Medco Health Solutions, Inc. was an American Pharmacy Benefits Management (PBM) company which served more than 65 million people, before it was ultimately acquired by Express Scripts, in April of which year?
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Medco Health Solutions Medco Health Solutions, Inc. was an American Pharmacy Benefits Management (PBM) company which served more than 65 million people, before it was ultimately acquired by Express Scripts in April 2012. Medco provided pharmacy services for private and public employers, health plans, labor unions, government agencies, and individuals served by Medicare Part D Prescription Drug Plans. Medco was a member of the S&P 500 and ranked number 34 on the 2011 Fortune 500 list, with 2011 revenues of more than $70 billion. It earned the No. 1 ranking in the Healthcare: Pharmacy and Other Services category on Fortune magazine’s World’s Most Admired Companies list for five consecutive years (2008-2012).
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Express Scripts Express Scripts Holding Company is an American Fortune 100 company. As of 2017, the company is the 22nd-largest in the United States as well as the largest pharmacy benefit management (PBM) organization in the United States. Express Scripts had 2016 revenues of $100.752 billion.
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Medi Script Medi Script was North America’s first instant credit system. Developed in 1965-67 by the West brothers in Vancouver, B.C., Canada, the system was designed to provide consumer credit at the retail store level, something that did not exist at that point in history.
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Blue Cross Blue Shield Association Blue Cross Blue Shield Association (BCBSA) is a federation of 36 separate United States health insurance organizations and companies, providing health insurance in the United States to more than 106 million people. Blue Cross was founded in 1929 and became the Blue Cross Association in 1960, while Blue Shield emerged in 1939 and the Blue Shield Association was created in 1948. The two organizations merged in 1982.
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Peoples Drug Peoples Drug was a chain of drugstores based in Alexandria, Virginia, a suburb of Washington, D.C. Founded in 1905, Peoples was subsequently purchased by Lane Drug in 1975, Imasco in 1984, and finally by CVS in 1990, which continued to run the stores under the Peoples banner until 1994, at which time the stores were converted to CVS, marking the end of the use of the Peoples Drug name.
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FlexWage Solutions FlexWage Solutions is a Mountainside, New Jersey, USA-based company that provides financial services. Its primary product is WageBank, which gives employees access to their earned wages prior to their next payday via a debit card. The WageBank product is considered an alternative to payday loans. FlexWage is an SSAE-16- (formerly SAS 70) audited company founded by Frank Dombroski and John Lockhart. According to academic Kimberly R. Manturuk, FlexWage is one of the new consumer credit product with reasonable terms and conditions.
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Animas Corporation Animas Corporation is an American company that specializes in making insulin pumps, used by people with diabetes. The company was founded by Dr. Katherine Crothall in 1996, had its initial public offering in May 2004 under the ticker symbol 'PUMP', and was ultimately acquired by Johnson & Johnson on February 18, 2006. The business is headquartered in West Chester, Pennsylvania and forms part of the Johnson & Johnson Diabetes franchise along with Lifescan and several other companies producing medical products for the treatment and management of diabetes.
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Emlin Emlin Cosmetics is a privately held company based in Bensenville, Illinois and has been in business for over fifty years manufacturing customized soap and bath amenity products for the most exclusive hotel chains. Their products are formulated with natural botanicals, rich emollients, and their retail lines have been carried in upscale stores such as Saks Fifth Avenue and Neiman Marcus. For over twenty-five years, they were the exclusive provider of bath care products for the Hyatt hotels domestically as well as many properties internationally. Additionally, for over fifteen years, they provided an exclusive amenity line for the Princess Cruises and Medline Industries. Their client list of clubs include numerous American Airlines Admirals clubs, the prestigious Standard Club, and the East Bank Club of Chicago, as well as many country clubs. Most recently, Emlin has been selected by both United Airlines and J.P. Morgan Chase Bank to be the only cosmetic line featured in their respective employee discount programs.
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Blockbuster LLC Blockbuster LLC (formerly Blockbuster Entertainment, Inc., also known as Blockbuster Video or just Blockbuster) was an American-based provider of home movie and video game rental services through video rental shops, DVD-by-mail, streaming, video on demand, and cinema theater. Blockbuster became internationally known throughout the 1990s. At its peak in 2004, Blockbuster employed 84,300 people worldwide, including about 58,500 in the United States and about 25,800 in other countries, and had 9,094 stores.
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Vicks Vicks is an American brand of over-the-counter medications owned by the American company Procter & Gamble. Vicks manufactures NyQuil and its morning sister medication, DayQuil. The Vicks brand also produces Formula 44 cough medicines, cough drops, Vicks VapoRub, and a number of inhaled breathing treatments. For much of its history, Vicks products were manufactured by the family-owned company Richardson-Vicks, Inc., based in Greensboro, North Carolina. Richardson-Vicks, Inc., was eventually sold to Procter & Gamble in 1985.
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Sysco Sysco Corporation is an American multinational corporation involved in marketing and distributing food products to restaurants, healthcare and educational facilities, hotels and inns, and other foodservice and hospitality businesses. The company is headquartered in the Energy Corridor district of Houston, Texas.
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Taco Bell Taco Bell is an American chain of fast-food restaurants based in Irvine, California. A subsidiary of Yum! Brands, Inc., they serve a variety of Tex-Mex foods, including tacos, burritos, quesadillas, nachos, other specialty items, and a variety of "value menu" items. Taco Bell serves more than 2 billion customers each year at 7,000 restaurants, more than 80 percent of which are owned and operated by independent franchisees and licensees.
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Medical Mutual of Ohio Medical Mutual of Ohio (MMOH) is an American mutual health insurance company. It is the oldest and largest health insurance company based in Cleveland, Ohio, and serves more than 1.6 million customers. Employing 2,500 people, Medical Mutual is one of the biggest employers in downtown Cleveland.
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Lockheed Martin Lockheed Martin () is an American global aerospace, defense, security and advanced technologies company with worldwide interests. It was formed by the merger of Lockheed Corporation with Martin Marietta in March 1995. It is headquartered in Bethesda, Maryland, in the Washington, DC, area. Lockheed Martin employs 97,000 people worldwide. Marillyn Hewson is the current President and Chief Executive Officer.
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Wise Solutions Wise Solutions, Inc. was an American company that made software tools for creating application installers. Their primary product, Wise was one of the most widely used installation packages for Windows. Their main competitor was InstallShield by Flexera Software. Wise Solutions was acquired and became a wholly owned subsidiary of Altiris, Inc. in December 2003. In April 2007, Altiris was acquired by Symantec Corporation.
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Cigna Cigna is an American worldwide health services organization. Its insurance subsidiaries are major providers of medical, dental, disability, life and accident insurance and related products and services, the majority of which are offered through employers and other groups (e.g. governmental and non-governmental organizations, unions and associations). Cigna also offers Medicare and Medicaid products and health, life and accident insurance coverages primarily to individuals in the U.S. and selected international markets. In addition to its ongoing operations described above, Cigna also has certain run-off operations, including a Run-off Reinsurance segment. In the Phoenix metropolitan area, Cigna runs a full-service staff-model HMO (health maintenance organization) with satellite clinics throughout the region, known as the Cigna Medical Group.
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Health Insurance Innovations Health Insurance Innovations is a developer of web-based individual health insurance plans and ancillary products listed on NASDAQ. HII was founded in 2008 by Michael W. Kosloske, and is headquartered in Tampa, Florida. The company uses a cloud-based platform which enables licensed agents to enroll consumers in a variety of insurance products and lifestyle benefits provided by carrier partners. The health insurance products are sold by licensed insurance agents and underwritten by insurance carrier companies.
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Railway Express Agency The Railway Express Agency ("REA") was a national monopoly set up by the United States federal government in 1917. Rail express services provided small package and parcel transportation using the extant railroad infrastructure much as UPS functions today using the road system. The United States government was concerned about the rapid, safe movement of parcels, money, and goods during World War I and REA was its solution to this problem. REA ceased operations in 1975, when its business model ceased to be viable.
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PayScale PayScale, Inc. or payscale.com is an online salary, benefits and compensation information company, which launched its service on January 1, 2002. It was founded by Joe Giordano, a former Microsoft and drugstore.com manager, and John Gaffney. On April 24, 2014 Warburg Pincus acquired PayScale in a deal worth up to $100m.
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Paramount Parks Paramount Parks was an operator of theme parks and attractions, which annually attracted about 13 million patrons. Viacom had assumed control of the company as part of its acquisition of Paramount Pictures in 1994.
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Medicare Part D Medicare Part D, also called the Medicare prescription drug benefit, is a United States federal-government program to subsidize the costs of prescription drugs and prescription drug insurance premiums for Medicare beneficiaries. It was enacted as part of the Medicare Modernization Act of 2003 (which also made changes to the public Part C Medicare health plan program) and went into effect on January 1, 2006.
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Accredo Accredo is a specialty pharmaceutical and service provider for patients with complex and chronic health conditions. Accredo provides specialty drugs, drugs that cost more than $600 per month, with the average being $10,000 a month, which treat serious conditions such as multiple sclerosis, rheumatoid arthritis, hemophilia and cancer. It is a wholly owned subsidiary of Express Scripts and is headquartered in Memphis.