We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Express Scripts Announces 3-Year Agreement With Walmart
Read MoreHide Full Article
Leading pharmacy benefit manager Express Scripts Holding Company and retail giant Walmart Inc. (WMT - Free Report) recently announced a three-year agreement to deliver affordable prescription solutions to underinsured and uninsured Americans. Financial terms of the deal have been kept under wraps.
Number of Uninsured Americans in 2018
A news report by Forbes reveals that the number of people in the United States without health insurance has risen to 15.5% as of May 2018, up from 12.7% two years ago.
Considering the growing number of uninsured American populace, the latest development seems to be a timely one.
What’s the Plan Ahead?
In the latest initiative, Express Scripts and Walmart plan to increase affordable access of the prescription drugs for insured and uninsured Americans. These drugs are generally expensive and are considered the first line of treatment for many diseases.
Walmart will leverage on Express Scripts’ pharmacy-savings platforms on brand-name prescription drugs. One such unit is InsideRx, which provides significant discounts (of almost 40%) to uninsured Americans brand-name prescription drugs.
Headquartered in Franklin Lakes, New Jersey, Inside Rx is a subsidiary company of Express Scripts. It provides affordable access to medication, especially for the uninsured and those navigating the changing healthcare landscape.
Per management at Walmart, the latest development will help Americans afford health and wellness products, including the prescription needs in urban, rural and suburban areas.
Share Price Movement
Express Scripts’ stock has outperformed its industry in a year’s time. The stock has gained 40.4% during this period compared with the industry's gain of 28.4%. The current level is also higher than the S&P 500 index's decline of 0.7% over the same time frame. The stock has a Zacks Rank #3 (Hold).
Express Scripts Holding Company Price and Consensus
Meanwhile, shares of Walmart lost 4.2% in a year’s time. This is wider than its industry’s decline of 1% over the same time frame.
Recent Developments
Express Scripts actively pursues deals and acquisitions. The company recently announced plans of expanding its customized workers' compensation pharmacy solutions through the acquisition of myMatrixx, a pharmacy benefit solutions provider for the workers' compensation industry. Furthermore, the acquisition decision of eviCore comes at an interesting time in the healthcare and pharmacy space, as PBM leaders like Express Scripts await a possible decision from e-commerce player Amazon.com, who may or may not move into pharmacy benefits.
Lately, Saratoga County announced an agreement with Inside Rx to offer the Inside Rx discount savings card to Saratoga County residents as part of the County's Prescription Drug Discount Program.
Recently, the company collaborated with Petco with a view to enable millions of pet parents to order and receive pet medicines from the comfort and convenience of home.
Stocks to Consider
A few better-ranked stocks in the broader medical space are Quidel Corporation (QDEL - Free Report) and STAAR Surgical Company (STAA - Free Report) .
With a Zacks Rank #1, STAAR Surgical delivered average four-quarter positive earnings surprise of 400%.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
Express Scripts Announces 3-Year Agreement With Walmart
Leading pharmacy benefit manager Express Scripts Holding Company and retail giant Walmart Inc. (WMT - Free Report) recently announced a three-year agreement to deliver affordable prescription solutions to underinsured and uninsured Americans. Financial terms of the deal have been kept under wraps.
Number of Uninsured Americans in 2018
A news report by Forbes reveals that the number of people in the United States without health insurance has risen to 15.5% as of May 2018, up from 12.7% two years ago.
Considering the growing number of uninsured American populace, the latest development seems to be a timely one.
What’s the Plan Ahead?
In the latest initiative, Express Scripts and Walmart plan to increase affordable access of the prescription drugs for insured and uninsured Americans. These drugs are generally expensive and are considered the first line of treatment for many diseases.
Walmart will leverage on Express Scripts’ pharmacy-savings platforms on brand-name prescription drugs. One such unit is InsideRx, which provides significant discounts (of almost 40%) to uninsured Americans brand-name prescription drugs.
Headquartered in Franklin Lakes, New Jersey, Inside Rx is a subsidiary company of Express Scripts. It provides affordable access to medication, especially for the uninsured and those navigating the changing healthcare landscape.
Per management at Walmart, the latest development will help Americans afford health and wellness products, including the prescription needs in urban, rural and suburban areas.
Share Price Movement
Express Scripts’ stock has outperformed its industry in a year’s time. The stock has gained 40.4% during this period compared with the industry's gain of 28.4%. The current level is also higher than the S&P 500 index's decline of 0.7% over the same time frame. The stock has a Zacks Rank #3 (Hold).
Express Scripts Holding Company Price and Consensus
Express Scripts Holding Company Price and Consensus | Express Scripts Holding Company Quote
Meanwhile, shares of Walmart lost 4.2% in a year’s time. This is wider than its industry’s decline of 1% over the same time frame.
Recent Developments
Express Scripts actively pursues deals and acquisitions. The company recently announced plans of expanding its customized workers' compensation pharmacy solutions through the acquisition of myMatrixx, a pharmacy benefit solutions provider for the workers' compensation industry. Furthermore, the acquisition decision of eviCore comes at an interesting time in the healthcare and pharmacy space, as PBM leaders like Express Scripts await a possible decision from e-commerce player Amazon.com, who may or may not move into pharmacy benefits.
Lately, Saratoga County announced an agreement with Inside Rx to offer the Inside Rx discount savings card to Saratoga County residents as part of the County's Prescription Drug Discount Program.
Recently, the company collaborated with Petco with a view to enable millions of pet parents to order and receive pet medicines from the comfort and convenience of home.
Stocks to Consider
A few better-ranked stocks in the broader medical space are Quidel Corporation (QDEL - Free Report) and STAAR Surgical Company (STAA - Free Report) .
Quidel has long-term expected earnings growth rate of 25% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
With a Zacks Rank #1, STAAR Surgical delivered average four-quarter positive earnings surprise of 400%.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>