Express Scripts Bold Deal

I’ve recently discussed the growing merger wave in healthcare. This is a trend that every investor ought to be a part of. This morning, one of my favorite healthcare picks, Express Scripts (ESRX), announced plans to buy WellPoint‘s (WLP) in-house pharmacy-benefit management business for $4.68 billion. I like this deal and it will give ESRX a huge lift against its rivals.

When you have lots of cash, low stock prices and a crowded industry, you’re going to see consolidation. I was also glad to see that Express Scripts is funding the deal with cash and stock. Expect to see more big deals in the near-future.

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