ESRX/CI: State Update - Roughly Eight State Reviews Remain
Fri 09/28/2018 12:43 PM
Takeaways
Cigna and Express Scripts have made significant progress at the state level, which leaves only about eight states to approve the deal or grant an exemption.
Georgia is the only state which has said it would hold a public hearing but has not already done so. California held a public hearing on Sept. 26, and public comments in that state are due by Oct. 10.
Recent approvals include Tennessee, which granted a waiver last month; Arizona, which approved the transaction on Sept. 11; and Texas, which approved an exemption on Sept. 20. Meanwhile, a 90-day review clock for Florida regulators began when the Express Scripts/Cigna application was deemed complete. If the application was deemed complete shortly after the companies filed on July 2, the review period would end in early October.
Below is the list of states which have either not yet approved the transaction or have not publicly confirmed their approval, along with the most recent update in each state.
--Ryan Lynch
- Georgia is the only state which has said it would hold a public hearing but has not already done so.
- Recent approvals or exemptions include Tennessee, Arizona and Texas.
- Florida’s insurance regulator has 90 days to review an application after it is deemed complete. The state said it received the Express Scripts/Cigna application on July 2.
Cigna and Express Scripts have made significant progress at the state level, which leaves only about eight states to approve the deal or grant an exemption.
Georgia is the only state which has said it would hold a public hearing but has not already done so. California held a public hearing on Sept. 26, and public comments in that state are due by Oct. 10.
Recent approvals include Tennessee, which granted a waiver last month; Arizona, which approved the transaction on Sept. 11; and Texas, which approved an exemption on Sept. 20. Meanwhile, a 90-day review clock for Florida regulators began when the Express Scripts/Cigna application was deemed complete. If the application was deemed complete shortly after the companies filed on July 2, the review period would end in early October.
Below is the list of states which have either not yet approved the transaction or have not publicly confirmed their approval, along with the most recent update in each state.
--Ryan Lynch
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