AdvancePCS Earns No. 2 Spot on Barron's 500 List of Best Performing Companies.Health/Medical Writers IRVING, Texas--(BW HealthWire)--April 23, 2002 AdvancePCS (Nasdaq: ADVP), the nation's leading health improvement company, has earned the No. 2 spot on the Barron's 500 list, a unique scorecard that grades how well the largest companies and their management teams have performed for investors. The list was published in the Monday, April 22, 2002, issue of Barron's. AdvancePCS excelled in the four criteria used by Barron's for its rankings: stock-market performance relative to the Standard & Poor's 500 for the 12 months ended March 31, 2002, the median cash flow return on investment Cash flow return on investment is a valuation model that assumes the stock market sets prices based on cash flow, not on corporate performance and earnings. CFROI = Cash Flow / Market Recapitalization for the latest three fiscal years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time forecast cash flow return on investment growth for the current year, and revenue change for the past year. Cash flow return on investment (CFROI CFROI Cash Flow Return on Investment ) is a proprietary metric computed by CSFB CSFB Credit Suisse First Boston CSFB Cyclically Shifted Filter Bank HOLT, a Chicago-based consultant to institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. and corporate managements. CFROI measures the real cash returns on all capital invested in a company, eliminating the effects of inflation and accounting practices. "We are pleased to receive recognition for having the best employees and management team in the industry who are delivering superior results by reducing costs for employers and health plans while improving health outcomes for patients," said David D. Halbert, chairman and chief executive officer of AdvancePCS. "The resulting success of these endeavors with our clients is driving the superior performance for our shareholders." About AdvancePCS AdvancePCS (www.advancepcs.com) is the nation's largest independent provider of health improvement services, touching the lives of more than 75 million health plan members and managing more than $27 billion in annual prescription drug prescription drug Prescription medication Pharmacology An FDA-approved drug which must, by federal law or regulation, be dispensed only pursuant to a prescription–eg, finished dose form and active ingredients subject to the provisos of the Federal Food, Drug, spending. AdvancePCS offers health plans a wide range of health improvement products and services designed to improve the quality of care delivered to health plan members and manage costs. The company's capabilities include integrated mail service and retail pharmacy networks, innovative clinical services, customized disease management programs, specialty pharmacy, clinical trials and outcomes research, information management, prescription drug services for the uninsured, and online health information for consumers. AdvancePCS clients include Blue Cross and Blue Shield Blue Shield A US not-for-profit health care insurer that is a reimbursement intermediary for physicians. Cf Blue Cross. organizations, insurance companies and HMOs, Fortune 500 employers, Taft-Hartley groups, state and local governments, and other health plan sponsors. AdvancePCS is ranked by Fortune magazine as one of America's 100 fastest-growing public companies, and is included on the Forbes Platinum 400 list of best big companies. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Any statements included in this press release that are not historical facts and that concern predictions of economic performance and management's plans and objectives constitute forward-looking statements under the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provision of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. We do not undertake any obligation to provide updates to such forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, changes in the health care industry or the economy in general, competition, acquisitions, changes in the legislative or regulatory environment, and other factors detailed in AdvancePCS' Securities and Exchange Commission filings. |
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