Walgreen Co. Message Board
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Walgreen Said to Seek Sale of PBM Unit:
more like "take the cash and run" low margin business
tata-
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.- 1 Reply to robbsbeach
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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.
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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.
- 1 Reply to larrydett
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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!
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