Express Scripts Acquires SmartD Medicare Prescription Drug Plan

(RTTNews) - Pharmacy benefit manager Express Scripts (ESRX) Monday announced the acquisition of the SmartD Medicare Prescription Drug Plan, or PDP, which will add 87,000 covered Medicare lives. The financial terms of the deal were not disclosed.

"Working together with independent and chain pharmacies, we look forward to serving SmartD members and we are pleased in the continued growth and enhancement of our Medicare PDP offering," said Brit Pim, vice president and general manager, government programs at Express Scripts.

Express Scripts serves millions of Medicare beneficiaries on behalf of its health plans, itsr Employer Group Waiver Plan clients as well as through its own national Express Scripts Medicare PDP.