
| Total equity | US$ 18.125 billion (2017)[1] |
Number of employees | 26,600 (2017)[1] |
| Parent | Cigna |
| Subsidiaries | |
| Website | express-scripts |
| Footnotes / references [2][3] | |
Express Scripts Holding Company is a pharmacy benefit management (PBM) organization. In 2017 it was the 22nd-largest company in the United States by total revenue as well as the largest pharmacy benefit management (PBM) organization in the United States.[2] Express Scripts had 2016 revenues of $100.752 billion.[2] Since December 20, 2018, the company has been a direct subsidiary of Bloomfield, Connecticut-based Cigna.
The term "Scripts" in the company title refers to the widely used clipped version of prescription.
Headquartered in Greater St. Louis within unincorporated North St. Louis County, Missouri, Express Scripts provides integrated pharmacy benefit management services including network-pharmacy claims processing; home delivery pharmacy services; specialty pharmacy benefit management, through its subsidiary Accredo; benefit-design consultation; drug-utilization review; formulary management; and medical and drug data analysis services to manage drug plans for health plans, self-insured employers and government agencies (both as administrator of employee benefits and public assistance programs). One of its largest clients is the United States Department of Defense's Tricare program.[4]
Express Scripts also offers pharmacy benefit management services for workers' compensation insurance programs. The program is accredited by URAC, the nation's largest accrediting body for pharmacy benefit management companies.
The company processes pharmaceutical claims for members through a network of retail pharmacies. Its own automated pharmacies dispense medications for chronic long-term diseases, such as diabetes or heart disease, directly to members by home delivery.[5]: 4
On March 7, 2018, it was announced that Cigna would buy Express Scripts in a $67 billion deal.[6][7]
The deal closed on December 20, 2018 at $54 billion, allowing Cigna to start offering new Express Scripts products to its corporate health insurance customers in 2019.[8]
- ^ a b c d e f "Express Scripts 2017 Annual Report (Form 10-K)". Archived from the original (PDF) on 1 April 2018. Retrieved 31 March 2018.
- ^ a b c "Express Scripts Holding". Fortune. 2017. Key Financials (Last Fiscal Year). Archived from the original on 2017-05-20. Retrieved 2017-05-21.
- ^ "Express Scripts Holding Company Profiles". Yahoo! Finance. Archived from the original on April 24, 2017. Retrieved May 20, 2017.
- ^ "We Are Express Scripts : We Never Stand Still (2010 Annual Report)" (PDF download). NASDAQ. 9 March 2011. Retrieved 11 August 2015.[dead link]
- ^ "EXPRESS SCRIPTS HOLDING COMPANY FORM 10-K". EDGAR. 18 February 2013. Retrieved 20 November 2013.
- ^ "Health insurer Cigna to buy Express Scripts in $67 billion deal". CNBC. March 7, 2018. Archived from the original on March 8, 2018. Retrieved March 8, 2018.
- ^ Minemyer, Paige (March 8, 2018). "Cigna to buy Express Scripts in $67B deal". FierceHealthcare. Retrieved March 8, 2018.
- ^ Humer, Caroline (December 20, 2018). "Cigna closes $54 billion purchase of Express Scripts". Reuters. Retrieved January 4, 2019.
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