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100 Parsons Pond Dr. Franklin Lakes, NJ 07417-2603 NJ Tel. 201-269-3400 |
Type: Public
On the web:
http://www.medcohealth.com
Employees:
24,625
Employee growth: 7.8%
Administering some 700 million prescriptions each year, Medco Health Solutions knows its meds. The company is a top US pharmacy benefits management (PBM) firm and, through its Accredo Health unit, a leading specialty pharmacy as well. It assists health plans in managing drug costs by designing formularies, negotiating discounts with drugmakers, and processing claims. Members may fill prescriptions through a network of about 60,000 pharmacies, a mail-order program, or the company's call-center and Internet pharmacies. In 2011 Medco Health Solutions agreed to be acquired by rival PBM Express Scripts for some $29 billion.
Key numbers for fiscal year ending December, 2010:
Sales: $65,968.3M
One year growth: 10.3%
Net income: $1,427.3M
Income growth: 11.5%
Officers:
Chairman and CEO: David B. Snow Jr.
President and COO: Kenneth O. Klepper
SVP Finance and CFO: Richard J. Rubino
Competitors:
Catalyst Health Solutions
CVS Caremark
Express Scripts
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