Summary Box: Express Scripts, Medco face lawsuit

AP News
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Posted: Mar 29, 2012 3:36 PM
Summary Box: Express Scripts, Medco face lawsuit

THE LAWSUIT: The National Association of Chain Drug Stores, the National Community Pharmacists Association and some retail pharmacies are suing Express Scripts Inc. and Medco Health Solutions Inc. over their proposed $29.1 billion combination.

THE CLAIM: The plaintiffs argue that such a deal would create a giant pharmacy benefits manager with too much leverage and market share. They say it could reduce competition and service for patients and raise mail-order drug prices, among other consequences.

DEAL STAUS: Regulators are still reviewing it, but the companies said Wednesday it could close as soon as next week.