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Medco to Build World's Largest, Most Advanced Automated Pharmacy in Central Indiana
Date:11/12/2007

help us serve our clients and members nationwide with the highest quality pharmacy care at the lowest cost."

The state's business-friendly environment, modern transportation infrastructure, skilled labor pool and proximity to several schools of pharmacy including Butler University and Purdue University were other notable factors in the site selection process. Its centralized location will also expedite getting prescription medications to the patients served by Medco nationwide in a more cost-effective manner, which can further savings for our customers, Klepper added.

Indiana Gains Investment

"In terms of economic impact, this is right there with Honda and the other big blockbusters Indiana has captured in recent years, but Medco's decision to come here is more than that. It's a huge leap in the diversification of the Indiana economy, widening the range of opportunity for our young people. Finally, Medco is the world leader in its field, and the Indiana we are building intends to be known for leadership," said Daniels.

Medco intends to provide competitive salaries and a comprehensive employee benefit package for a wide range of positions, including electrical and mechanical technicians, managers, warehouse specialists and more than 100 pharmacists, among other types of jobs. Hiring is expected to begin in the second quarter of 2008, with the majority of the hiring expected in 2010 and 2011.

The Indiana Economic Development Corporation offered Medco up to $18.25 million in performance-based tax credits and up to $450,000 in training grants based on the company's job creation plans. The Indy Partnership, Central Indiana's local economic development organization, and BioCrossroads, Indiana's initiative to grow the life sciences, partnered with the Indiana Economic Development Corporation to coordinate Indiana's pursuit of the Medco investment. The Indiana Economic Development Corporation and the Indy Partnership will work with the selecte
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SOURCE Medco Health Solutions, Inc.
Copyright©2007 PR Newswire.
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