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CVS Caremark was founded as MedPartners, Inc. in 1993 in Birmingham, Alabama by several local businessmen as a physician practice management (PPM) company. [1] HealthSouth, New Enterprise Associates, and Richard M. Scrushy stepped in to provide the company with early financial backing.
[19] [20] In 1994, the company expanded its services by adding workers’ compensation prescription services and reinsurance. [20] In 1994, the company announced a two-for-one stock split, and in 1996 established Express Scripts Canada. [19] The same year, the company began the annual Drug Trend Report and launched the Outcomes Symposium ...
CVS Caremark has been aggressively trying to grow its pharmacy-benefits-management business after suffering from some major setbacks in 2009-2010. High-profile contracts from CalPERS, Medco Health ...
CVS Caremark provides comprehensive prescription benefit management services including mail order pharmacy services, specialty pharmacy and infusion services, plan design and administration, formulary management and claims processing. The company's clients are primarily employers, insurance companies, unions, government employee groups, health ...
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