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Financial News
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ST. LOUIS , Dec. 29, 2011 /PRNewswire/ --Express Scripts, Inc. (Nasdaq: ESRX - News) announced that it will present at the 30th Annual J.P. Morgan Healthcare Conference on January 9, 2012 at 9:00 a.m. PST ( 12:00 p.m. EST ) at the Westin St. Francis in San Francisco, CA.The presentation will also be broadcast via the Internet and can be accessed on the investor relations section of Express Scripts web site at http://www.express-scripts.com. RealPlayer or Windows Media Player is needed to listen to the Webcasts and free downloads of these players are available at the Webcast site. The Webcasts will be archived and available for replay for 14 days.Express Scripts, Inc., one of the largest pharmacy benefit management companies in North America , is leading the way toward creating better health and value for patients through Consumerology(R), the advanced application of the behavioral sciences to healthcare. [Read the full article]
Drugstore operator Walgreen Co. said Thursday it expects to lose almost 90 percent of prescriptions handled by pharmacy benefits manager Express Scripts Inc. after it leaves Express Scripts' networks on Jan. 1. The Deerfield, Ill., company said the break will hurt its sales, earnings and cash flow during fiscal 2012, although it did not specify the impact in a filing with the Securities and Exchange Commission. But it noted that Express Scripts processed about 88 million prescriptions filled by Walgreen in fiscal 2011. That represented about $5.3 billion of the drugstore operator's sales out of $72.18 billion in total sales. Based on deals it has made with individual Express Scripts clients, Walgreen said it expects about keep about 10 million of those prescriptions. The company said it filled about 26 million prescriptions for Express Scripts over the first four months of its current fiscal year, which started Sept. [Read the full article]
NEW YORK (AP) -- Shares of some top managed care companies are up at 1 p.m.: Aetna rose $.31 or .7 percent, to $42.50. Cigna rose $1.21 or 2.9 percent, to $43.21. Coventry Healthcare rose $.62 or 2.0 percent, to $30.99. Humana rose $.48 or .5 percent, to $88.09. UnitedHealth rose $.75 or 1.5 percent, to $51.43. WellPoint rose $1.25 or 1.9 percent, to $67.50. [Read the full article]
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