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News Summary: Express Scripts profit rises in 3Q

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The Associated Press | November 5, 2012 06:46 PM EST | AP


THE RESULTS: Express Scripts' profit rose 20 percent in the third quarter as the company booked millions of new prescriptions following its acquisition of Medco.

GLOOMY OUTLOOK: Despite that improved performance, company executives warned that 2013 could bring a weaker business climate, impacting results.

MERGER RX: Express Scripts Holding Co. finished its acquisition of Medco Health Solutions Inc. on April 2, shortly after the first quarter started. The deal makes Express Scripts the largest pharmacy benefits manager.