14+ Acre Parcel will be New Home of Therapeutic Riding Center
INDIANAPOLIS, Nov. 11 /PRNewswire-FirstCall/ -- Medco Health Solutions, Inc. (NYSE: MHS) and Browning/Duke LLC announced today that they are jointly donating more than 14 acres of land in AllPoints at Anson to Morning Dove Therapeutic Riding, Inc., a nonprofit organization founded in 1998. The land is located adjacent to Medco's new fully automated dispensing pharmacy currently under construction in AllPoints at Anson, the commercial district of the 1,700-acre mixed-use community just northwest of Indianapolis. The site will become the permanent home for Morning Dove, an organization that enriches the lives of individuals in need through relationships with horses.
Browning/Duke LLC, an industrial development joint venture between Browning Investments and Duke Realty Corporation, and Medco agreed to donate the land during talks between the two companies when Medco was selecting a site for its new facility. All parties are committed to making a difference in the communities in which they live and do business. The land donation to Morning Dove is an opportunity to make a significant contribution.
"Medco, in conjunction with Browning/Duke LLC, is pleased to be able to provide Morning Dove with a permanent site for their operations," said Richard P. Jones, Medco Vice President and General Manager of the new pharmacy. "As a member of the health care community, Medco appreciates the role alternative treatments, such as therapeutic riding, can have in helping to improve the physical and mental well-being of youth and adults in need. The site's location, so near our new building, will allow Medco employees who want to volunteer at Morning Dove easy access. This opportunity allows Medco to take an active role in an initiative that benefits citizens in Boone County and the surrounding community."
"We are committed to the Whitestown and greater Boone County communities and, as part of that commitment, wanted to help Morning Dove have a permanent home here at Anson," said Tom Dickey, Vice President/General Manager with Duke. "Morning Dove has had temporary use of a barn, house, and grounds in Anson for their program, but that site did not provide a long-term solution. With this land, Morning Dove now has a place they can call home in the diverse community that is being created."
"Morning Dove offers valuable services to residents of Indianapolis and the surrounding counties," said John Hirschman, Director, Real Estate Development with Browning Investments. "We are pleased to have the opportunity to help this fine organization continue to serve hundreds of children and adults who can benefit from interaction with the horses and volunteers who assist in the program."
Morning Dove (http://www.morningdovetrc.org) is an incorporated, non-profit organization committed to providing life enrichment through the use of the proven benefits of therapeutic horseback riding in a safe and enjoyable environment for those who experience physical, mental and/or emotional challenges. It has partnered with other local agencies to offer hippotherapy, therapeutic riding, mental health initiatives, summer camps, and other community programs.
"While we are extremely grateful to Duke for the use of the temporary facility at Anson that we have been using following the loss of our barn to a fire in 2006, this significant donation of land, as well as the potential for increased volunteer participation from Anson businesses and residents, will allow our program to grow and reach even more individuals," said Lisa Latz John, Executive Director. The announcement of this land donation kicks off Morning Dove's annual fund-raiser, Diamonds and Denim, which begins their capital campaign to raise money for a state-of-the-art therapeutic riding facility at the new site in Anson.
Medco Health Solutions, Inc. (NYSE: MHS) is the nation's leading pharmacy benefit manager based on its 2007 total net revenues of more than $44 billion. Medco's prescription drug benefit programs, covering approximately one-in-five Americans, are designed to drive down the cost of pharmacy health care for private and public employers, health plans, labor unions and government agencies of all sizes, for individuals served by the Medicare Part D Prescription Drug Program, and those served by Medco's specialty pharmacy segment, Accredo Health Group. Medco, the world's most advanced pharmacy(R), is positioned to serve the unique needs of patients with chronic and complex conditions through its Medco Therapeutic Resource Centers(R), including its enhanced diabetes pharmacy care practice through the Liberty acquisition. Medco is the highest-ranked independent pharmacy benefit manager on the 2008 Fortune 100 list. On the Net: http://www.medcohealth.com.
Founded in 1977, Browning remains one of the premier development companies in Indianapolis and is engaged in the acquisition, development, construction, leasing, management, ownership and disposition of investment real estate properties, primarily in the Indianapolis metropolitan area. In total, Browning has developed and constructed more than 15 million square feet of space. To learn more, visit browninginvestments.com.
About Duke Realty Corporation
Duke Realty Corporation specializes in the ownership, construction, development, leasing, and management of office, industrial, and health care real estate. It is the largest publicly traded, vertically integrated office/industrial real estate company in the United States. The company owns, manages, or has under development more than 143 million rentable square feet in 24 major U.S. cities. Duke, which controls more than 7,400 acres of land for more than 110 million square feet of future development, also provides nationwide real estate solutions through its national development division. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P MidCap 400 Index. More information about Duke is available on the Internet at dukerealty.com.
|SOURCE Medco Health Solutions, Inc.|
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