Stock Symbol: MHS

Receive a complete Daily History of this Stock You can receive a complete daily file of this issue since 1970 or stock inception. We will email you the file in ASCII format within a few hours or ordering. Product Details | Order

Business Description
Medco Health Solutions, Inc. provides prescription benefit management (PBM) services through its national networks of retail pharmacies and its own mail-order pharmacies. Medco has a number of clients in various industry categories, including Blue Cross/Blue Shield plans; managed care organizations; insurance carriers; third-party benefit plan administrators; employers; federal, state and local government agencies, and union-sponsored benefit plans. UnitedHealth Group represented approximately 18% of total net revenues for the year ended December 31, 2003.

Financial Information
For the 26 weeks ended 6/26/04, revenues rose 6% to $17.74 billion. Net income rose 11% to $230.8 million. Revenues reflect the ProVantage acquisition, higher prices and the addition of UnitedHealth as a client. Net income reflects higher gross margin from mail order subscriptions.