Caremark's Chairman, President and CEO Emphasizes the Benefits of Merger with CVS.NASHVILLE, Tenn. -- At today's JP Morgan 25th Annual Healthcare Conference, Mac Crawford, Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Caremark Rx  The introduction to this article may be too long. Please help improve the introduction by moving some material from it into the body of the article according to the suggestions at , Inc. (NYSE NYSESee: New York Stock Exchange : CMX CMX Corel Presentation Exchange (file extension) CMX Cisco Mobile Exchange CMX Cloaca Maxima (sewage system of ancient Rome; Finnish rock band) CMX Crisis Management Exercise ) reiterated Caremark's strong commitment to the CVS/Caremark transaction and emphasized the benefits of the merger with CVS (1) (Concurrent Versions System) A version control system for Unix that was initially developed as a series of shell scripts in the mid-1980s. CVS maintains the changes between one source code version and another and stores all the changes in one file. to shareholders. "The CVS/Caremark combination will provide our customers and consumers with exactly what they've been asking for: direct contact and access to pharmacists This is a list of notable pharmacists.
Mr. Crawford stressed that a CVS/Caremark merger provides for: * Significant strategic benefits * Financial benefits that are concrete * Expected first quarter close, ensuring minimal business disruption disruption /dis·rup·tion/ (dis-rup´shun) a morphologic defect resulting from the extrinsic breakdown of, or interference with, a developmental process. CVS/Caremark would have a strong financial position, with low leverage and strong cash flow generation that will give the company financial flexibility. This will allow the new company to consider such options as dividends and share buybacks. "The Caremark and CVS management teams have great experience in handling mergers with significant size and scale. We strongly believe that the CVS/Caremark combination will offer near and long-term benefits for our shareholders, customers and consumers. We are committed to making this work." Mr. Crawford concluded today's presentation by recommending shareholders to vote in favor of the merger agreement with CVS Corporation. About Caremark Caremark is a leading pharmaceutical services company, providing through its affiliates comprehensive drug benefit services to over 2,000 health plan sponsors and their plan participants Plan participants Employees or other beneficiaries who are eligible to receive benefits from a company's employee benefit plan. throughout the U.S. The company's clients include corporate health plans, managed care organizations, insurance companies, unions, government agencies and other funded benefit plans. In addition, Caremark is a national provider of drug benefits to eligible beneficiaries under the Medicare Part D program. The company operates a national retail pharmacy network with over 60,000 participating pharmacies, seven mail service pharmacies, the industry's only FDA-regulated repackaging plant and 21 licensed specialty pharmacies for delivery of advanced medications to individuals with chronic or genetic diseases and disorders. Additional information about Caremark is available at www.Caremark.com. |
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