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June 30, 2008
MEDCO WINS COVENTRY MEDICARE PBM BUSINESS
Medco Health Solutions (Franklin Lakes, NJ) has won a multi-year contract effective Jan. 1, 2009 to provide pharmacy benefit management services to Coventry Inc. (Bethesda, MD) for its Medicare health plans covering 1 million members and more than $2 billion in annual drug spend. The PBM contract had previously been held by CVS Caremark, which still handles Coventry’s commercial business lines.
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