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Medco
Pharmacy operated 10 mail-order pharmacies and partners with a nationwide network of approximately 60,000 retail pharmacies. Medco's automated pharmacies were located in Las Vegas, Indianapolis, and Willingboro, NJ, and together had the capacity to fill more than three million prescriptions per
670:
Medco's mail-order business generated $ 26 billion in 2011 net revenues and was one of the largest pharmacy operations in the United States. In 2011, 113 million of the 757.7 million prescriptions Medco filled were processed through its mail-order pharmacies. In 2011, nearly 10.5 million of the new
534:
In April 2008, Medco acquired a majority interest in Europa
Apotheek, a privately held company based in the Netherlands that provided mail-order and specialty pharmacy services in Germany. In December 2009, Europa Apotheek Venlo acquired shop-apotheke.com – one of Germany's online OTC and healthcare
496:
In March 2008, Medco launched a collaboration with Sweden's (then) government-operated retail pharmacy authority, Apoteket, to develop and deliver the first automated electronic prescription review system to improve clinical and financial outcomes for
Swedish patients and the country's healthcare
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Medco was a member of the S&P 500 and ranked number 34 on the 2011 Fortune 500 list, with 2011 revenues of more than $ 70 billion. From 2008 to 2012, the company was ranked first on
Fortune magazine's World's Most Admired Companies list in the Healthcare: Pharmacy and Other Services category.
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In August 2009, Medco formed a joint venture with United Drug plc, a pan-European healthcare leader, to provide home-based pharmacy care services in the United
Kingdom for patients covered by the country's National Health Service. In October 2011, Medco bought out United Drug Plc's half of their
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In 2004, Medco settled a lawsuit brought by 20 states alleging that they failed to disclose incentives they received from drug companies and improperly switched or pressured doctors to switch patient's medication that added costs to their health plans. They agreed to pay $ 29.3 million.
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In 2002, Merck & Co announced plans to spin off Merck-Medco. In August 2003, Medco Health
Solutions, Inc. became an independent company. On August 28, 2005, Medco Health Solutions contributed $ 5,000 to the Southwestern Oklahoma State University College of Pharmacy Scholarship Fund.
515:
In 2005, Medco Health
Solutions agreed to pay the United States $ 155 million plus interest to settle allegations that it accepted kickbacks from drug makers and submitted false claims to the government. There was no admission of guilt or finding of wrongdoing in either settlement.
484:
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.
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Medco was founded as
National Pharmacies in 1983. In 1984, after an IPO, National Pharmacies became Medco Containment Services, LLC. In 1993, Medco Containment was acquired by Merck & Co., Inc. and became Merck-Medco.
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In
October 2005, Medco was selected as the finalist of a three-year pharmacy benefit contract for the California Public Employees' Retirement System (CalPERS) Self-Funded Health Plans to begin July 1, 2006.
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461:(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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Medco held 42 U.S. patents for patient data management, front-end pharmacy technology and automated pharmacy technology, and 56 international patents for automated pharmacy-dispensing technology.
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In 2005, Medco acquired Accredo Health for $ 2.2 billion, a specialty pharmaceutical company. In 2007, Medco acquired diabetes care supplier PolyMedica. In 2010, Medco acquired DNA Direct, a
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In September 2010, Medco acquired United BioSource Corporation, a company that assesses safety risks and the value of medications when they reach the market.
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announced a European joint venture for patients with chronic and complex conditions. In September 2011, Medco took full ownership of the venture.
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1106:"Fortune 500 2010: Top 1000 American Companies - Medco Health Solutions - MHS - FORTUNE on CNNMoney.com"
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In 2009, Medco established the Medco Research Institute – an evidence-based research organization.
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979:"COMPANY NEWS; MERCK SETS DATE FOR SPINOFF OF MEDCO HEALTH SOLUTIONS (Published 2003)"
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1159:"Medco to Pay $ 29.3 Million to Settle Complaints of Drug Switching (Published 2004)"
926:"COMPANY NEWS; Merck Will Pay $ 6 Billion For Giant Drug Discounter (Published 1993)"
839:"World's Most Admired Companies 2009: Medco Health Solutions snapshot - from FORTUNE"
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Customers can also purchase their medications online and have them delivered.
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743:"10 Most Admired for managing talent - Medco Health Solutions (1) - FORTUNE"
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1082:"Medco collaborates with Swedish pharmacy authority on eRx review system"
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https://legacy.imperial.edu/ivc/files/HR/MEDCOPharmacyMail-OrderForm.pdf
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may have been created or edited in return for undisclosed payments
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Pharmacy benefit management companies based in the United States
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1191:"Medco to Pay $ 155 Million in Kickback Case (Published 2006)"
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British home care joint venture the companies began in 2009.
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1409:"Medco, Celesio End European Partnership on Chronic Disease"
1475:"Express Scripts Members: Manage Your Prescriptions Online"
249:. It may require cleanup to comply with Knowledge (XXG)'s
1130:"Medco Health Solutions posts 24 percent profit increase"
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Companies formerly listed on the New York Stock Exchange
1331:"Medco acquires German e-tailer of health care products"
767:"World's Most Admired Companies: Medco Health Solutions"
83:
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In April 2012, Medco Health Solutions was acquired by
1248:"Medco to Acquire Diabetes Supplier (Published 2007)"
867:"Express Scripts, Medco complete $ 29 billion merger"
1057:"Medco to buy stake in European mail-order pharmacy"
94:, and by adding encyclopedic content written from a
594:. Unsourced material may be challenged and removed.
503:In April 2012, it was acquired by Express Scripts.
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1358:"Medco to buy out British JV partner United Drug"
1306:"Medco to buy United BioSource for $ 730 million"
671:prescriptions Medco managed were ePrescriptions.
1281:"Medco buys genetic services company DNA Direct"
1011:"Company gives $ 5,000 for pharmacy scholarship"
8:
1532:Companies based in Bergen County, New Jersey
291:
1223:"Medco Health Solutions to acquire Accredo"
719:"Fortune 500 2012 - Medco Health Solutions"
695:"Fortune 500 2011 - Medco Health Solutions"
53:Learn how and when to remove these messages
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1552:Health care companies based in New Jersey
1522:Health care companies established in 2003
654:Learn how and when to remove this message
279:Learn how and when to remove this message
216:Learn how and when to remove this message
114:Learn how and when to remove this message
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75:contains content that is written like
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34:This article has multiple issues.
16:American health insurance company
1438:. Hr.cornell.edu. Archived from
1157:Freudenheim, Milt (2004-04-27).
924:Freudenheim, Milt (1993-07-29).
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1304:Krauskopf, Lewis (2010-08-16).
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1013:. The Oklahoman. 28 August 2005
865:Solomont, E.B. (2 April 2012).
579:needs additional citations for
141:needs additional citations for
42:or discuss these issues on the
893:"Merck to Spin Off Medco Unit"
1:
1557:2012 mergers and acquisitions
1329:Perry, Jessica (2009-12-07).
1080:Merrill, Molly (2008-03-31).
891:Brubaker, Bill (2002-01-30).
1407:Kresge, Naomi (2011-09-27).
1279:Berkrot, Bill (2010-02-02).
459:Pharmacy Benefits Management
455:Medco Health Solutions, Inc.
377:Kenneth O. Klepper,
292:Medco Health Solutions, Inc.
336:Pharmacy Benefit Management
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1382:Todd, Susan (2010-06-21).
871:St. Louis Business Journal
354:Franklin Lakes, New Jersey
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791:"Medco Health Solutions"
603:"Medco Health Solutions"
542:In June 2010, Medco and
165:"Medco Health Solutions"
1502:Medco Corporate Website
1479:www.express-scripts.com
383:Chief Operating Officer
374:Chief Executive Officer
255:neutral point of view
96:neutral point of view
1034:. Thefreelibrary.com
588:improve this article
150:improve this article
528:services company.
468:It was acquired by
428:Number of employees
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88:promotional content
1252:The New York Times
1195:The New York Times
1163:The New York Times
1086:Healthcare IT News
983:The New York Times
960:. Businesswire.com
930:The New York Times
309:Defunct, formerly
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418:$ 1.46 Billion
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206:August 2015
1511:Categories
1484:2023-09-15
1449:2015-08-12
1418:2020-10-15
1393:2020-10-15
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1208:2020-10-21
1176:2020-10-21
1140:2020-10-21
1115:2020-10-21
1091:2020-10-21
1066:2020-10-21
1038:2015-08-12
1017:2015-08-12
996:2020-10-15
964:2015-08-12
943:2020-10-15
910:2020-10-15
848:2020-10-21
824:2020-10-21
800:2020-10-21
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752:2020-10-21
728:2020-10-21
704:2020-10-21
681:References
614:newspapers
560:Pharmacies
544:Celesio AG
408:Net income
361:Key people
176:newspapers
84:improve it
39:improve it
1413:Bloomberg
1260:0362-4331
1203:0362-4331
1171:0362-4331
1110:CNN Money
991:0362-4331
938:0362-4331
905:0190-8286
843:CNN Money
819:CNN Money
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771:CNN Money
723:CNN Money
699:CNN Money
379:President
319:Traded as
45:talk page
1227:NBC News
497:system.
370:Chairman
332:Industry
1362:Reuters
1310:Reuters
1285:Reuters
1061:Reuters
747:Fortune
628:scholar
507:Lawsuit
476:History
437:Website
389:Revenue
342:Founded
190:scholar
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432:24,000
422:(2011)
401:(2011)
311:public
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1443:(PDF)
1436:(PDF)
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635:JSTOR
621:books
197:JSTOR
183:books
1256:ISSN
1199:ISSN
1167:ISSN
987:ISSN
934:ISSN
901:ISSN
607:news
446:.com
381:and
372:and
345:2003
326:NYSE
169:news
590:by
442:www
420:USD
399:USD
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152:by
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