Medco to Provide Pharmacy Benefit Management Services to State of New Hampshire
Posted on: Thursday, 11 August 2005, 09:01 CDT
FRANKLIN LAKES, N.J., Aug. 11 /PRNewswire-FirstCall/ -- As the pharmacy benefit manager for the Local Government Center HealthTrust (LGC), Medco Health Solutions, Inc. will administer the pharmacy benefit program for the State of New Hampshire's 38,000 active and retired employees, and their eligible dependents, beginning Sept. 1, 2005.
The LGC offers New Hampshire schools, municipalities and county governments membership in a non-profit, public-entity risk pool in order to provide their employees and retirees with health and other benefits, and was recently hired by the state to provide prescription drug benefits.
"Medco appreciates the opportunity to serve the employees and retirees of the State of New Hampshire, and we look forward to providing premium pharmacy benefit services to the state's beneficiaries," said David B. Snow Jr., Medco's chairman, president and CEO.
The award is subject to final contract execution. About Medco
Medco Health Solutions is a leader in managing prescription drug benefit programs that are designed to drive down the cost of pharmacy healthcare for private and public employers, health plans, labor unions and government agencies of all sizes. Medco operates the largest mail-order and Internet pharmacies and has been recognized for setting new industry benchmarks for pharmacy dispensing quality. Medco, ranked by Fortune Magazine as one of America's "Most Admired" healthcare companies, is a Fortune 50 company with 2004 revenues of $35 billion. Medco is traded on the New York Stock Exchange under the symbol MHS. On the Net: http://www.medco.com/
This press release contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that may cause results to differ materially from those set forth in the statements. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. We undertake no obligation to publicly update any forward- looking statement, whether as a result of new information, future events, or otherwise. Forward-looking statements in this presentation should be evaluated together with the risks and uncertainties that affect our business, particularly those mentioned in the Risk Factors section of the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission.
Medco Health Solutions, Inc.
CONTACT: Investors: Susan Cramer, +1-201-269-6187,susan_cramer@medco.com, or Media: Jeffrey Simek, +1-201-269-6400,jeffrey_simek@medco.com, both of Medco
Web site: http://www.medco.com/
Source: PRNewswire-FirstCall
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