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Cigna to buy Express Scripts

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Health insurer Cigna agreed to buy pharmacy benefits manager Express Scripts, which is based out of St. Louis.

The proposed $67 billion deal includes the assumption of approximately $15 billion in Express Scripts debt.

“This combination accelerates Cigna’s enterprise mission of improving the health, well-being and sense of security of those we serve, and in turn, expanding the breadth of services for our customers, partners, clients, health plans and communities,” Cigna President and CEO David Cordani said in a statement.

Read more from Reuters.

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