Medco listed No. 1 Among Health Care: Pharmacy and Other Services; No. 1 in People Management; Runner-up to Berkshire-Hathaway as Long-Term Investment;
No. 3 for Innovation
FRANKLIN LAKES, N.J., March 6 /PRNewswire-FirstCall/ -- Medco Health Solutions, Inc. (NYSE: MHS), captured the No. 1 position within the Health Care: Pharmacy and Other Services sector on Fortune's America's Most Admired Companies List. In addition, of all companies surveyed, Medco was ranked No. 1 in People Management. Medco was listed as No. 2 among all companies as "Most Admired: Long-Term Investment" -- second only to Berkshire Hathaway; and third in the U.S. based on "Innovation," trailing Apple and Nike.
"To be ranked highest among our industry peers is a tremendous honor. To join some of the world's most revered companies across all industries -- second only to the legendary Berkshire Hathaway as a quality investment and in the same league as Apple and Nike for innovation -- underscores the value Medco delivers to the marketplace in improving clinical and financial outcomes for the millions of Americans we serve every day," said David B. Snow Jr., Medco Chairman and CEO.
Fortune, in partnership with the Hay Group, surveyed 622 companies across 64 industry sectors. To create the industry lists, executives, directors and analysts were asked to rate companies in their own industry on eight criteria, from investment value to social responsibility. Results are featured in the March 17th issue of Fortune magazine.
According to the Fortune survey, Medco received several industry and
-- No. 1 Most-Admired: "Health Care: Pharmacy and Other Services"
category -- with the industry's highest rank in each of eight
attributes: innovation, people management, use of corporate assets,
social responsibility, quality of management, financial soundness,
long-term investment and quality of products/services.
-- No. 1 nationwide in People Management
-- No. 2 nationwide for Long-Term Investment, following
-- No. 3 nationwide in Innovation, following Apple and Nike.
-- No. 3 nationwide for Quality of Products and Services, following
Anheuser-Busch and Nordstrom.
-- No. 6 nationwide for Financial Soundness.
-- No. 7 nationwide in Social Responsibility.
-- No. 10 nationwide for Use of Corporate assets.
-- Among the most admired in New Jersey.
Continued Snow: "Innovation and quality describe not only our company, but the values of our people who are dedicated to pushing the frontier of pharmacy to improve clinical and financial outcomes -- ensuring quality care remains affordable and accessible."
Medco is redefining pharmacy practice by employing hundreds of trained specialist pharmacists to help improve the quality of care for patients with chronic and complex conditions. These pharmacists are better positioned to identify safety issues and consult more effectively with doctors to improve patient care and help lower overall health care costs. The specialist pharmacists work within the Medco Therapeutic Resource Centers(R), with specific centers located nationwide focused on conditions that include diabetes, oncology, arthritis, high blood pressure, high cholesterol and neurology/psychology.
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 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, and for individuals served by the Medicare Part D Prescription Drug Program. Medco, the world's most advanced pharmacy(TM), is positioned to serve the unique needs of patients with chronic and complex conditions through its Medco Therapeutic Resource Centers(R); its diabetes pharmacy care practice, Liberty Medical; and its specialty pharmacy operation, Accredo Health Group, Inc. Medco is the highest-ranked independent pharmacy benefit manager on the 2007 Fortune 500 list. On the Net: http://www.medco.com.
This press release contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that may cause results to differ materially from those set forth in the statements. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. We undertake no obligation to publicly update any forward- looking statement, whether as a result of new information, future events, or otherwise. Forward-looking statements in this press release should be evaluated together with the risks and uncertainties that affect our business, particularly those mentioned in the Risk Factors section of the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission.
|SOURCE Medco Health Solutions, Inc.|
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