DOTmed Home MRI Oncology Ultrasound Molecular Imaging X-Ray Cardiology Health IT Business Affairs
News Home Parts & Service Operating Room CT Women's Health Proton Therapy Endoscopy HTMs Mobile Imaging
Current Location:
> This Story

Log in or Register to rate this News Story
Forward Printable StoryPrint Comment




Business Affairs Homepage

J. Michael Losh Cardinal Health appoints member to board of directors

Dr. Michael Rosol Navidea Biopharmaceuticals appoints chief medical officer

MDW aims to combat radiologist shortage with blockchain Connecting radiologists seeking volume to the facilities that need reading support

Dr. Hermann Requardt United Imaging Healthcare appoints senior scientific advisor

United Imaging Healthcare makes US debut at RSNA Bringing MR, CT, X-ray and PET/CT manufacturing to Houston

Dr. Jaewon Ryu Geisinger appoints interim president and CEO

Dr. Kent Thielen Mayo Clinic appoints CEO of its Florida operations; board of trustees names two new members

Medical charities do measurable good in the world A look at some organizations bringing goods and services where they are needed most

Mike Lobinsky EOS Imaging appoints new President North America

Merit Medical Systems closes acquisition of Cianna Medical Deal worth $135 million with possible additional incentivized payments

DOJ clears Cigna, Express Scripts deal

by Thomas Dworetzky , Contributing Reporter
The Cigna and Express Scripts $52 billion acquisition deal has moved forward, as the companies have announced that U.S. Department of Justice antitrust regulators have now cleared their pending merger.

“We are pleased that the Department of Justice has cleared our transaction and that we are another step closer to completing our merger and delivering greater affordability, choice and predictability to our customers and clients as a combined company,” David Cordani, president and chief executive officer of Cigna, said in a statement. “The value that we deliver together will help put our society on a far more sustainable path – one that helps health care professionals close gaps in care and supports our customers along their health journey.”

Story Continues Below Advertisement

RamSoft PowerServer™ RIS/PACS - Enabling Efficient Diagnostic Imaging

RamSoft's PowerServer™ RIS/PACS is an intuitive, single database application that enables healthcare practices to operate diagnostic imaging more efficiently than ever before.Why is this important? Click to find out.

The move from health insurer Cigna and pharmacy benefit manager Express Scripts may improve care and cut costs for patients, as the companies advise, but it also comes in a fast-changing landscape as competitors grow and chase deals of their own – as well as in the midst of both political pressures over healthcare costs and Amazon's impending entry into the game.

“Today’s decision is one more important milestone in our effort to combine two innovative health services leaders into a company that will transform health care,” according to Tim Wentworth, president and chief executive officer of Express Scripts.

Shareholders gave the deal the nod last month, despite objections from investor Carl Icahn, whose open letter begged stockholders to nix the deal, according to CNBC.

After the review, DOJ's Antitrust Division found that the combination “is unlikely to result in harm to competition or consumers,” assistant attorney general of the antitrust division Makan Delrahim said in a statement.

The review found that there would still be “at least two large pharmacy benefit management firms and several smaller in the market” and that it would be hard for Cigna “to increase PBM costs” for other insurers because of competition from other integrated insurer-PBM players.

“The Cigna-Express Scripts deal is essentially a replication of what UnitedHealth has done,” Brad Haller, a consultant and director of mergers & acquisitions at West Monroe Partners, told the business news network.

With this approval, the firms now anticipate the deal to close on schedule by the end of 2018, assuming the completion of other customary closing conditions.
  Pages: 1 - 2 >>

Business Affairs Homepage

You Must Be Logged In To Post A Comment

Increase Your
Brand Awareness
Auctions + Private Sales
Get The
Best Price
Buy Equipment/Parts
Find The
Lowest Price
Daily News
Read The
Latest News
Browse All
DOTmed Users
Ethics on DOTmed
View Our
Ethics Program
Gold Parts Vendor Program
Receive PH
Gold Service Dealer Program
Receive RFP/PS
Healthcare Providers
See all
HCP Tools
A Job
Parts Hunter +EasyPay
Get Parts
Recently Certified
View Recently
Certified Users
Recently Rated
View Recently
Certified Users
Rental Central
Rent Equipment
For Less
Sell Equipment/Parts
Get The
Most Money
Service Technicians Forum
Find Help
And Advice
Simple RFP
Get Equipment
Virtual Trade Show
Find Service
For Equipment
Access and use of this site is subject to the terms and conditions of our LEGAL NOTICE & PRIVACY NOTICE
Property of and Proprietary to, Inc. Copyright ©2001-2018, Inc.