Health insurer Cigna said Thursday that its $52 billion acquisition of Express Scripts, the St. Louis County-based pharmacy benefits manager, is expected to close by the end of the year.
With the deal’s closure looming, Express Scripts on Wednesday posted third-quarter earnings 27 percent higher than a year ago.
Net income was $1.072 billion, or $1.89 per share, for the quarter ended Sept. 30. That was up from $842 million, or $1.46, in the same period last year.
Earnings per share adjusted for one-time gains and costs were $2.43, beating Wall Street expectations.
Express Scripts posted revenue of $25.56 billion, up 3.6 percent from a year ago. Revenue also beat Wall Street estimates.
Read more: St. Louis Post-Dispatch