Cigna, Express Scripts delay merger deadline to mid-2019

Cigna and Express Scripts don’t expect their deal to close by a Dec. 8 deadline and have extended their deadline six months.

Advertisement

The companies’ new merger termination date is June 8, 2019, according to a Nov. 21 Securities and Exchange Commission filing. The merger’s review process is being held up in three states: California, New York and New Jersey.

Despite the deadline extension, Cigna and Express Scripts anticipate their $67 billion deal will close in 2018, according to the filing.

More articles on payers:
CVS-Aetna deal to close Nov. 28
The 2019 open enrollment season: 3 new stats
Analysts give Walgreens-Humana thumbs up: 4 things to know

At the Becker's 5th Annual Fall Payer Issues Roundtable, taking place November 2–3 in Chicago, payer executives and healthcare leaders will come together to discuss value-based care, regulatory changes, cost management strategies and innovations shaping the future of payer-provider collaboration. Apply for complimentary registration now.

Advertisement

Next Up in Payer

Advertisement

Comments are closed.