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Medco provided pharmacy services to private and public employers, health plans, labor unions, government agencies, and individuals served by Medicare Part D Prescription Drug Plans. Medco was a member of the S&P 500 and ranked number 34 on the 2011 Fortune 500 list, [ 1 ] with 2011 revenues of more than $70 billion. [ 2 ]
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The company was a subsidiary of Medco Health Solutions, Inc., which purchased Liberty Medical and its parent company, PolyMedica, in 2007. [2] After Express Scripts acquired Medco, they sold Liberty Medical in December 2012 to members of its management team, and it now operates again as an independent company. [ 3 ]
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The deal flopped and Merck ended up spinning off Medco Health Solutions ... in a $41.1 billion cash and stock deal. Schering-Plough shareholders would get 0.5767 shares of Merck and $10.50 in cash ...
The Knox-Keene Health Care Service Plan Act of 1975 is a set of Californian laws that regulate Healthcare Service Plans. Under these laws, pharmacy benefit managers with contracts to Health care service plans are required by law to be registered with the Department of Managed Health Care to disclose information. [58] SB 966: Pharmacy benefits
Medco Health Solutions (NYS: MHS) carries $9.2 billion of goodwill and other intangibles on its balance sheet. Sometimes goodwill, especially when it's excessive, can foreshadow problems down the ...