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Medco Health Solutions Inc. (MHS) is in the Retail Industry

Revenue
Dec 29 2007
$44.5B
Profit
Dec 29 2007
$912.0M
Market Cap
Oct 09 2008
$18.9B

Latest News and Analysis

  • Medco Study: Medicare Coverage Gap Leads to Drop off in Drug Therapy for High Cholesterol Patients; Brand Medication Users at Greatest Risk

    Generics Use Improves Compliance Enrollees Reach the Gap in Significant Numbers by Early Summer FRANKLIN LAKES, N.J., Sept. 25 /PRNewswire-FirstCall/ -- Seniors battling high cholesterol are more likely to stop taking their medications once they reach the Medicare Coverage Gap, a result that may put them at...

    Articles 2008-09-25

  • Medco Announces Organizational Changes

    FRANKLIN LAKES, N.J., Sept. 25 /PRNewswire-FirstCall/ -- Medco Health Solutions, Inc. today announced the following organizational changes to further enhance its products and services for clients and members: Timothy Wentworth has been named Group President, Employer Accounts, effective immediately. Formerly president and CEO of Accredo...

    Articles 2008-09-25

  • Forge Business Partnerships

    CIO Executive Council members at Quest Diagnostics, Medco Health Solutions and YRC Worldwide have gone beyond the basics of alignment and banning techno-speak to reshape the IT culture, refocus on the end customer and reallocate funding to drive business. They offer the following advice. Shift your spending. At...

    Articles 2008-08-28

  • Medco Takes Prescribing Personal

    Pharmacy benefit manager Medco Health Solutions, Inc. said last week it will team with the U.S. Food and Drug Administration to study how people's genes influence the effectiveness of prescription drugs. Pharmacogenomics, often referred to as personalized medicine, could change how doctors prescribe medicine for all illnesses and conditions,...

    Articles 2008-08-25

  • Medco Announces Research Collaboration with FDA Focused on Personalized Medicine

    Study to report findings on how genes impact efficacy of many commonly used prescription medications FRANKLIN LAKES, N.J., Aug. 18 /PRNewswire-FirstCall/ -- Medco Health Solutions, Inc. , the nation's leading pharmacy benefit manager, announced it and the Food and Drug Administration FDA have entered into a research...

    Articles 2008-08-18

  • Merger to foster use of e-scripts

    ALEXANDRIA, Va. -- In a move that is expected to lead to more physicians and patients using electronic prescribing, the nation's two e-prescription networks have agreed to merge. The merger of SureScripts and RxHub brings together two companies that have separate types of expertise within the growing e-prescription...

    Articles 2008-08-11

  • E-script networks to merge

    ALEXANDRIA, Va. -- In a move designed to encourage more physicians and patients to use electronic prescribing, the nation's two e-prescription networks have agreed to merge. SureScripts and RxHub, each an extension of a different part of the pharmaceutical industry, say they hope the broader use of electronic...

    Articles 2008-08-04

  • Over prescriptions

    Chances are if you have medical insurance you're using it for prescription drugs, a new study shows, The information was gathered by Medco Health Solutions Inc., which manages prescription benefits for one in five Americans. Tops on the list are drugs for high blood pressure and cholesterol. This trend is...

    Articles 2008-08-01

  • Medco to Present at the BMO Capital Markets 2008 Focus on Healthcare Conference

    FRANKLIN LAKES, N.J., July 31 /PRNewswire-FirstCall/ -- Kenneth O. Klepper, president & chief operating officer, Medco Health Solutions, Inc. , is scheduled to address the BMO Capital Markets 2008 Focus on Healthcare Conference in New York on Wednesday, Aug. 6, 2008. The presentation at the Millennium Broadway...

    Articles 2008-07-31

  • SureScripts, RxHub to join forces

    ALEXANDRIA, Va., and ST. PAUL, Minn. -- Relations between pharmacy benefit managers and retail pharmacies have not always conjured images of close cooperation and partnership. But in a breakthrough business deal that could propel the nationwide adoption of electronic prescribing, the nation's retail pharmacies and leading PBMs have formalized a...

    Articles 2008-07-21

  • Medco contract

    Medco Health Solutions Inc. will provide pharmacy services next year to Coventry Health Care Inc...

    Articles 2008-07-14

  • Retail Pharmacies and Largest Pharmacy Benefit Managers Announce Merger of E-Prescribing Networks -- Improving Safety, Accuracy, Efficiency of Prescription Medicines for Patients Nationwide

    In the single mostsignificant advance to the accuracy, efficiency and quality of informationassociated with the 4 billion prescriptions written annually in the UnitedStates, the nation's retail pharmacies and leading pharmacy benefitmanagers PBMs today announced an unprecedented collaboration to unite thecountry's two leading health information networks. The groups have...

    Articles 2008-07-01

  • Fitch Ratings Upgrades CVS Caremark Corp.'s IDR to 'BBB+'; Outlook Stable

    NEW YORK -- Fitch Ratings has upgraded its ratings on CVS Caremark Corp. (NYSE:CVS) as follows: --Long-Term Issuer Default Rating IDR to 'BBB+' from 'BBB'; --Senior unsecured bank facility to 'BBB+' from 'BBB'; --Senior unsecured notes to 'BBB+' from 'BBB'; ...

    Articles 2008-06-27

  • The Daily Record News Summaries: June 24, 2008

    CapitalSource stock plunges CapitalSource Inc., the Chevy Chase-based asset manager that bought the banking business of bankrupt California-based Fremont General Corp., fell the most in five years after saying it sold mortgage-backed assets at a loss of $36.1 million this quarter. In a...

    Articles 2008-06-24

  • CVS Caremark locks up GE contract for '09

    WOONSOCKET, R.I. -- It appears CVS Caremark's "power of one" pharmacy benefit model continues to gain favor among big healthcare payers--not to mention share in the PBM market. Early this month, Drug Store News learned that the company had scored another big win for its PBM business,...

    Articles 2008-06-23

  • William Blair & Company Hosts 28th Annual Growth Stock Conference

    CHICAGO -- William Blair & Company, L.L.C. today kicked off its 28th Annual Growth Stock Conference, a three-day event featuring nearly 200 companies and attracting investors from around the world. The conference, hosted by the firm's Research and Institutional Sales departments and held at the...

    Articles 2008-06-17

  • Half of America on drugs

    Medco Health Solutions Inc. has determined that 51% of insured Americans--children and adults--were taking prescription medications for at least one chronic condition in 2007. The pharmacy benefit management company analyzed a representative sample of 2.5 million people from its database. A surprise: In all, 48% of women aged 20-44 years...

    Articles 2008-06-15

  • Half of America on drugs

    Medco Health Solutions has determined that 51% of insured Americans--children and adults--were taking prescription medications for at least one chronic condition in 2007. The pharmacy benefit management company analyzed a representative sample of 2.5 million people from its database. A surprise: Forty-eight percent of women aged 20-44 years are being...

    Articles 2008-06-01

  • Nearly one-third on drugs

    Thirty percent of children under age 19 years were taking a prescription medication to treat at least one chronic health condition in 2007, according to Medco Health Solutions. Prescriptions for children most often involved asthma or allergy drugs, followed by drugs for attention-deficit/hyperactivity disorder. The number of girls taking ADHD...

    Articles 2008-06-01

  • Express Scripts to pay $9.5M to several states, including Maryland

    Express Scripts Inc. of St. Louis will pay $9.5 million in an agreement with 28 states, including Maryland, that alleged the pharmacy benefits manager misled consumers when it encouraged doctors to switch patients' cholesterol drug brands under the guise of controlling costs. The agreement follows February's $38.5 million multistate settlement...

    Articles 2008-05-28

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  • CEO: Mr. David B. Snow Jr.

Medco Health Solutions is engaged in the provision of traditional and specialty prescription drug benefit programs and services. Co. provides prescription drug benefit programs and services, including plan design, clinical management, clinical services, pharmacy management, physician services, and Web-based services. In addition, Co. serves blue cross/blue shield plans; managed care organizations; insurance carriers; third-party benefit plan administrators; employers; federal, state, and local government agencies; and union-sponsored benefit plans. Co. provides its services through a network of retail pharmacies and mail-order pharmacies, as well as through specialty pharmacy operations.

Key Competitors

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Medco Health Solutions Inc. Company Info

Board of Directors

Mr. David B. Snow Jr.

Chairman

Mr. John L. Cassis

Mr. Michael Goldstein

Dr. Blenda J. Wilson Ph.D.

Mr. Charles M. Lillis

Dr. William L. Roper M.D.

Mr. David D. Stevens

Mr. Howard W. Barker Jr.

Ms. Myrtle S. Potter

Contact Information

100 Parsons Pond Drive

Franklin Lakes, NJ

http://www.medco.com

201 269 3400

NAICS Code

Pharmacies and Drug Stores: 446110

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