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Express Scripts began in 1986 in St. Louis County, Missouri as a result of a joint venture between a retail chain of more than 79 pharmacies (Medicare Glaser Inc.) and Sanus Corp. Health Systems. Sanus traces its history to Bradford Systems and Administrative Services which was founded in Boston in 1968.
In September 2015, Express Scripts announced that Paz would retire in May 2016 and become non-executive chairman. [5] [8] [9] [10] He was succeeded as CEO by Tim Wentworth, who was previously president of the company. [9] [10] In February 2016, Paz was appointed to the board of directors of Prudential Financial. [2] [11] Paz died on October 23 ...
As of 2015, Express Scripts Holding Company was the largest pharmacy benefit management organization in the United States. [ 43 ] In October 2015 Express Scripts began reviewing pharmacy programs run by AbbVie Inc and Teva Pharmaceuticals Industries Ltd regarding the potential use of tactics that "can allow drugmakers to work around ...
By 2017, Express Scripts was the 22nd-largest company in the United States by total revenue as well as the largest pharmacy benefit management (PBM) organization in the US. [ 21 ] In March 2018, it was announced that Cigna, a global health services company, would acquire Express scripts for $67 billion. [ 22 ]
Medco Health Solutions, Inc. was an American Pharmacy Benefits Management (PBM) company. Medco provided pharmacy services to private and public employers, health plans, labor unions, government agencies, and individuals served by Medicare Part D Prescription Drug Plans.
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