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This question is about Express.
Who owns Express Scripts?
Cigna owns Express Scripts and is considered the company's parent organization. Express Scripts was started in 1986 as a result of a joint venture between a retail chain of more than 80 pharmacies, Medicare Glaser Inc., and Sanus Corporation Health Systems.
In 1989, Express Scripts was purchased by the New York Life Insurance Company. In 1992, the company went public, and within a year Express Scripts signed on both FHP International and Maxicare Healthcare, and corporate clients Lockheed, Service Merchandise, and Ingersoll-Rand.
2007 saw the company acquire ConnectYourCare, and handle FSA, HRA, and HSA accounts for many different companies, like Suntrust, Zions Bancorporation, and Allegis. However, in 2012, Express Scripts divested ConnectYourCare.
In 2012, Express Scripts acquired Medco Health Solutions for $29.1 billion.
Then in 2017, the company launched Inside Rx, a partially owned subsidiary that provides discounts on medications for the uninsured and underinsured. Express Scripts also purchased myMatrixx, a workers' compensation pharmacy benefits company based in Tampa, for $250 million.
That same year, Express Scripts was considered the 22nd largest company in the U.S. in terms of total revenue, $100.065 billion, and was also the largest benefit management company in the nation.
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