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Medco Delivers First-Quarter 2009 GAAP Diluted EPS of $0.58; Diluted EPS Excluding Amortization of Intangible Assets of $0.63; Reaffirms 2009 EPS Guidance; Announces Win of Coventry Commercial Business Starting January 1, 2010
Date:4/29/2009

EBITDA per adjusted prescription $2.86 $2.96 ===== ===== (1) Includes majority-owned Europa Apotheek Venlo's operating results commencing on the April 28, 2008 acquisition date. (2) Includes a $9.8 million charge for the ineffective portion of the forward-starting interest rate swap agreements associated with the March 2008 issuance of senior notes. (3) Adjusted prescription volume equals substantially all mail-order prescriptions multiplied by three, plus retail prescriptions. These mail-order prescriptions are multiplied by three to adjust for the fact that they include approximately three times the amount of product days supplied compared with retail prescriptions. Medco Health Solutions, Inc. Accredo Health Group (Specialty Pharmacy) Segment Results (Unaudited) (In millions) Table 7. Quarter Ended Quarter Ended March 28, Increase March 29, 2009 (Decrease) 2008 ---------- ---------- ---------- Specialty Pharmacy: ------------------- Product net revenues $2,263.9 $389.4 20.8% $1,874.5 Service revenues 22.4 7.3 48.3% 15.1 ---- --- ---- ---- Total net revenues 2,286.3 396.7 21.0% 1,889.6 Total cost of revenues 2,108.8 364.3 20.9% 1,744.5 Selling, general and administrative expenses 74.8 4.4 6.3% 70.4 Amortization of intangibles 11.4 0.4 3.6% 11.0
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SOURCE Medco Health Solutions, Inc.
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