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Express Scripts Completes Spinoff of Rx Outreach
Date:10/5/2010

ST. LOUIS, Oct. 5 /PRNewswire/ -- Express Scripts (Nasdaq: ESRX) has completed the spinoff of its Rx Outreach business unit to create a new independent, nonprofit charitable organization with the mission of improving access to prescription medicines for low-income, uninsured Americans and working families.

Michael Holmes, former executive vice president of Express Scripts, leads the new national organization, which has its headquarters in St. Louis.

George Paz, chairman, president and chief executive officer of Express Scripts, said, "Rx Outreach has an important mission in assisting deserving Americans in obtaining better access to the safe and affordable drugs they need. I am pleased that Michael Holmes is heading this independent organization and confident that under his leadership it will perform a significant social good."

Rx Outreach's new structure as a nonprofit will enable public, charitable and private entities, including Express Scripts, to work together to bring appropriate drug therapies to those who have limited or no access today. The opportunity to develop expanded partnerships with branded and generic pharmaceutical manufacturers, community health centers, rural and frontier clinics, and faith-based charities will allow Rx Outreach the potential to offer a broader level of service.

Holmes noted the challenges ahead. "During tough economic times, the need for an organization like ours is especially acute, but we know that private resources are stretched thin," he said. "We applaud Express Scripts setting us on the road to independence, and we readily accept the challenge of building new partnerships and support for accomplishing our critical mission."

Express Scripts announced the spinoff in January and has supported Rx Outreach during the transition period.

About Express Scripts

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