Pharmacy Benefits Management companies (PBMs) news from FierceHealthcare

In 2007, pharmacy operator CVS merged with pharmacy benefit manager Caremark, a $27 billion deal that seemed poised to change the dynamics of the PBM business. Two years later, however, questions are... Read more...

If reform passes, or even if the sentiments around reform remain in the air, pharmacy-benefit managers may take something of a financial beating in coming months, according to an analysis in The Wall... Read more...

Express Scripts has signed $4.7 billion agreement to acquire WellPoint's NextRx pharmacy benefit manager, which manages more than 265 million prescriptions and provides services to 25 million people.... Read more...

Pharmacy benefit manager (PBM) Express Scripts now offers a new service designed to help employees enrolled in company health plans to stick to medication regimes that treat chronic conditions. The... Read more...

A few weeks ago we told you that the cost of diabetes care had skyrocketed in recent years. Now pharmaceutical benefits manager CVS Caremark is accused of doing their part to make the trend worse.... Read more...

Last week, Express Scripts broke the news that someone was threatening to extort them for an undisclosed amount. The extortionist said that if Express Scripts didn't pay up, they would release... Read more...

Recently, the industry has seen a string of cases in which pharmacy benefit managers have agreed to fork over settlements over allegations of bad behavior. Most recently, this includes the instance... Read more...

In the newest attack in the increasingly ugly battle for control of Caremark Rx, rival PBM Express Scripts--currently the spurned suitor--called a dividend offer from drugstore chain CVS a "desperate attempt to save a flawed transaction.". Following yesterday's offer by Express Scripts to take over Caremark, valued at $24.8 billion to $25 billion, depending on whose numbers you believe, CVS sweetened its bid by offering a special cash dividend of $2 per share to Caremark shareholders, …

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Express Scripts is moving ahead with its $25 billion plan to take over rival PBM  Caremark Rx, announcing Tuesday that it has begun offering cash and shares to Caremark shareholders, despite being rebuffed by the Caremark board last week. That move follows a lawsuit by a large institutional investor that charges Caremark insiders with putting personal enrichment ahead of shareholder value. In a suit filed last month but not reported until Friday, the Louisiana Municipal Police …

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Prosecutors in Manhattan have launched a criminal investigation into stock-option grants to senior executives at UnitedHealth. The Minnetonka, Minnesota-based health insurer also said the IRS has asked for access to documents, suggesting that an investigation into tax issues may be a possibility. For weeks, the consensus has been that it is unlikely that CEO William McGuire will resign as a result of the affair. Criminal charges could change things in the blink of an eye. UnitedHealth …

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