Caremark Rx, Inc., Opening Customer Care Center in Nashville to Serve Rapid Growth; Recruitment Has Begun for Management and Customer Service Positions.

NASHVILLE, Tenn. -- Caremark Rx, Inc. (NYSE:CMX), a leading pharmacy benefits manager, today announced plans to open a state-of-the-art customer care center in Nashville, Tenn., to serve the growth of its business.

The customer care center will receive calls from participants in benefit plans provided by corporate employers, health plans and governmental agencies, including those enrolled in the new Medicare Part D benefit. The Nashville facility, the second in the state, will begin operations in mid-July at Metro Center, and will complement other call centers the company operates in Arizona, California, Missouri, Tennessee and Texas. The Nashville call center will be capable of handling 350,000 calls per month by year-end and will employ approximately 600 people when it reaches full capacity in two to three years.

"When we relocated our corporate headquarters to Nashville we felt that Nashville and Tennessee would be attractive as a home for some of our core operations as well. We are pleased that the growth of our business requires this new facility, particularly in Nashville," said Mac Crawford, Caremark Chairman, CEO and President. "We have an extremely successful call center in Knoxville and we are highly committed to the Nashville marketplace, firmly recognizing the area's geographical convenience, superior infrastructure and talented workforce."

The State applauded the company's efforts. "Caremark's decision to expand in Tennessee so soon after announcing its corporate headquarters here is a wonderful success for our state and workers throughout the region," said Tennessee Governor Phil Bredesen. "The Department of Economic & Community Development and the Department of Labor worked closely with the city of Nashville, TVA and the Nashville Area Chamber of Commerce to make this project a reality. Once again, we emphasized the Jobs Cabinet approach as a strategy in this job creation opportunity; and once again, the hard work and collaboration we put into it has paid off tremendously resulting in 600 new jobs that will help boost our state's economy. We congratulate Caremark on this new investment and extend our thanks to them for their confidence in our business climate and workforce."

Nashville Mayor Bill Purcell noted, "Caremark's commitment to this community is clear. It is also clear that our city, state and chamber are committed to working together to create an economic environment that will allow businesses like Caremark to grow here and become successful across the country."

Caremark worked extensively with the Nashville Chamber of Commerce to coordinate this effort. "We knew from day one how fortunate we were that Mac Crawford and his management team decided to relocate Caremark's headquarters to Nashville almost two years ago," said Janet Miller, senior vice president of economic development for the Nashville Area Chamber of Commerce. "This latest announcement reinforces Caremark's commitment to the region and absolutely reflects the collaborative efforts of our partnership with the Tennessee Department of Economic and Community Development, the Mayor's Office of Economic and Community Development and the Tennessee Valley Authority."

The call center is 94,000 square feet, with room for expansion. Jim Smith of Colliers Turley Martin Tucker represented Caremark in lease negotiations. Steve Preston of Duke Realty represented Duke, which owns the building.

About Caremark Rx, Inc.

Caremark Rx, Inc. 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 throughout the U.S. Caremark's clients include corporate health plans, managed care organizations, insurance companies, unions, government agencies and other funded benefit plans. The company operates a national retail pharmacy network with over 59,000 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 Rx is available on the World Wide Web at www.caremarkrx.com.