The Walgreen pharmacy chain will begin filling prescriptions from customers in the Express Scripts network again starting in September under a new multiyear contract that ends a costly impasse between the companies.
Drugstore operator Walgreen Co. said Thursday that its sales grew in October, but the results were weaker than expected and the company acknowledged a dispute with pharmacy benefits manager Express Scripts Inc. is hurting its results.
Medco Health Solutions Inc.'s third-quarter net income fell 4 percent because of expenses related to its pending acquisition by competitor Express Scripts Inc.
Pharmacy benefits manager Express Scripts Inc. said Wednesday that it is suing Walgreen Co., arguing the drugstore chain is trying to lure away its customers.
Omnicare Inc. on Tuesday went public with a $457 million offer for pharmacy management services company PharMerica Corp., sending shares of both companies surging.
Walgreen Co. said Tuesday it will end a $5.3-billion-per-year relationship with Express Scripts Inc., saying Express Scripts was not paying it enough money to fill prescriptions and was trying to dictate terms of their partnership.
Pharmacy benefits manager Medco Health Solutions Inc. said Friday that after this year, it will lose a contract that brought it about $3 billion in annual revenue.
NEW YORK (AP) — CVS Caremark Corp. said Thursday that its first-quarter net income fell nearly 8 percent as its pharmacy benefits management business continued to report lower profits.
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{
"uri": "/2012/07/19/walgreen-express-scripts-sign-new-agreement/",
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"summary": "The Walgreen pharmacy chain will begin filling prescriptions from customers in the Express Scripts network again starting in September under a new multiyear contract that ends a costly impasse between the companies.",
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{
"uri": "/2011/12/21/walgreen-1q-profit-drops-on-express-scripts-fight/",
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"summary": "Walgreen's first-quarter earnings fell more than 4 percent due in part to a slow flu season and its split with the Express Scripts pharmacy network.",
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"summary": "Drugstore operator Walgreen Co. said Thursday that its sales grew in October, but the results were weaker than expected and the company acknowledged a dispute with pharmacy benefits manager Express Scripts Inc. is hurting its results.",
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{
"uri": "/2011/10/26/medco-3q-profit-falls-4-percent-on-sale-expenses/",
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"summary": "Medco Health Solutions Inc.'s third-quarter net income fell 4 percent because of expenses related to its pending acquisition by competitor Express Scripts Inc.",
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{
"uri": "/2011/09/14/express-scripts-sues-walgreen-in-contract-dispute/",
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"summary": "Pharmacy benefits manager Express Scripts Inc. said Wednesday that it is suing Walgreen Co., arguing the drugstore chain is trying to lure away its customers.",
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{
"uri": "/2011/08/23/omnicare-offers-to-buy-pharmerica-in-457m-deal/",
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"summary": "Omnicare Inc. on Tuesday went public with a $457 million offer for pharmacy management services company PharMerica Corp., sending shares of both companies surging.",
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{
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"summary": "Walgreen Co. said Tuesday it will end a $5.3-billion-per-year relationship with Express Scripts Inc., saying Express Scripts was not paying it enough money to fill prescriptions and was trying to dictate terms of their partnership.",
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{
"uri": "/2011/05/27/cvs-wins-federal-employee-contract-away-from-medco/",
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"summary": "Pharmacy benefits manager Medco Health Solutions Inc. said Friday that after this year, it will lose a contract that brought it about $3 billion in annual revenue.",
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{
"uri": "/2011/05/05/cvs-caremark-1q-profit-falls-on-margins-costs/",
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"summary": "NEW YORK (AP) — CVS Caremark Corp. said Thursday that its first-quarter net income fell nearly 8 percent as its pharmacy benefits management business continued to report lower profits.",
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