Cigna and Express Scripts shareholders on Friday approved the insurer’s acquisition of the pharmacy benefit manager in a $67 billion deal, Fierce Healthcare reports.
According to the report, 90 percent of Cigna’s shareholders voted in favor of the agreement, while 78 percent of Express Scripts’ shareholders approved the deal.
“Our combined company will enhance Cigna’s differentiated service-based model, fueled by actionable insights and analytics, to drive innovation and meaningful growth in a highly dynamic market environment,” Cigna CEO David Cordani said in a statement. “As a result, we will build more effective partnerships, further improve health outcomes and deliver a superior customer experience.”
Express Scripts CEO Tim Wentworth in a statement said the combined force of Cigna and Express Scripts will “transform healthcare.”