Medco Chooses AllPoints at Anson in Whitestown, Indiana as Site for the World's Largest, Most-Advanced Automate... (o a contributing factor to the finaldeci...)

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Medco Chooses AllPoints at Anson in Whitestown, Indiana as Site for the World's Largest, Most-Advanced Automated Pharmacy

Date:12/18/2007

o a contributing factor to the final decision," said Boone County Economic Development Corporation's executive director Kristie McKillip.

Medco intends to provide competitive salaries and a comprehensive employee benefit package for a wide range of positions. Hiring is expected to begin in the second quarter of 2008, with the majority of the hiring expected in 2010 and 2011.

The Indiana Economic Development Corporation offered Medco up to $18.25 million in performance-based tax credits and up to $850,000 in training grants based on the company's job creation plans. Boone County offered a $5 million cash grant for infrastructure and technology purchases. The town of Whitestown offered $7.8 million in property tax abatements, made possible through a state program.

The Indy Partnership, Central Indiana's local economic development organization, and BioCrossroads, Indiana's initiative to grow the life sciences, partnered with the Indiana Economic Development Corporation to coordinate Indiana's pursuit of the Medco investment. The Boone County Economic Development Corporation played a critical role in coordinating local incentives.

Transforming the Practice of Pharmacy

Coupled with its unparalleled dispensing pharmacy practice, Medco has created an industry leading end-to-end specialized pharmacy practice model.

Medco is leading the way by transforming pharmacy care from a "generalist" practice to a "specialist" practice. Specially trained pharmacists are becoming experts in different disease states to better serve members' with chronic and complex conditions. Specialization allows pharmacists to fully engage Medco members with a greater understanding of their medical conditions, assist them with potential side effects from their treatments, and provide more comprehensive counsel to help ensure members are on the right medication, the right dose and are adhering to their treatment to ensure the best result.

"Medco believes
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Medco Chooses AllPoints at Anson in Whitestown, Indiana as Site for the World's Largest, Most-Advanced Automate...(o a contributing factor to the finaldeci...)