The deal gives Walgreen access to the 150 million members of the Express Scripts pharmacy benefits management network, by far the largest network in the country. In June Walgreen added a multiyear agreement with OptumRx, a division of Unitedhealth Group Inc. (NYSE: UNH), that gave OptumRx’s 14 million members access to Walgreen’s 7,800 retail stores.
Walgreen shares are up about 14% in premarket trading, at $35.25, in a 52-week range of $28.53 to $42.36.
Shares of Express Scripts are up about 3.3% at $59.60, a new 52-week high if it holds. The current 52-week range is $34.47 to $58.98.
Paul Ausick
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