Tue, Jun 18, 2013, 6:13 PM EDT - U.S. Markets closed
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more like "take the cash and run" low margin businesstata
I understand Cigna, tried to sell their PBM last year, They pulled it off the market when the bidding did not meet expectations.I would be interested but my funds are low right now.
Add this:Walgreens better understand who they sell the PBM to.The Data base of Rx patterns/outcome reviews could be damaging to geo. retail competition.
I would say that the PBM never was profitable. It should be interesting to see what they get for it - if they even say. Might find out in a SEC filing but not in a PR, IMO. We'll see.
Larry,New cars coming off lease where not profitable either, can you think, of a company called Car-Max.I also heard Hertz makes money on used cars, perhaps its a rumor.Selling a PBM when the market is getting more competitive, Cash is King!