After a 5-year M&A lull since 2012, Express Scripts acquired a minority stake in Mango Health this March and then acquired MyMatrixx earlier this month.
Express Scripts is the nation’s largest pharmacy benefits manager and saw over $100B in revenue in 2016. However, the company is threatened by the potential loss of their multibillion dollar contract with health insurer Anthem by 2019. Not to mention that Amazon is reportedly considering a push into the pharmacy market, threatening industry stalwarts such as Express Scripts and CVS Health, among others.
Recently Express Scripts announced they will be hunting for future revenue growth via strategic acquisitions, including companies targeting, “cost-containment, payer services, worker’s compensation, specialty pharmacy, and health care analytics.”
After a 5-year M&A lull since 2012, Express Scripts acquired a minority stake in Mango Health (medication adherence, health analytics) this March and then acquired MyMatrixx (worker’s compensation) earlier this month. To view all of Express Scripts investments, see this deal search.