The Canadian PressFebruary 20, 2014 20:34
NEW YORK, N.Y. - Express Scripts, the largest U.S. pharmacy benefits manager, said Thursday that its fourth-quarter net income slipped, hurt by the loss of UnitedHealth, a large customer.
Charges related to its $29.1 billion purchase of Medco Health Solutions in 2012 and other expenses also weighed on profit.
Pharmacy benefits managers run prescription drug plans for employers, insurers and other customers. They process mail-order prescriptions and handle bills for prescriptions filled at retail pharmacies. Express Scripts fills more than a billion prescriptions a year.