Express Scripts Reports First Quarter EPS of $0....(hanged its organizational structure with...),Health

Date:4/29/2009

hanged its organizational structure with new strategic business segments: Pharmacy Benefit Management (PBM), which now includes specialty pharmacy results, and Emerging Markets (EM). The EM segment includes drug distribution services, fertility, sampling and other lines of business. EM services present potential for growth and aligning them together under strong leadership will benefit these investments.

2009 Guidance

The Company previously provided 2009 earnings per diluted share guidance in a range of $3.63 to $3.73. This guidance assumed the majority of free cash flow in 2009 would be used for share repurchases beginning mid-year, which the Company believes would have contributed $0.07 to $0.09 to earnings per share. Given the Company's recent announcement of its definitive agreement to purchase WellPoint's NextRx subsidiaries (NextRx), the Company has suspended its existing share repurchase program.

Strong underlying fundamentals will more than offset the impact of the higher expected share count, and as a result, the Company believes its 2009 earnings per diluted share will increase to a range of $3.67 to $3.77 (an increase of $0.11 to $0.13, including the impact of suspending the share repurchase program as shown in Table 3). This guidance range excludes NextRx transaction-related costs and NextRx results after the transaction closes.

About Express Scripts

Express Scripts, Inc. is one of the largest PBM companies in North America, providing PBM services to thousands of client groups, including managed-care organizations, insurance carriers, employers, third-party administrators, public sector, workers' compensation, and union-sponsored benefit plans.

Express Scripts provides integrated PBM services, including network-pharmacy claims processing, home delivery services, benefit-design consultation, drug-utilization review, formulary management, and medical-
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SOURCE Express Scripts, Inc. Copyright©2009 PR Newswire. All rights reserved

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