Medco

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Medco not interested in Walgreen PBM unit

Medco Health Solutions Inc. would not be interested in buying Walgreen Co.’s pharmacy benefit unit because it is too small, Medco’s chief executive said on Friday.

Walgreen has hired Bank of America to sell its pharmacy benefits business, a source close to the situation told Reuters last month. Get the full story »

Report: Walgreen to sell pharmacy benefits unit

Drug store chain Walgreen has hired Bank of America¬† to help auction its pharmacy benefits management business, Bloomberg reports, citing three people with knowledge of the matter. Get the full story »

Prescription business brisk in 2Q

Prescriptions increased in the second quarter for some of the largest U.S. drugstores and pharmacy benefits managers despite the weak economy, an analyst for Fitch Ratings said Friday.

Analyst Bob Kirby said prescriptions for Medco Health Solutions Inc. and Express Scripts Inc. and for the drugstores Walgreen Co. and CVS Caremark Corp. rose 5.2 percent from a year earlier. Kirby said he expects similar growth for the rest of the year assuming economic conditions don’t change much. Get the full story »