FRANKLIN LAKES, N.J.,
July 21, 2011 /PRNewswire/ -- Medco
Health Solutions (NYSE: MHS) today disclosed that after several
months of discussions, its pharmacy benefit services agreement with
UnitedHealthcare would not be renewed.
(Logo: http://photos.prnewswire.com/prnh/20100609/MEDCOLOGO)
Medco will continue serving UnitedHealthcare clients through the
expiration of the current agreement on Dec.
31, 2012, and will work closely with the organization to
ensure a smooth and orderly transition.
About Medco
Medco Health Solutions, Inc. (NYSE: MHS) is pioneering
The world's most advanced pharmacy® and its clinical
research and innovations are part of Medco making medicine
smarter™ for approximately 65 million members.
With more than 20,000 employees worldwide dedicated to improving
patient health and reducing costs for a wide range of public and
private sector clients, and 2010 revenues of $66 billion, Medco ranks 34th on the 2011 Fortune
500 list and is named among the world's most innovative, most
admired and most trustworthy companies.
For more information, go to http://www.medcohealth.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 press release
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 and
Quarterly Reports on Form 10-Q filed with the Securities and
Exchange Commission.
SOURCE Medco Health Solutions, Inc.