Cigna To Spend About $52 Billion For Express Scripts

NEW YORK (AP) – Health insurer Cigna will spend about $52 billion to acquire the pharmacy benefits manager Express Scripts, the latest in a string of proposed buyouts and tie-ups in a rapidly shifting landscape for the health services industry.
Including $15 billion in debt, the proposed $67 billion acquisition would follow a deal late last year in which CVS Health Corp. would spend $70 billion for Aetna Inc.
The health sector has been jolted not only by the Affordable Care Act and questio