Express Scripts Q1 Results Boosted by Medco Transaction

Express Scripts Holding Co. said its first-quarter net income from continuing operations was $374 million, up from $267 million during the same period last year.The results from the first quarter were affected by the inclusion of Medco results beginning in the second quarter of 2012. In April 2012, St. Louis-based Express Scripts paid $29 billion in cash and stock for Medco, headquartered in Franklin Lakes, N.J., to create the largest pharmacy benefits manager in the United States. During the period, adjusted claims from continuing operations increased 102% to $390 million. The adjusted earnin...