FRANKLIN LAKES, N.J., March 8 /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 World's Most Admired Companies List for the third consecutive year. Medco ranked highest in five categories within that sector: innovation, use of corporate assets, quality of management, financial soundness, and quality of products/services.
According to the Fortune survey, Medco also received the following additional honors: No. 2 in the "Health Care: Pharmacy and Other Services" category for people management, long term investment and global competitiveness; and among the most admired companies in New Jersey.
Fortune, in partnership with the Hay Group, surveyed more than 667 companies across 55 industry sectors worldwide. To establish the rankings, executives, directors, and securities analysts were asked to rate companies in their own industry on nine criteria, from investment value to social responsibility. Results are featured in the March 22 issue of Fortune magazine.
"We are honored to be ranked the highest of our industry peers," said Medco Chairman and CEO David B. Snow, Jr. "That ranking validates our commitment to leveraging the power of advanced pharmacy to provide clinical excellence for our members and drive down total healthcare costs for our valued clients."
Medco Health Solutions, Inc. (NYSE: MHS) is pioneering the world's most advanced pharmacy® and its clinical research and innovations are part of Medco making medicine smarter™ for approximately 65 million members.
With more than 20,000 employees dedicated to improving patient health and reducing costs for a wide range of public and private sector clients, and 2009 revenue of nearly $60 billion, Medco ranks 45th on the Fortune 500 list and is named among the world's most innovative, most admired and most trustworthy companies.
For more information, go to http://www.medcohealth.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.
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