CVS Caremark Awarded Consolidated AT&T Pharmacy Benefit Management Contract
Monday April 7, 9:00 am ET
Will Provide Fully Integrated Pharmacy Services for AT&T's Approximately 500,000 Plan Participants
WOONSOCKET, R.I.--(BUSINESS WIRE)--CVS Caremark (NYSE:CVS - News) today announced that it has been awarded a contract to provide PBM services to AT&T’s employees and retirees, effective January 1, 2009. CVS Caremark will provide a comprehensive suite of integrated pharmacy services, including claims processing, network management, rebate contracting, mail order pharmacy and specialty pharmacy services. This will be supported by CVS Caremark’s award-winning service infrastructure and unique pharmacy care strategies that proactively inform and engage consumers to take control of their health, best positioning the company to drive positive outcomes at the lowest overall cost.
"We are delighted that AT&T has chosen to consolidate its entire PBM business with us," stated Tom Ryan, Chairman, President, and Chief Executive Officer of CVS Caremark. "AT&T is one of our oldest and best customers, and we consider this decision to be a vote of confidence for our integrated model of delivering pharmacy health care. By consolidating their PBM business with CVS Caremark, they will be well positioned to consider a number of the unique services that only we can offer."
About CVS Caremark
CVS Caremark is the largest provider of prescriptions in the nation. The Company fills or manages more than 1 billion prescriptions annually. Through its unmatched breadth of service offerings, CVS Caremark is transforming the delivery of health care services in the U.S. The Company is uniquely positioned to effectively manage costs and improve health care outcomes through its 6,300 CVS/pharmacy stores; its pharmacy benefit management, mail order and specialty pharmacy division, Caremark Pharmacy Services; its retail-based health clinic subsidiary, MinuteClinic; and its online pharmacy, CVS.com. General information about CVS Caremark is available through the Investor Relations portion of the Company's website, at http://investor.cvs.com, as well as through the pressroom portion of the Company's website, at www.cvs.com/pressroom.
Amazing. bananarug4 and cmxsux actually did post an obnoxious series of messages on the Walmart message board around March 13th of 2008.
This only confirms that I don't post or read the Walmart board, very often. It also corroborates vast similarities in word choices used by both posters... "nuff said"... "passive aggressive"... all clues that these two posters are one in the same.
There are NO Yank posts on the Walmart board during the last year. NONE. And, thus, cmxsux is exposed as a pathological liar. And bananarug4's absurd claim that I got his ID's flushed and eradicated the evidence of his posts just adds fuel to the fire of these two being the selfsame, sick poster; bananarug4's posts have not been purged for some time, long predating the alleged 3/13/08 verbal exchange that cmxsux erroneously claims somehow implicates me.
"What a tangled web we weave...."
Good luck, CVS'ers. I think this company has outstanding investment potential.
Someone does not want you to read these posts, Allof the sudden,we are getting swamped with spam....hummm... now who could that be?
Let's see, when did it start and who is new to the board from the wags board?
I have seen posts before saying that someoone uses multiple id's on wags too. Just lookat his previous messages!
But, of course he denied it and said he could prove it, of course that never happened.
What has come to this board?
OMG,We have been invaded by a poster of the worst kind!
The ATT deal is the trojan horse for all PBM's? Funny, I missed your posts saying it would be a good thing if CVS lost the contract. And, I hate to use facts, but today's volume is above average. Face it, you have made, and continue to make, the wrong call. But there's good news. In this country, more and more we make the vice of being a dumbazz into the virtue of being "non-traditional". However, I personally still think you're simply a dumbazz. And the fact that you continue to short a winning stock in a losing market (YTD) proves my point. YOu have no argument to refute THAT, dumbazz. But hang in there. Maybe in a few years reality will mesh up with what you WANT to happen.
Listen up chump. CVS is a house of cards. It is about to unravel.
The volume is low today. Investors do not understand this news. The ATT deal is a trojan horse for all PBMs. Looks good on the outside, but contains that which will bring CVS to its knees.
This contract is HUGE. I dont care what the bashers are saying!
It sure would have been a totally different story had this contract been lost as we heard all year long!
Well, It wasn't!
Let the stock do the talking!
Lets take this to the bank!