Market Value of Insurers, Drugstores Drops on Amazon Plans to Sell Prescription Drugs November 17, 2020 By Cristin Flanagan The leading drugstores, drug distributors and health insurers lost about $22 billion in market value Tuesday after Amazon.com Inc. revealed...
How Pharmacies Are Resisting Amazon’s Attempt to Corner Their Business September 19, 2019 By Robert Langreth Getting into the pharmacy business was easy for Amazon.com: It paid $753 million to buy the mail-order startup PillPack. The...
U.S. Clears Way for CVS Acquisition of Aetna That Promises Consumer Cost Savings October 11, 2018 By Diane Bartz and Caroline Humer Pharmacy chain CVS Health Corp. won U.S. antitrust approval for its $69 billion acquisition of health insurer Aetna Inc., the...
Cigna Says Express Scripts Acquisition Passes Antitrust Review September 17, 2018 By Caroline Humer Health insurer Cigna Corp.’s $52 billion acquisition of pharmacy benefits manager Express Scripts Holding Co. has passed U.S. antitrust scrutiny,...
Cigna Confident About Express Scripts Deal, Despite Icahn Opposition August 3, 2018 By Ankur Banerjee Cigna Corp. said on Thursday it was confident of winning shareholder approval for its $52 billion Express Scripts buyout, a...
Investor Icahn to Oppose Cigna-Express Deal, Fearing Amazon Threat: Sources August 2, 2018 By Scott Deveau, Zachary Tracer and Robert Langreth Activist investor Carl Icahn has built a sizable stake in Cigna Corp. and plans to oppose the health insurer’s $54...
Amazon to Buy Online Pharmacy Startup PillPack as Entry Into Health Care June 28, 2018 By Robert Langreth Amazon.com Inc. agreed to buy the online pharmacy startup PillPack, jumping into the health care business with a deal that...