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Editorial Results (free)

1. Report: Exchanges Yield More Specialty Drug Claims -

Patients from the health care overhaul's new insurance exchanges have been more likely to use expensive specialty drugs for chronic conditions, according to data from the nation's largest pharmacy benefits manager.

2. Slow and Steady -

The local office market saw little change in the third quarter, and brokers say the fourth quarter will likely yield similar results.

Memphis’ vacancy rate ended the quarter in the mid-14 percent range, the same levels as 2008, according to Colliers International Memphis’ Q3 office report. Vacancy during that period in 2007 was below 12 percent.

3. Green Line Marketing Adds Team Members -

Green Line Marketing has hired Rachel Carpenter as the agency’s chief operating officer and Lindsey Graeber as an account manager.

4. Walgreen, Express Scripts Sign New Agreement -

The Walgreen pharmacy chain will begin filling prescriptions from customers in the Express Scripts network again starting in September under a new multiyear contract that ends a costly impasse between the companies.

5. Express Scripts Stock Rises After Q1 Growth Report -

Shares of Express Scripts are climbing after the pharmacy benefits manger reported prescription growth in its first quarter since splitting with drugstore chain Walgreen.

Express Scripts says adjusted prescriptions totaled nearly 193 million in its first quarter, up 3.6 percent compared to last year. That figure treats 90-day mail-order prescriptions as three regular, 30-day prescriptions.

6. Express Scripts' $29.1B Deal for Medco Closes -

NEW YORK (AP) – Express Scripts Inc. said Monday that it completed its $29.1 billion acquisition of Medco Health Solutions Inc., creating the largest pharmacy benefits manager in the country by far.

7. Express Scripts May Close Medco Deal Next Week -

Pharmacy benefits manager Express Scripts says it may close its $29.1 billion acquisition of Medco Health Solutions as soon as next week.

The St. Louis company had said recently it expected to close the deal early in the second quarter. Shareholders from both companies have already approved the acquisition, but the Federal Trade Commission is still reviewing it.

8. Express Scripts Moves Past Split With Walgreen -

Express Scripts Inc. says it is doing fine after breaking up with pharmacy operator Walgreen Co., but it won't rule out getting back together with the largest U.S. drugstore chain.

9. Accredo Health Sees 2011 Record Growth -

Memphis-based Accredo Health Group, a provider of specialty pharmaceuticals, continued its record growth in fourth quarter 2011, with revenue growth of 28.3 percent to $3.8 billion. Accredo’s full-year 2011 revenues increased 18.5 percent to a record $13.4 billion.

10. Accredo Health Sees 2011 Record Growth -

Memphis-based Accredo Health Group, a provider of specialty pharmaceuticals, continued its record growth in fourth quarter 2011, with revenue growth of 28.3 percent to $3.8 billion. Accredo’s full-year 2011 revenues increased 18.5 percent to a record $13.4 billion.

11. Walgreen Expects to Lose Most Express Scripts Biz -

Drugstore operator Walgreen Co. said Thursday it expects to lose almost 90 percent of prescriptions handled by pharmacy benefits manager Express Scripts Inc. after it leaves Express Scripts' networks on Jan. 1.

12. Accredo Parent Co. Merger Approved -

Shareholders of Medco Health Solutions Inc., parent company of Memphis-based Accredo Health Group Inc., on Wednesday, Dec. 21, approved a proposed $29.1 billion merger with Express Scripts.

13. Walgreen Q1 Profit Drops on Express Scripts Fight -

NEW YORK (AP) – Drugstore operator Walgreen Co.'s fiscal first-quarter earnings fell more than 4 percent due in part to a slow flu season and its decision to leave the Express Scripts Inc. pharmacy network next month.

14. Medco Shareholders OK $29B Express Scripts Deal -

FRANKLIN LAKES, N.J. (AP) – Pharmacy benefits manager Medco Health Solutions Inc., the parent company of Memphis-based Accredo Health Group Inc., says its shareholders have approved the company's proposed acquisition by Express Scripts for $29.1 billion.

15. Express Scripts, Medco Pare Lobbying in Q3 -

NEW YORK (AP) – Pharmacy benefits managers Medco Health Solutions Inc. and Express Scripts Inc. lobbied the government to approve their proposed $29.1 billion merger, but cut back on their total lobbying expenses in the third quarter.

16. Report: 1 in 5 US Adults on Behavioral Meds -

NEW YORK (AP) – More than 20 percent of American adults took at least one drug for conditions like anxiety and depression in 2010, according to an analysis of prescription data, including more than one in four women.

17. Express Scripts Notes Receive Investment Grades -

Pharmacy benefits manager Express Scripts Inc. received investment-grade ratings from three firms on up to $10 billion in senior notes it plans to issue to help pay for its $29.1 billion acquisition of Medco Health Solutions Inc.

18. CVS Caremark Q3 Profit Rises 7 Percent -

WOONSOCKET, R.I. (AP) – CVS Caremark Corp.'s third-quarter earnings climbed 7 percent, as a long-term contract and acquisition boosted the pharmacy network claims it processed.

19. Memphis-Based Accredo Continues Record Growth -

Accredo Health Group, a Memphis-based provider of specialty pharmaceuticals,

continues on a path of record growth that’s lasted nearly three years, with third quarter revenues growing 16.7 percent to a record $3.4 billion and Q3 2011 operating income growing 33 percent to a record $148.6 million.

20. Senate Plans Express Scripts-Medco Hearing -

NEW YORK (AP) – A Senate antitrust subcommittee plans to hold a hearing on the proposed combination of pharmacy benefits managers Express Scripts Inc. and Medco Health Solutions Inc. It would be the second committee to look into the $29.1 billion deal.

21. Express Scripts Cuts Profit and Prescription Views -

ST. LOUIS (AP) – Express Scripts Inc. cut its annual profit forecast Thursday, saying fewer people are seeing doctors and filling prescriptions while the economy remains stagnant. The pharmacy benefits manager also said its planned purchase of Medco Health Solutions Inc. and a contract dispute with Walgreen are increasing its costs.

22. Medco, Express Scripts Pare Combined Q2 Lobbying -

NEW YORK (AP) – Pharmacy benefits managers Medco Health Solutions Inc. and Express Scripts Inc., which have agreed to combine, trimmed their lobbying costs to $940,000 in the second quarter.

23. Walgreen Says Express Scripts Talks are Stalled -

NEW YORK (AP) – Drugstore chain Walgreen Co. reiterated Tuesday that it plans to stop filling prescriptions managed by Express Scripts Inc. on Jan. 1, saying contract renewal negotiations between the companies are stalled.

24. CVS Caremark Q2 Profit Slips 1 Percent -

NEW YORK (AP) – CVS Caremark said Thursday its profit slipped 1 percent in the second quarter as its pharmacy benefits management business weathered lower prices on contract renewals.

The Woonsocket, R.I., company said Caremark faced lower prices related to contract renewals. The most significant of those was its retail pharmacy contract with the Federal Employee Health Benefit Program, which the company renewed in the third quarter of 2010. While those renewals cut into its profit, total revenue for CVS Caremark rose 10.9 percent to $14.57 billion as the company began a new 12-year contract with Aetna Inc. and acquired Universal American Corp.'s Medicare Part D business.

25. Drug Prices to Plummet in Wave of Expiring Patents -

The cost of prescription medicines used by millions of people every day is about to plummet.

The next 14 months will bring generic versions of seven of the world's 20 best-selling drugs, including the top two: cholesterol fighter Lipitor and blood thinner Plavix.

26. Accredo Health Parent Merges With Express Scripts -

Medco Health Solutions Inc., the parent company of Memphis-based Accredo Health Group, announced Thursday, July 21, it had signed a merger agreement with Express Scripts Inc.

27. Moody's Compares PBMs, Backs CVS Caremark -

NEW YORK (AP) – Moody's Investor's Service maintained a positive view of the largest U.S. pharmacy benefits managers Tuesday, saying it has the highest opinion of CVS Caremark Corp.

28. Accredo Parent Company Loses $3B Contract to CVS -

Medco Health Solutions Inc. said that after this year, it will lose a contract that brought it about $3 billion in annual revenue.

29. Accredo Weathers Storms To Ensure Specialty Drugs’ Safety -

Like other businesses and homes in Shelby County, Accredo Health Group’s facility at 1640 Century Cove Parkway lost power briefly over the weekend when powerful storms ripped through the area.

30. Accredo Names New President, Sees Record Revenues -

As Memphis-based Accredo Health Group Thursday reported its revenues in the first quarter of 2011 grew 14.9 percent to a record $3.1 billion, the company also announced Frank Sheehy would be replacing Steve Fitzpatrick as its president.

31. Stevens Replaces Henley as Wright President, CEO -

Wright Medical Group Inc. announced Tuesday its board has appointed Chairman David D. Stevens as interim president and CEO, effective immediately.

32. Stevens Replaces Henley as Wright Medical President, CEO -

Wright Medical Group Inc. announced Tuesday that its board of directors has appointed Chairman David D. Stevens as interim president and chief executive officer, effective immediately.

33. Accredo Named Sole U.S. Provider of Carbaglu -

Memphis-based Accredo Health Group, a provider of specialty pharmaceuticals, has been selected by pharmaceutical company Orphan Europe to serve as the sole U.S. provider of Carbaglu, the first FDA-approved product to treat hyperammonemia resulting from a rare inherited metabolic disorder.

34. Walgreen Selling Pharmacy Benefits Ops for $525M -

NEW YORK (AP) – Walgreen Co. said Wednesday it is leaving the pharmacy benefits management business, selling that operation to Catalyst Health Solutions Inc. for $525 million in cash and freeing it to focus on its drugstore network, the largest in the United States.

35. Accredo Again Sets Quarterly Sales Record -

Memphis-based Accredo Health Group ended the fourth quarter and its fiscal year with sizable gains, continuing a record-breaking earnings streak that has lasted more than two years. The provider of specialty pharmaceuticals bested its revenue from the prior quarter by 31.3 percent to a record of nearly $3 billion.

36. Accredo Revenue Reaches Record High, Parent Co. Medco Reports 11 Pct. Profit Increase -

NEW YORK (AP) — Medco Health Solutions Inc., the country's largest pharmacy benefits manager, said Tuesday its fourth-quarter profit rose 11 percent, reflecting an increase in mail-order prescriptions and its expanded service business.

37. Report: Medicare Drug Program Vulnerable to Fraud -

MIAMI (AP) – Crooks are taking advantage of lax oversight in Medicare's Part D prescription drug program to obtain highly addictive drugs including oxycodone, Ritalin, and methadone, according to results of a federal probe.

38. Accredo Continues Record-Setting Streak -

The record-breaking streak for Accredo Health Group kept rolling during the third quarter as the Memphis-based company made $2.9 billion in revenue.

The provider of specialty pharmaceuticals bested its revenue from the prior quarter by $64 million and for the same period a year ago by $477 million. Revenue rose 20 percent from the third quarter of 2009.

39. Accredo Continues Record-Setting Streak -

The record-breaking streak for Accredo Health Group kept rolling during the third quarter as the Memphis-based company made $2.9 billion in revenue.

The provider of specialty pharmaceuticals bested its revenue from the prior quarter by $64 million and for the same period a year ago by $477 million. Revenue rose 20 percent from the third quarter of 2009.

40. Accredo Again Breaks Earnings Record -

Accredo Health Group’s revenues hit $2.8 billion during the second quarter as the Memphis-based provider of specialty pharmaceuticals hit another sales record.

The sales figures were released Thursday morning when Accredo’s parent company, Medco Health Solutions Inc., issued its earnings report.

41. Accredo Again Breaks Earnings Record -

Accredo Health Group’s revenues hit $2.8 billion during the second quarter as the Memphis-based provider of specialty pharmaceuticals hit another sales record.

The sales figures were released Thursday morning when Accredo’s parent company, Medco Health Solutions Inc., issued its earnings report.

42. Accredo Revenues Hit $2.7 Billion -

The revenues of Accredo Health Group Inc. reached $2.7 billion during the first quarter of this year, setting another record for the Memphis-based company.

43. Accredo posts another record quarter with $2.7 billion in revenue -

The revenues of Accredo Health Group Inc. reached $2.7 billion during the first quarter of this year, setting another record for the Memphis-based company.

44. Accredo Health Reports $9.5 Billion in Revenue -

With another record-setting year of revenues, Accredo Health Group Inc. is closing in on the $10 billion mark.

45. CVS Caremark Q3 Profit Up But Loses Big Contracts -

NEW YORK (AP) - CVS Caremark disclosed more multibillion dollar contract losses in its pharmacy benefits management business and said the head of the unit will depart.

CEO Tom Ryan said CVS, which also runs the nation's second-biggest drug store chain, won't reach its goals in 2010 because of the sharp reversal of fortunes at the Caremark unit, which administers drug benefits for employers. CVS shares plunged 20 percent.

46. Accredo Sees Record $2.4 Billion Q3 Revenues -

Revenues for Memphis-based Accredo Health Group reached a record $2.4 billion for the third quarter, a 19.2 percent increase from the same period a year ago.

The figures were reported Tuesday morning when Accredo’s parent company, Medco Health Solutions Inc., released its earnings. Medco reported third-quarter net revenues of $14.8 billion, an increase of 17.8 percent from the same period a year ago. David B. Snow Jr., the chief executive officer of Medco, noted the company had been awarded $20 billion in new business since last year.

47. Employee Program Renews Agreement with Medco -

Medco Health Solutions Inc., the parent company of Memphis-based Accredo Health Group Inc., said Monday the Federal Employee Program has awarded a one-year extension of its three-year contract to provide mail service and specialty prescription drugs.

48. Accredo Reaffirms Local Presence With HQ Lease -

Accredo Health Group Inc., a homegrown specialty pharmacy company that is a division of New Jersey-based Medco Health Solutions Inc., has renewed its commitment to Memphis with a 10-year extension of its lease.

49. Plan Providers Lament Cost of Unhealthy Choices -

A survey commissioned by Medco Health Solutions Inc., the parent of Memphis-based Accredo Health Group Inc., showed that 90 percent of health plan sponsors believe minimal attention to personal health and increased incidence of chronic illness, such as diabetes and heart disease, are the root of rising health care costs.

50. Medco Signs Contract For UK Pharm Service -

Medco Health Solutions Inc., the parent company of Memphis-based Accredo Health Group Inc., announced Thursday it has entered into a joint venture to provide home-based pharmacy care service in the United Kingdom for patients covered by that nation’s national health care plan. This plan, the National Health Service, provides health care for more than 95 percent of the United Kingdom’s 60 million residents.

51. Accredo Hits Record With Quarterly Revenue of $2.38B -

Accredo Health Group Inc. set another record with quarterly revenue of $2.38 billion and maximized the impact of that benchmark by improving its operating income by 30.5 percent.

52. US Prescription Drug Use Fell in 2008, Study Says -

NEW YORK (AP) - Prescription drug use in the U.S. fell last year, although total spending on drugs increased as prices rose sharply on brand-name products, pharmacy benefits manager Medco Health Solutions said Wednesday.

53. Accredo Income Surges in Q1 -

Memphis-based Accredo Health Group Inc. saw a 43.3 percent increase in operating income as the company posted revenues of $2.3 billion during the first quarter of this year.

54. Medco CEO Calls for IT Reform -

David B. Snow Jr., the chairman and chief executive officer of Medco Health Solutions Inc., in a speech this week said real health care reform will be difficult, if not impossible, with the transparency of a wired system.

55. Accredo Earnings Hit Record $8 Billion -

Memphis-based Accredo Health Group Inc., a pharmacy benefit manager for people who need specialty drugs, reached $8 billion in revenues last year, a company record.

56. Medco Subsidiary Focus Of Whistleblower Complaint -

Medco Health Solutions Inc. has disclosed it has received a federal subpoena related to a whistleblower complaint filed against PolyMedica Corp., which Medco acquired in the fourth quarter of 2007.

57. Fitzpatrick Sees New Promises for Accredo -

Memphis-based Accredo Health Group Inc., a pharmacy benefit manager for people who need specialty drugs, could benefit from initiatives for universal health care, but the man at the company’s helm isn’t putting all his focus on landing a mother lode contract with the government.

58. Medco Health Solutions Spent $434,097 Lobbying -

Pharmacy benefits manager Medco Health Solutions Inc. spent $434,097 in the third quarter lobbying on legislation involving generic drugs, Internet prescribing and Medicare Part D, according to a recent disclosure form.

59. Medco Health Q3 Profit Rises 38 Percent -

Pharmacy benefits manager Medco Health Solutions Inc., owner of Memphis-based Accredo Health Group, reported Wednesday its third-quarter profit rose 38 percent on higher prices for brand name drugs and new clients, topping Wall Street forecasts.

60. Accredo CompletesPediatric Services Deal - Memphis-based Accredo Health Inc., a wholly owned subsidiary of Medco Health Solutions Inc., has closed on its $72 million acquisition of selected assets of Pediatric Services of America Inc. The transaction was finalized after meeting regulatory app

61. Accredo to AcquirePharmacy Business - Memphis-based Accredo Health Inc., a wholly owned subsidiary of Medco Health Solutions Inc., has agreed to acquire selected assets of Pediatric Services of America Inc.'s specialty pharmacy business for about $72 million in cash. The transaction is s

62. Medco Completes Accredo Acquisition - New Jersey-based Medco Health Solutions Inc. closed on its $2.3 billion acquisition of Memphis-based Accredo Health Inc. Thursday, creating the nation's largest specialty/biotech pharmacy operation. The deal, approved by shareholders earlier last wee

63. Accredo ShareholdersApprove Medco Merger - Shareholders of Memphis-based Accredo Health Inc. have approved a proposed merger with Medco Health Solutions Inc. The deal is expected to close Aug. 18. The merger will create the nation's largest specialty pharmacy business, generating more than $4

64. Archived Article: Daily Digest - Cordova Apartments

Cordova Apartments

Sell for $26.9 Million

An ownership group of 22 co-opted entities has purchased Appling Lakes Apartments, located near Cordova Road, from Metropolitan Life Insurance Co. for $26.9 million, according to ...

65. Archived Article: Daily Digest - Silver Creek Apartments

Silver Creek Apartments

Sell for $5.1 Million

Sentinel Real Estate Corp. has sold Silver Creek Apartments for $5.1 million, or $33,550 per unit. CB Richard Ellis Multifamily Division represented the purchaser, a priv...