updated personnel and contact, added 2011 revenues
←Older revision
Revision as of 19:56, 30 January 2013
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{{#badges: AEX|tobaccowiki}}
{{#badges: AEX|tobaccowiki}}
'''Medco Health Solutions, Inc.''', based in Franklin Lakes, New Jersey, is a large U.S. mail order pharmacy and pharmacy benefits management company. Customers can get their prescriptions through a network of 60,000 pharmacies or by using the internet. The company manages drug benefits for corporations, unions, insurance companies, and federal employees.
'''Medco Health Solutions, Inc.''', based in Franklin Lakes, New Jersey, is a large U.S. mail order pharmacy and pharmacy benefits management company. Customers can get their prescriptions through a network of 60,000 pharmacies or by using the internet. The company manages drug benefits for corporations, unions, insurance companies, and federal employees.
−
[http://www.hoovers.com/medco-health/--ID__105515--/free-co-factsheet.xhtml Medco Profile], ''Hoovers'', accessed January 2008.
In April 2012, the Federal Trade Commission approved its merger with Express Scripts to form the pharmacy benefits management industry's largest company.
+
[http://www.hoovers.com/medco-health/--ID__105515--/free-co-factsheet.xhtml Medco Profile], ''Hoovers'', accessed January 2008.
In April 2012, the Federal Trade Commission approved its merger with
'''
Express Scripts
'''
to form the pharmacy benefits management industry's largest company.
In 2006, sales were US$42.5 billion with profits of US$630 million. Top competitors are [[CVS Caremark]] Pharmacy Services
In 2006, sales were US$42.5 billion with profits of US$630 million. Top competitors are [[CVS Caremark]] Pharmacy Services
and [[CIGNA]].
and [[CIGNA]].
+
+
In 2011, Express Scripts reported $46,128,300,000 in revenue.
Express Scripts, [http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MTM1NTEyfENoaWxkSUQ9LTF8VHlwZT0z&t=1 "2011 Annual Report"], organizational document, page 2.
==Ties to the American Legislative Exchange Council==
==Ties to the American Legislative Exchange Council==
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==Personnel==
==Personnel==
−
Key executives and 2006 pay:
+
===Management===
−
[http://
phx
.
corporate
-
ir
.
net
/
phoenix.zhtml?c=131268&p=irol-govManage Executive officers
],
Medco
, accessed January
2008.
+
As of January 2013:
Express Scripts,
[http://
www
.
express
-
scripts
.
com
/
pressroom/informationresources/leadership/ Leadership
],
organizational website
, accessed January
2013
−
*
[[David B. Snow, Jr.]]
, Chairman
and
Chief Executive Officer,
$8
,
610
,
000 (2007)
[http://www.forbes.com/lists/2007/12/lead_07ceos_David
-
B
-
Snow-Jr_7H3C.html David B Snow Jr], ''Forbes'', accessed January 2008.
+
*
George Paz
, Chairman
&
Chief Executive Officer
−
*
[[Bryan D. Birch]]
,
Group
President,
Employer Accounts
,
$2
,
306
,
744
[http://www.forbes.com/finance/mktguideapps/personinfo/FromPersonIdPersonTearsheet.jhtml?passedPersonId=900448 Bryan D Birch]
,
''Forbes''
,
accessed January 2008.
+
*Keith Ebling
,
Executive Vice President & General Counsel
−
*
[[John P. Driscoll]]
, President
, Insured and Emerging Markets, $1,873,581
[http://www.forbes.com/finance/mktguideapps/personinfo/FromPersonIdPersonTearsheet.jhtml?passedPersonId=928669 John P Driscoll], ''Forbes'', accessed January 2008.
+
*Jeff Hall
,
Executive Vice President & Chief Financial Officer
−
*
[[Kenneth O. Klepper]]
, Chief
Operating
Officer
, $4,117,601 (also exercised $2,005,313 in options)
[http://www.forbes.com/finance/mktguideapps/personinfo/FromPersonIdPersonTearsheet.jhtml?passedPersonId=884358 Kenneth O Klepper], ''Forbes'', accessed January 2008.
+
*Christine Houston
,
Senior Vice President
-
Pharma & Retail Relations
−
*
[[JoAnn A. Reed]]
, Chief
Financial
Officer
, $1,793,013
[http://www.forbes.com/finance/mktguideapps/personinfo/FromPersonIdPersonTearsheet.jhtml?passedPersonId=939498 Joann A Reed], ''Forbes'', accessed January 2008.
+
*Ed Ignaczak, Executive Vice President
-
Sales & Marketing
+
*
Pat McNamee
,
Executive Vice
President
& Chief Operating Officer
+
*Steve Miller
,
MD
,
Senior Vice President & Chief Medical Officer
+
*Glen Stettin
,
MD
,
Senior Vice President - Clinical
,
Research & New Solutions
+
*Sara Wade
,
Senior Vice President & Chief Human Resources Officer
+
*
Tim Wentworth
,
Senior Vice
President
& President - Sales & Account Management
+
*
Gary Wimberly
,
Senior Vice President &
Chief
Information
Officer
+
*
Larry Zarin
,
Senior Vice President &
Chief
Marketing
Officer
−
Selected members
of the Board of
Directors:
+
'''Former executives include''':
[http://phx.corporate-ir.net/phoenix.zhtml?c=131268&p=irol-govManage Executive officers], Medco, accessed January 2008.
(with 2006 pay)
−
[http://phx.corporate-ir.net/phoenix.zhtml?c=131268&p=irol-govCommComp Board of Directors], Medco, accessed January 2008.
+
*David B. Snow, Jr., Chairman and Chief Executive Officer, $8,610,000 (2007)
[http://www.forbes.com/lists/2007/12/lead_07ceos_David-B-Snow-Jr_7H3C.html David B Snow Jr], ''Forbes'', accessed January 2008.
−
*
[[
Howard W. Barker, Jr.
]]
,
Former
partner at [[KPMG]]
+
*Bryan D. Birch, Group President, Employer Accounts, $2,306,744
[http://www.forbes.com/finance/mktguideapps/personinfo/FromPersonIdPersonTearsheet.jhtml?passedPersonId=900448 Bryan D Birch], ''Forbes'', accessed January 2008.
−
*
[[
Michael Goldstein
]]
,
Former
Chief Executive Officer
[[
Toys "R" Us
]]
+
*John P. Driscoll, President, Insured and Emerging Markets, $1,873,581
[http://www.forbes.com/finance/mktguideapps/personinfo/FromPersonIdPersonTearsheet.jhtml?passedPersonId=928669 John P Driscoll], ''Forbes'', accessed January 2008.
−
*
[[
Myrtle Potter
]]
,
Also
Director [[Amazon]].com,
Former
Chief Operating Officer [[Genentech]]
+
*Kenneth O. Klepper, Chief Operating Officer, $4,117,601 (also exercised $2,005,313 in options)
[http://www.forbes.com/finance/mktguideapps/personinfo/FromPersonIdPersonTearsheet.jhtml?passedPersonId=884358 Kenneth O Klepper], ''Forbes'', accessed January 2008.
+
*JoAnn A. Reed, Chief Financial Officer, $1,793,013
[http://www.forbes.com/finance/mktguideapps/personinfo/FromPersonIdPersonTearsheet.jhtml?passedPersonId=939498 Joann A Reed], ''Forbes'', accessed January 2008.
+
+
===Board of Directors===
+
*George Paz, Chairman
of the Board
; Chief Executive Officer,Express Scripts
+
*Gary G. Benanav, Director; Retired Vice Chairman, New York Life Insurance Company
+
*Maura C. Breen, Chairman
of
the Compensation Committee; Retired Senior Vice President, [[Verizon Communications]]
+
*William J. DeLaney, Director; President and Chief Executive Officer, Sysco Corporation
+
*Nicholas J. LaHowchic, Director, Chairman of the Compliance Committee; President, Diannic LLC
+
*Thomas P. Mac Mahon, Presiding Director, Chairman of the Corporate Governance Committee; Director and Retired Chairman and Chief Executive Officer, Laboratory Corporation of America Holdings; Director, Member of Compensation Committee and past Chairman of the Board of PharMerica Corporation
+
*Frank Mergenthaler, Director, Chairman of the Audit Committee; Executive Vice President and Chief Financial Officer, Interpublic Group
+
*Woodrow A. Myers Jr., M.D., Director; Managing Director, Myers Ventures LLC
+
*John O. Parker, Jr. , Director; Venture Partner, Rho Ventures, LLC
+
*William L. Roper, MD, MPH, Director; Dean, University of North Carolina (UNC) School of Medicine; Vice Chancellor for Medical Affairs; Chief Executive Officer, UNC Health Care System
+
*Samuel K. Skinner, Director; Retired Chairman and Chief Executive Officer, USF Corp.; Former U.S. Secretary of Transportation and Chief of Staff To President of United States (under [[George H.W. Bush]])
+
*Seymour Sternberg, Director; Retired Chairman and Chief Executive Officer, New York Life Insurance Company
+
+
'''Former board members include''':
[http://phx.corporate-ir.net/phoenix.zhtml?c=131268&p=irol-govCommComp Board of Directors], Medco, accessed January 2008.
+
*Howard W. Barker, Jr.,
former
partner at [[KPMG]]
+
*Michael Goldstein,
former
Chief Executive Officer
,
Toys "R" Us
+
*Myrtle Potter,
also
Director
at
[[Amazon]].com,
former
Chief Operating Officer
of
[[Genentech]]
==Contact details==
==Contact details==
−
100 Parsons Pond Drive
+
Express Scripts Holding Co.
−
Franklin Lakes, NJ 07417
+
1 Express Way
−
Phone: 201-269-3400
+
St. Louis, MO, 63121
−
Fax
:
201
-
269-1109
+
−
Web:
http://
www.
medco
.com
+
Phone
:
(314) 996
-
0900
+
Web: www.
express-scripts
.com
==Resources==
==Resources==