Express Scripts Acquires SmartD Medicare Drug Plan

Express Scripts (NASDAQ: ESRX  ) has acquired Smart Insurance's SmartD Medicare prescription drug plan (PDP) for an undisclosed amount, Express Scripts announced today. The deal, according to Express Scripts, will add "87,000 covered Medicare lives."

SmartD customers will be serviced along with Express Scripts' existing Medicare beneficiaries, which number in the millions, the company said.

In response to the acquisition, Express Scripts' vice president and general manager, government programs Brit Pim said in a statement, "Working together with independent and chain pharmacies, we look forward to serving SmartD members and we are pleased in the continued growth and enhancement of our Medicare PDP offering."


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2628087, ~/Articles/ArticleHandler.aspx, 4/16/2014 1:10:49 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement