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Coventry Health Care Awards Medicare Pharmacy Services Contract to Medco
Date:6/23/2008

FRANKLIN LAKES, N.J., June 23 /PRNewswire-FirstCall/ -- Medco Health Solutions, Inc. (NYSE: MHS) announced it will provide pharmacy services for Coventry Health Care, Inc. (NYSE: CVH), a national managed health care company headquartered in Bethesda, Md.

Medco, the leading independent pharmacy benefits manager, will provide mail, retail and specialty pharmacy services for all of Coventry's Medicare programs, covering approximately one million members with annual drug spend exceeding $2 billion. The agreement will commence on January 1, 2009 and is a multi-year arrangement.

"Coventry viewed our Medco Therapeutic Resource Centers(R) as an important advantage for its members," Chairman and CEO David B. Snow Jr. said. "Our specialist pharmacists help patients manage chronic conditions with a higher level of personalized care. The breadth of our service offerings and our capabilities to meet the needs of Medicare beneficiaries, while making overall health care costs more manageable, truly resonates with clients."

Medco provides its Medicare programs for employers, unions, health plans and individuals. Medco collaborates with clients to ensure they maximize the value from benefits tailored to their budgetary, tax, administrative, and employee needs, as well as their need to manage future obligations to retirees. Medco's programs also provide clinical expertise for seniors, who are the most frequent users of chronic medications.

Last year the company completed the roll out of the Medco Therapeutic R
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SOURCE Medco Health Solutions, Inc.
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