WASHINGTON – Express Scripts Inc.’s takeover of Medco Health Solutions Inc. may fuel acquisitions of specialty pharmacy benefit managers by rivals seeking to gain enough size to negotiate lower prices with drugmakers.
Once the deal closes, the number of people served by St. Louis-based Express Scripts would rise by 50 percent to 135 million, based on current data, said Art Henderson, an analyst at Jefferies & Co. in Nashville, Tenn. The next biggest rival, CVS Caremark Corp., serves 85 million people.
Pharmacy services companies negotiate prices with drugmakers for employers and governments and manage worker claims. More customers give them added leverage to insist on lower prices, providing savings that may be used by the companies to reduce expenses or compete for contracts. S