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3000 Galleria Tower, Suite 1000 Birmingham, AL 35244 USA phone:(205) 733-8996 fax:(205) 733-9780
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| www.caremark.com/
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| Research Sector |
Biotech Specialty Pharma |
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| Summary Description |
| Caremark is a pharmaceutical company engaged in pharmacy benefit management services |
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| Description |
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Caremark Rx, Inc. is a pharmaceutical services company whose business is generally referred to as pharmacy benefit management services and involves the design and administration of programs aimed at reducing the costs and improving the safety, effectiveness and convenience of prescription drug use. The Company's operations are conducted primarily through Caremark Inc., its wholly owned, indirect subsidiary. |
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| Market / Customers |
Its customers are primarily sponsors of health benefit plans (employers, insurance companies, unions, government employee groups and managed care organizations) and individuals located throughout the United States. During 2002, the Company managed over 91 million prescriptions for individuals from over 1,200 organizations. The Company dispenses prescription drugs to customers through a network of more than 55,000 third-party retail pharmacies and through its own mail service pharmacies.
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