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Caremark Completes Acquisition Of AdvancePCS

This article was originally published in The Pink Sheet Daily

Executive Summary

Caremark's acquisition of AdvancePCS is complete, the pharmacy benefit management company said March 24

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The pharmacy benefit manager may consider expanding its presence in the specialty pharmacy arena or may look to add services it is not currently offering, CEO Mac Crawford says. Crawford could also make a "logical argument" for a retail chain/PBM combination.

Caremark Eyes Acquisitions; Not Interested In Big PBMs, Wholesalers

The pharmacy benefit manager may consider expanding its presence in the specialty pharmacy arena or may look to add services it is not currently offering, CEO Mac Crawford says. Crawford could also make a "logical argument" for a retail chain/PBM combination.

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Caremark expects to renew contracts with all six large AdvancePCS customers whose contracts include "change in control" provisions, Caremark said during an investor call July 29

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