Express Scripts, which closed one of two Bensalem mail-order pharmacy operations last December, is buying its rival Medco Health Solutions for $29 billion, or $71.36 per share.
Medco, based in Franklin Lakes, N.J., has a large, highly automated facility in Willingboro. Should the deal pass regulatory muster, St. Louis-based Express Scripts would become the largest pharmacy benefits manager, surpassing CVS Caremark.
Medco said Dec. 21 that its shareholders have approved the proposed acquisition.
Medco indicated that a preliminary count of votes from a special meeting shows that 99 percent of shareholders voted for the deal. About 72 percent of the shares entitled to vote were present at the meeting.