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Caremark Rx, Inc.

 

CMX

Caremark Rx, Inc. is a pharmaceutical services company that conducts its operations primarily through Caremark Inc. and CaremarkPCS subsidiaries. Caremark Rx's pharmaceutical services are referred to as pharmacy benefit management services and involve the design and administration of programs aimed at reducing the costs and improving the safety, effectiveness and convenience of prescription drug use. Caremark's customers are primarily sponsors of health benefit plans (employers, unions, government employee groups, insurance companies and managed care organizations) and individuals located throughout the U.S. During the year ended December 2004, Caremark Rx managed over 484 million prescriptions for individuals from over 2,000 organizations. Caremark Rx acquired AdvancePCS in March 2004.

 

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