Express Scripts CEO open to insurer deal, ties with Amazon

Express Scripts Holding Co.’s chief executive said he is open to a deal with a health insurer or partnering with Amazon.com Inc.

CEO Tim Wentworth’s St. Louis County-based pharmacy benefits company has been battered by departing clients and the vague specter of Amazon’s entry into the drug business.

If a major insurer was interested in a deal, “I would be open to it,” Wentworth said. “We don’t need to sell to be very successful in the future, but we are always open to others who may all of sudden conclude they want what we have.”

He said the company isn’t actively seeking a large deal or sale.

Health-care companies and investors have been grappling with what would happen if Amazon used its substantial might to enter the drug distribution, benefits or retail business. The online retailer has made no clear moves to do so, so far, and hasn’t commented publicly on its intentions.

“I am not so sure Amazon gets in in the end,” Wentworth said. “I am sure they are looking at it, they must be.”

Read more: Bloomberg


Tags:, ,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students

Learn more