sector: Non-Cyclical Consumer Goods & Services ·
industry: Retail - Drugs ·
As of
25 Nov 2009
63.31USD
Medco Health Solutions, Inc. (Medco) is a health care company. Medco provides clinically-driven pharmacy services designed to lower total health care costs for private and public employers, health plans, labor unions and government agencies of all sizes, and for individuals served by the Medicare Part D Prescription Drug Plans. The Company provides pharmacy benefit management (PBM) services through its national networks of retail pharmacies and its own mail-order pharmacies, as well as through its Specialty Pharmacy segment, Accredo Health Group. In April 2008, the Company acquired a majority interest in Europa Apotheek Venlo, a privately held company providing clinical healthcare and mail-order pharmacy services in Germany.
BRIEF: For the thirty nine weeks ended 26 September 2009, Medco Health Solutions Inc.'s revenues rose 16% to $44.56B. Net income rose 13% to $938.7M. Revenues reflect an increase in product revenues and higher service revenues. Net income was partially offset by an increase in cost of product revenues, higher selling, general & administrative expenses, an increase in amortization of intangibles and higher cost of service revenue.
Medco Health Solutions, Inc.
100 Parsons Pond Drive
Franklin Lakes NJ 07417
P: +1201.2693400
F: +1201.2691109