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buy canada goose jacket A pharmacy employee fills a prescription in canada goose coats on sale New York, December 23, 2009. REUTERS/Lucas Jackson buy canada goose jacket
The deal would be the biggest ever in the healthcare services industry and give canada goose Express Scripts close to one third of the pharmacy benefits market, gaining much more leverage for negotiating drug prices for employers and other clients who must canada goose factory sale reduce canada goose uk outlet their exposure to spiraling healthcare costs.
The industry expertise in managing pharmacy spending has made its services all the more attractive and lured new competitors like insurer UnitedHealth Group.
canada goose clearance sale The deal would also give the combined company greater clout against drugstore chains like Walgreen Co and increase competition with the likes of CVS Caremark Corp. canada goose clearance sale
canada goose deals would be canada goose black friday sale more than twice as big as their next largest competitor, Morningstar analyst Matthew Coffina, referring to CVS. is really what matters in this business in terms of bargaining power relative to suppliers, the ability to operate mail order facilities buy canada goose jacket cheap and process claims efficiently. canada goose deals
canada goose black friday sale Express Scripts will pay $71.36 per Medco share, a 28 percent premium to Medco closing price on Wednesday. Medco shareholders will receive $28.80 cash and 0.81 of an Express Scripts share for each Medco share they own. https://www.cheapcanadagoose.net canada goose black friday sale
canadian goose jacket Medco shares closed up just 14.4 percent at $63.83. regulators will approve a deal that would whittle the large industry players down to two from three. Coffina gave it a less than 50 percent chance. canadian goose jacket
Canada Goose Parka like a coin flip right now about whether it gets approved or not, Gabelli Co analyst Jeff Jonas said. Canada Goose Parka
Express Scripts is an experienced acquirer, having struck more than a half dozen sizable deals since 1998, though this would easily be its biggest. It recently finished integrating its roughly $4.7 billion purchase of the drug benefits unit of insurer WellPoint Inc. In 2007, Express Scripts failed in a bid to wrest away Caremark from CVS.
buy canada goose jacket cheap Express Scripts shares closed up Canada Goose online 5.4 percent at $55.36. buy canada goose jacket cheap
canada goose coats ANTITRUST ARGUMENT Pharmacy benefit managers, or PBMs, administer drug benefits for employers and health plans and also uk canada goose outlet run extensive cheapcanadagoose.net mail order pharmacies. canada goose coats
Canada Goose Jackets The Medco Express Scripts deal would canada goose store create cheap canada goose uk a company canada goose clearance with 1.6 billion annual prescription claims, while CVS Caremark would be second at 940 million, said JMP Securities analyst Constantine Davides. Canada Goose Jackets
Canada Goose sale will be an antitrust hurdle to clear, Davides said. will take Canada Goose Jackets a while on the regulatory front, but it a consolidating industry. wouldn be doing this if we didn think we didn have a very good chance of getting this through. Canada Goose sale
Sharon Treat, a Maine state legislator who has been critical of PBMs, said the industry was concentrated even buy canada goose jacket before this deal.
canada goose store more likely to increase the prices that consumers pay when they go to a pharmacy Canada Goose Coats On Sale to fill their prescriptions, said Treat, who is also executive director of the National Legislative Association on Prescription Drug Prices. canada goose store
Canada Goose Outlet The Medco Express Scripts agreement provides for a break up fee in certain circumstances, but not in the event of failure to obtain regulatory clearance. Canada Goose Outlet
MEDCO UNDER PRESSURE Medco, the Canada Goose Parka bigger Canada Goose sale company canada goose coats in terms of revenue, suffered a major setback in canada goose uk black friday May when it lost a big pharmacy benefits contract to CVS. uk canada goose public pension fund.
Canada Goose online On Thursday, the company said its account with UnitedHealth, which represents 17 percent of Medco revenue, would not be renewed. UnitedHealth is building up its own drug benefits business and stands to become a serious competitor. Canada Goose online
the attrition risk Canada Goose Outlet Medco faces over the next few years, in regard to the UnitedHealth contract going away in 2013 and canada goose clearance sale other publicized losses, (the Express Scripts pact is) a good deal for Medco cheap Canada Goose and their shareholders, Davides said.
Medco said on Thursday its Canada Goose Online quarterly profit fell 4 percent to $342.8 million, while total prescription canada goose uk shop volumes rose 0.5 percent. Express Scripts said its net profit rose more than 15 percent to $334.2 million.
canada goose coats on sale At 10 times Medco earnings before interest, taxes, depreciation and amortization, the deal is in line with previous acquisitions in the PBM industry valued at 10 to 12 times EBITDA, Jonas said. canada goose coats on sale
canada goose Credit rating agency Standard Poor revised its outlook on Express Scripts to negative after the deal announcement, citing significant integration risk in addition to its stretched financial risk profile canada goose.