Express Scripts Inc. says it is doing fine after breaking up with pharmacy operator Walgreen Co., but it won't rule out getting back together with the largest U.S. drugstore chain.
Express Scripts, a pharmacy benefits manager based in St. Louis, paid Walgreen to fill prescriptions, but their contracted ended in December after the companies haggled unsuccessfully for months over terms for a new deal.
Deerfield, Ill.-based Walgreen had managed about 20 percent of Express Scripts' prescription volume before the contract ended. Express Scripts said Thursday it is keeping the vast majority of that business, and its clients are largely not upset with the split, which means many have to go to a new drugstore for prescriptions.
"At the end of the day … Nexium is Nexium, Lipitor is Lipitor, drugs are drugs, and it shouldn't matter that much who's counting to 30," Express Scripts Chairman and CEO George Paz told analysts during a conference call with analysts.
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