FRANKLIN LAKES, N.J., April 22 - Medco Health
Solutions, Inc., (NYSE: MHS) today announced it has reached agreement with
UnitedHealth Group to provide pharmacy benefit services through Dec. 31,
2012.
“We look forward to the next generation of collaboration with
UnitedHealth Group, delivering innovative, world-class pharmacy services,”
said David B. Snow Jr., Medco chairman and CEO. “This agreement advances
our relationship and includes new terms that provide clear alignment around
serving UnitedHealth Group’s integrated commercial medical and pharmacy
business.”
Added Stephen J. Hemsley, UnitedHealth Group president and CEO: “We
have always viewed Medco as a valued partner, and we look forward to
advancing our relationship as we work together to serve the complex needs
of our customers and the growing needs of consumers.”
About Medco
Medco Health Solutions, Inc., (NYSE: MHS) is the nation’s leading
pharmacy benefit manager based on its 2007 total net revenues of more than
$44 billion. Medco’s prescription drug benefit programs, covering one in
five Americans, are designed to drive down the cost of pharmacy health care
for private and public employers, health plans, labor unions and government
agencies of all sizes, and for individuals served by the Medicare Part D
Prescription Drug Program. Medco, the world’s most advanced pharmacy(TM),
is positioned to serve the unique needs of patients with chronic and
complex conditions through its Medco Therapeutic Resource Centers(R); its
diabetes pharmacy care practice, Liberty Medical; and its specialty
pharmacy operation, Accredo Health Group, Inc. Medco is the highest-ranked
independent pharmacy benefit manager on the 2007 Fortune 500 list. On the
Net: http://www.medco.com.
About UnitedHealth Group
UnitedHealth Group (NYSE: UNH) is a Fortune 50 diversified health and
well-being company dedicated to making health care work better. Through its
family of businesses, UnitedHealth Group serves more than 70 million
individuals nationwide. Visit http://www.unitedhealthgroup.com for more
information.
This press release contains “forward-looking statements” as that term
is defined in the Private Securities Litigation Reform Act of 1995. These
statements involve risks and uncertainties that may cause results to differ
materially from those set forth in the statements. No forward-looking
statement can be guaranteed, and actual results may differ materially from
those projected. We undertake no obligation to publicly update any forward-
looking statement, whether as a result of new information, future events,
or otherwise. Forward-looking statements in this press release should be
evaluated together with the risks and uncertainties that affect our
business, particularly those mentioned in the Risk Factors section of the
Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q
filed with the Securities and Exchange Commission.
SOURCE Medco Health Solutions, Inc.
