Medco Announces Organizational Changes ( FRANKLIN LAKES N.J. Sept. 25 /- M...)

Medco Announces Organizational Changes

Date:9/25/2008

FRANKLIN LAKES, N.J., Sept. 25 /PRNewswire-FirstCall/ -- Medco Health Solutions, Inc. (NYSE: MHS) today announced the following organizational changes to further enhance its products and services for clients and members:

Timothy Wentworth has been named Group President, Employer Accounts, effective immediately. Formerly president and CEO of Accredo Health Group, Inc., Tim will now lead Medco's Employer Accounts Customer Group, responsible for Medco's self-insured clients, large and small; and

Steven Fitzpatrick, formerly chief operating officer of Accredo, will assume the role of President of Accredo, responsible for continuing the momentum of specialty pharmacy as one of the fastest growing segments in health care and advancing the company's high marketplace performance and clinical excellence.

"With its new scale, the timing is right to optimize and leverage Medco's operational capabilities, while at the same time honoring Accredo's unique attributes -- including deep relationships with patients, physicians, payors and pharmaceutical manufacturers," said Kenny Klepper, Medco president and chief operating officer. "These changes underscore the synergies possible across all our business organizations, and I am confident that Tim and Steve will continue to take these positions to new heights.

"During his tenure in Memphis, Tim led the rapid and successful integration of Accredo into the mainstream of Medco. At the time of the acquisition, Accredo contributed about $3 billion in revenue; today it's on track to exceed $7 billion.

"Steve has distinguished himself as a dynamic business executive with a deep understanding of Accredo's business. Along with his Memphis-based leadership team, Steve will continue T
'/>"/>

0

GOOD

Page: 1 2 3
Related medicine news :

1. Medco CEO Unveils Pragmatic Blueprint for Health Care Reform; Reducing Costs by Upwards of $1 Trillion
2. Medco Announces Research Collaboration with FDA Focused on Personalized Medicine
3. Medco to Present at the BMO Capital Markets 2008 Focus on Healthcare Conference
4. Medco Reports Record Second-Quarter 2008 GAAP Diluted EPS; Reflects Growth of 34.2 Percent; Raises and Narrows 2008 Guidance
5. Coventry Health Care Awards Medicare Pharmacy Services Contract to Medco
6. Medco to Present at the William Blair & Company, L.L.C. 28th Annual Growth Conference
7. Medco CEO to Present at the Goldman Sachs Twenty-Ninth Annual Global Healthcare Conference
8. Medco, Healthways Launch Center for Health Action to Deliver Optimal Health(TM)
9. Medco to Present at the Bank of America 2008 Health Care Conference
10. Medco Joins Cincinnatis Cover the Uninsured Week Effort To Deliver Lower Cost Health Care
11. Medco Reports Strong First-Quarter Results; Record EPS, Mail-Order Volume, Generic Dispensing Rates

Post Your Comments:

Medco Announces Organizational Changes( FRANKLIN LAKES N.J. Sept. 25 /- M...),Health