Billionaire investor Carl Icahn now says he will support Cigna’s proposed purchase of Express Scripts, citing recommendations of two influential proxy advisors who came out in favor of the merger.
Rite Aid has ample opportunities to partner with health insurers and grow its EnvisionRx PBM into new Medicare Part D markets following the decision to end its merger with Albertsons.
Rite Aid’s argument before shareholders that the Albertsons merger may be the only savior will be put to the test Thursday when shareholders vote on the deal.
Albertsons and Rite Aid plan to escalate the narrow pharmacy network strategy should their merger be approved so the larger company can compete with CVS Health, Walgreens and Walmart.
Amazon’s purchase of the online retail pharmacy PillPack comes as Rite Aid shareholders weigh whether to vote in favor of a merger with Albertsons grocery.