Justice Department approves $60 billion Cigna-Express Scripts merger

Published September 17, 2018 7:04pm ET



The Department of Justice on Monday approved a $60 billion merger between Cigna and Express Scripts, a transaction that could help reshape the healthcare industry at a time when the Trump administration is focused on lowering drug costs.

The deal between the top insurer and middleman pharmacy benefit manager is expected to close by the end of 2018 but clearance is pending in several states, the companies said in a statement.

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