Corporate Profile for Express Scripts, dated Friday, August 3.Business Editors --(BUSINESS WIRE) The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services.
Published Date: Friday, August 3, 2001
Company Name: Express Scripts
Address: 13900 Riverport Dr.
Maryland Heights, MO 63043
Main Telephone
Number: 314/770-1666
Internet Home
Page Address
(URL) www.express-scripts.com
Chief Executive
Officer: Barrett Toan
Chief Financial
Officer: George Paz
Investor Relations
Contact: David Myers
Business number: 314/702-7173
E-mail address: david.myers@express-scripts.com
Public Relations
Contact: Ryan Soderstrom
Business number: 952/837-5160
E-mail address: rsoderst@express-scripts.com
Industry: Pharmacy Benefit Manager
Trading Symbol/
Exchange: ESRX / NASDAQ/NM
Market Makers: Credit Suisse First Boston, Solomon Smith Barney,
Goldman Sachs, Bank of America, CIBC World Markets
Company description: Express Scripts, Inc. is one of the largest pharmacy benefit management A Pharmacy Benefit Manager (PBM) is a third party administrator of prescription drug programs. They are primarily responsible for processing and paying prescription drug claims. (PBM PBM - play by mail. See play by electronic mail. ) companies in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Through facilities in seven states and Canada Canada (kăn`ədə), independent nation (2001 pop. 30,007,094), 3,851,787 sq mi (9,976,128 sq km), N North America. Canada occupies all of North America N of the United States (and E of Alaska) except for Greenland and the French islands of , the company serves thousands of client groups, including managed care organizations, insurance carriers, third-party administrators, employers and union-sponsored benefit plans. As of July 1, 2001 Express Scripts served 47 million members. In the last decade, pharmaceutical spending has emerged as most utilized and the fastest growing component of healthcare. Escalating healthcare costs and rising pharmaceutical utilization have provided a market opportunity for Express Scripts as a leading, independent, full-service PBM. Express Scripts provides integrated PBM services, including network pharmacy pharmacy, art of compounding and dispensing drugs and medication. The term is also applied to an establishment used for such purposes. Until modern times medication was prepared and dispensed by the physician himself. In the 18th cent. claims processing, mail pharmacy services, benefit design consultation, drug utilization review drug utilization review Health insurance A study of drug prescriptions to evaluate appropriateness and cost-effectiveness of drug therapy , formulary formulary /for·mu·lary/ (for´mu-lar?e) a collection of recipes, formulas, and prescriptions. National Formulary see under N. for·mu·lar·y n. management, disease management, medical and drug data analysis services, medical information management services and informed decision counseling services through its Express Health Line SM division. The company also provides distribution services for specialty pharmaceuticals through its Specialty Distribution subsidiary. Express Scripts is headquartered in St. Louis, Missouri Missouri, state, United States Missouri (mĭz  r`ē, –ə), one of the midwestern states of the United States. . More information can be found at
http://www.express-scripts.com, which includes expanded investor
information and resources.
2000 Revenues $6.8 billion 2000 Stock High/Low $53 1/2 / $14.25 2001 Stock High/Low $61.45 / $37.875 2000 Net Income $94.1 million, excluding nonrecurring items |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion