Express Scripts Sells Inherited Subsidiary

Express Scripts Holding Co., the nation’s largest pharmacy benefits manager, sold to a California company one division of United BioSource Corp., a subsidiary it inherited when it acquired Medco Health Solutions for $29 billion in April 2012. The sale was part of a restructuring announced last August that included plans to get rid of diabetic testing supply and related businesses, dissolve a joint venture in China, wind down business in Germany and France and exit its European headquarters in Amsterdam.

Read more in the St. Louis Business Journal

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