» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 127 | NO. 35 | Tuesday, February 21, 2012

Accredo Health Sees 2011 Record Growth

By Aisling Maki

Print | Front Page | Email this story | Email reporter | Comments ()

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.

Increases in manufacturer brand pricing, broader use of specialty products and the impact of recently introduced drugs contributed to that growth, according to the company. Product categories that experienced the highest levels of revenue growth include those related to multiple sclerosis, rheumatoid arthritis, oncology and hepatitis.

Accredo employs 5,000 individuals at more than 80 locations, with the largest pool – about 1,800 – based in Memphis.

Accredo’s parent company is New Jersey-based Medco Health Solutions Inc., which on Tuesday reported Q4 net revenues of nearly $19 billion, representing a 12.2 percent increase over Q4 2010. Medco’s full-year 2011 net revenues increased 6.2 percent over 2010 to a record $70.1 billion.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 92 388 9,204
MORTGAGES 119 513 12,365
FORECLOSURE NOTICES 0 98 2,526
BUILDING PERMITS 0 960 20,801
BANKRUPTCIES 77 338 7,964
BUSINESS LICENSES 14 91 3,315
UTILITY CONNECTIONS 180 695 11,718
MARRIAGE LICENSES 33 147 2,815

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.