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Medco and Celesio Announce Pan-European Joint Venture to Enhance Quality of Clinical Care and Reduce Overall Healthcare Costs
Date:6/21/2010

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"We will strive to earn a position as the trusted partners of healthcare payors, as they achieve a financially sustainable model for providing needed access to quality care.  We will serve to advocate for patients, who through our extended services will become empowered, educated and active participants in their care," said Snow.  "We will become a resource for medical practitioners, who are relieved from bureaucratic tasks and can focus on treating their patients using the latest evidence-based protocols.  We will help retail pharmacies by delivering advanced safety systems and consultative tools that will help them achieve higher patient compliance.  And we will support pharmaceutical manufacturers to demonstrate increasing value by reaching the most appropriate patient groups with the most effective medicines."

The joint venture is an important strategic step for both Celesio and Medco to speed entry into new markets with important new clinical services.  The legacy businesses of both parties, however, are not included as part of this joint venture.

"The healthcare markets provide innovative companies with immense growth-potential.  Medco's clinical solutions combined with Celesio's pan-European reach and healthcare expertise provide much needed solutions for some of the most pressing problems in the European healthcare systems," said Oesterle. "The joint venture's businesses integrate the competencies of both companies into innovative, efficient solutions for the benefit of patients and payors.  At the same time, it will also give new opportunities to the business of our existing customers as potential partners cooperating with the joint venture."

For more information about Medco Celesio B.V., including a replay of the press conference with Medco and Celesio leadership announcing the joint venture
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SOURCE Medco Health Solutions, Inc.
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