Business

CVS and Express-Medco mergers lead to boost in shares

LOS ANGELES (MarketWatch) — One thing seems clear — Wall Street loves the idea of pharmacy-benefit managers Express Scripts Inc. and Medco Health Solutions Inc. joining forces.

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In April, five organizations, including Consumers Union and the Consumer Federation of America urged the Federal Trade Commission to investigate the company’s practices, saying the merger has “harmed consumers.”

“By reducing choice, raising prices and violating patient privacy, the combination of CVS Caremark poses profound problems for consumers,” the groups said.

Full story: “Express-Medco shares lifted along with CVS”