The Federal Trade Commission has approved a $29.1 billion merger between Express Scripts and Medco, which is based in New Jersey. The new company will be headquartered in St. Louis.
Updated at 4:26 p.m. to correct name of Jennifer Mallon's association. It is the National Community Pharmacists Association, not the National Association of Community Pharmacies.
Federal regulators have approved the $29.1 billion merger between pharmacy benefit managers Express Scripts and Medco.
City officials are celebrating the reopening of the C Concourse at Lambert St. Louis International Airport today.
The concourse has been closed since April 22 of last year when a tornado hit causing significant damage.
The concourse is new and improved according to director Rhonda Hamm-Niebruegge with brighter ceilings, new lighting and new restrooms among the improvements. Hamm-Niebruegge recalls the evening the tornado hit.
Express Scripts and Medco Health Services say their merger will help control prescription drug costs. But many prescriptions may only be available by mail, which may not sit well with some consumers.
You probably haven't heard of either Express Scripts or Medco Health Services, but their plans to merge in a $29 billion deal, announced last month, may have an impact on your pocketbook.