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On October 2, 2001, UnitedHealth Group, Merck-Medco,and Accenture launched Xceleron Health LLC, a company created to deliver consulting and business acceleration services to emerging technology-based companies in the healthcare industry. [11] In 2002, Merck & Co announced plans to spin off Merck-Medco. [9] In August 2003, Medco Health Solutions ...
The former IBM/Express Scripts 88-acre campus at 400 Parsons Pond Road, Franklin Lakes, now owned by Cigna Corporation's Medco Health Solutions, will be the subject of hearings beginning Wednesday ...
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Snow was appointed president and CEO of Medco Health Solutions in March 2003. He became chairman and CEO in June 2003. [7] He went on to serve as the executive chairman of Medco Health Solutions from June 2003 to 2013. As of 2013, his total annual compensation was $22.12 million, with a five-year compensation package of $87.10 million.
The company was a subsidiary of Medco Health Solutions, Inc., which purchased Liberty Medical and its parent company, PolyMedica, in 2007. [2] After Express Scripts acquired Medco, they sold Liberty Medical in December 2012 to members of its management team, and it now operates again as an independent company. [3]
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In April 2012, Express Scripts completed a $29.1 billion acquisition of Medco Health Solutions. [27] The Federal Trade Commission gave formal approval on April 2, 2012 after an anti-trust investigation. [27] The acquisition positioned Express Scripts Holding Co. as the largest pharmacy benefit manager, filling 1.4 billion annual prescriptions. [27]
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