UNITED STATES
SECURITIES EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )
EXPRESS SCRIPTS, INC.
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
302182100
(CUSIP Number)
January 18, 2007
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ]___Rule 13d-1(b)
[X]___Rule 13d-1(c)
[ ]___Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Continued on following pages
Page 1 of 9 Pages
Exhibit Index: Page 8
SCHEDULE 13G
CUSIP No.: 302182100 Page 2 of 9 Pages
................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
GLENVIEW CAPITAL MANAGEMENT, LLC
................................................................................
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
................................................................................
3. SEC Use Only
................................................................................
4. Citizenship or Place of Organization
Delaware
................................................................................
5. Sole Voting Power None
.........................................................
Number of Shares
Beneficially Owned
by Each Reporting
Person With
6. Shared Voting Power 7,349,404
.........................................................
7. Sole Dispositive Power None
.........................................................
8. Shared Dispositive Power 7,349,404
................................................................................
9. Aggregate Amount Beneficially Owned by Each Reporting Person
7,349,404
................................................................................
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
[ ]
................................................................................
11. Percent of Class Represented by Amount in Row (9)
5.4% based on 135,437,000 shares outstanding as of September 30, 2006.
................................................................................
12. Type of Reporting Person:
OO
SCHEDULE 13G
CUSIP No.: 302182100 Page 3 of 9 Pages
................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
LAWRENCE M. ROBBINS
................................................................................
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
................................................................................
3. SEC Use Only
................................................................................
4. Citizenship or Place of Organization
United States of America
................................................................................
5. Sole Voting Power None
........ ................................................
Number of Shares
Beneficially Owned
by Each Reporting
Person With
6. Shared Voting Power 7,349,404
........ ................................................
7. Sole Dispositive Power None
........ ................................................
8. Shared Dispositive Power 7,349,404
................................................................................
9. Aggregate Amount Beneficially Owned by Each Reporting Person
7,349,404
................................................................................
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
[ ]
................................................................................
11. Percent of Class Represented by Amount in Row (9)
5.4% based on 135,437,000 shares outstanding as of September 30, 2006.
................................................................................
12. Type of Reporting Person:
IA
Page 4 of 9 Pages
Item 1(a). Name of Issuer:
Express Scripts, Inc. (the "Issuer").
Item 1(b). Address of Issuer's Principal Executive Offices:
13900 Riverport Dr., Maryland Heights, Missouri 63043.
Item 2(a). Name of Person Filing
This Statement is filed on behalf of each of the following
persons (collectively, the "Reporting Persons"):
i) Glenview Capital Management, LLC ("Glenview Capital
Management"); and
ii) Lawrence M. Robbins ("Mr. Robbins").
This Statement relates to Shares (as defined herein) held for
the accounts of Glenview Capital Partners, L.P., a Delaware limited partnership
("Glenview Capital Partners"), Glenview Institutional Partners, L.P., a Delaware
limited partnership ("Glenview Institutional Partners"), Glenview Capital Master
Fund, Ltd., a Cayman Islands exempted company ("Glenview Capital Master Fund"),
Glenview Offshore Opportunity Fund, Ltd., a Cayman Islands exempted company
("Glenview Offshore Opportunity Fund"), Glenview Capital Opportunity Fund, L.P.,
a Delaware limited partnership ("Glenview Capital Opportunity Fund"), GCM Little
Arbor Master Fund, Ltd., a Cayman Islands exempted company ("GCM Little Arbor
Master Fund"); GCM Little Arbor Institutional Partners, L.P., a Delaware limited
partnership ("GCM Little Arbor Institutional Partners"), and GCM Little Arbor
Partners, L.P., a Delaware limited partnership ("GCM Little Arbor Partners").
Glenview Capital Management serves as investment manager to
each of Glenview Capital Partners, Glenview Institutional Partners, Glenview
Capital Master Fund, Glenview Offshore Opportunity Fund, Glenview Capital
Opportunity Fund, GCM Little Arbor Master Fund, GCM Little Arbor Institutional
Partners, and GCM Little Arbor Partners. In such capacity, Glenview Capital
Management may be deemed to have voting and dispositive power over the Shares
held for the accounts of each of Glenview Capital Partners, Glenview
Institutional Partners, Glenview Capital Master Fund, Glenview Offshore
Opportunity Fund, Glenview Capital Opportunity Fund, GCM Little Arbor Master
Fund, GCM Little Arbor Institutional Partners, and GCM Little Arbor Partners.
Mr. Robbins is the Chief Executive Officer of Glenview Capital Management.
Page 5 of 9 Pages
Item 2(b). Address of Principal Business Office or, if None, Residence
The address of the principal business office of each of
Glenview Capital Management and Mr. Robbins is 767 Fifth Avenue, 44th Floor, New
York, New York 10153.
Item 2(c). Citizenship
i) Glenview Capital Management is a Delaware limited
liability company; and
ii) Mr. Robbins is a citizen of the United States of America.
Item 2(d). Title of Class of Securities:
Common Stock, par value $0.01 per share (the "Shares")
Item 2(e). CUSIP Number:
302182100
Item 3. If This Statement is Filed Pursuant to ss.ss.240.13d-1(b) or
240.13d-2(b) or (c), Check Whether the Person Filing is a:
This Item 3 is not applicable.
Item 4. Ownership:
Item 4(a). Amount Beneficially Owned:
As of January 18, 2007, each of Glenview Capital Management
and Mr. Robbins may be deemed to be the beneficial owner of 7,349,404 Shares.
This amount consists of: (A) 309,200 Shares held for the account of Glenview
Capital Partners; (B) 3,698,656 Shares held for the account of Glenview Capital
Master Fund; (C) 1,589,200 Shares held for the account of Glenview Institutional
Partners; (D) 444,200 Shares held for the account of the GCM Little Arbor Master
Fund; (E) 88,200 Shares held for the account of GCM Little Arbor Institutional
Partners; (F) 880,287 Shares held for the account of Glenview Capital
Opportunity Fund; (G) 337,461 Shares held for the account of Glenview Offshore
Opportunity Fund and (H) 2,200 Shares held for the account of GCM Little Arbor
Partners.
Item 4(b). Percent of Class:
The number of Shares of which each of Glenview Capital
Management and Mr. Robbins may be deemed to be the beneficial owner constitutes
approximately 5.4% of the total number of Shares outstanding (based upon
information provided by the Issuer in its most recently-filed quarterly report
on Form 10-Q, there were 135,437,000 shares outstanding as of September 30,
2006).
Page 6 of 9 Pages
Item 4(c). Number of Shares of which such person has:
Glenview Capital Management and Mr. Robbins:
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 7,349,404
(iii) Sole power to dispose or direct the disposition of: 0
(iv) Shared power to dispose or direct the disposition of: 7,349,404
Item 5. Ownership of Five Percent or Less of a Class:
This Item 5 is not applicable
Item 6. Ownership of More than Five Percent on Behalf of Another
Person:
This Item 6 is not applicable.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company:
See disclosure in Item 2 hereof.
Item 8. Identification and Classification of Members of the Group:
This Item 8 is not applicable.
Item 9. Notice of Dissolution of Group:
This Item 9 is not applicable.
Item 10. Certification:
By signing below each of the Reporting Persons certifies that,
to the best of their knowledge and belief, the securities referred to above were
not acquired and are not held for the purpose of or with the effect of changing
or influencing the control of the issuer of the securities and were not acquired
and are not held in connection with or as a participant in any transaction
having that purpose or effect.
Page 7 of 9 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Date: January 18, 2007 GLENVIEW CAPITAL MANAGEMENT, LLC
By: /s/ Lawrence M. Robbins
---------------------------------
Name: Lawrence M. Robbins
Title: Chief Executive Officer
Date: January 18, 2007 LAWRENCE M. ROBBINS
/s/ Lawrence M. Robbins
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Page 8 of 9 Pages
EXHIBIT INDEX
Ex. Page No.
A Joint Filing Agreement, dated January 18, 2007 by and
between Glenview Capital Management, LLC and
Lawrence M. Robbins........................................ 9
Page 9 of 9 Pages
EXHIBIT A
JOINT FILING AGREEMENT
The undersigned hereby agree that the statement on Schedule 13G with
respect to the Common Stock of Express Scripts, Inc. dated as of January 18,
2007 is, and any amendments thereto (including amendments on Schedule 13D)
signed by each of the undersigned shall be, filed on behalf of each of us
pursuant to and in accordance with the provisions of Rule 13d-1(k) under the
Securities Exchange Act of 1934, as amended.
Date: January 18, 2007 GLENVIEW CAPITAL MANAGEMENT, LLC
By: /s/ Lawrence M. Robbins
---------------------------------
Name: Lawrence M. Robbins
Title: Chief Executive Officer
Date: January 18, 2007 LAWRENCE M. ROBBINS
/s/ Lawrence M. Robbins
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