PLANO, Texas and ST. LOUIS, Aug. 31 /PRNewswire-FirstCall/ -- EDS and Express Scripts, one of America's largest pharmacy benefit managers, today announced an agreement that extends Express Scripts' relationship with EDS for an additional four years through 2010. The information technology (IT) infrastructure management agreement is designed to help Express Scripts focus on its next-generation initiatives by maximizing existing investments and continuing to improve its IT environment.
This agreement allows EDS to continue providing Express Scripts with computing power and information storage via mainframe hosting and storage management. EDS will also host Express Script's midrange servers and provide database administration support.
"EDS is playing a significant role in helping us lower costs for our clients and patients," said Pat McNamee for Express Scripts. "The flexibility and scalability that EDS solutions provide continue to support our growth. We found that EDS' deep industry knowledge enhanced the overall experience for our clients and patients, which is a primary objective for us."
The EDS solution is designed to maximize savings and mitigate risks by providing consistent processes and tools, services integration, and quality improvement to deliver the overall IT solution.
"Over the years, EDS has developed a solid understanding of Express Scripts' business and technical environment that is critical as we work together to architect the technology infrastructure that will support the company's future initiatives," said EDS U.S. Healthcare Industry Vice President Pat Costa. "This and other expertise allows us to deliver value and innovation while helping EDS' clients reduce costs, manage risk and improve service to build on their collective histories of market leadership."
Since 1999, EDS has provided Express Scripts with various IT services including mainframe and midrange hosting, communications networking and Web hosting. Express Scripts is also one of EDS' benefits providers.
EDS provides services to more than 250 healthcare clients in 20 countries and processes over 1 billion claims annually. EDS provides a broad range of IT outsourcing, consulting, critical technology and business process services to Payor, Provider, Government Health and Life Sciences organizations around the world.
About Express Scripts
Express Scripts, Inc. is one of the largest PBM companies in North America providing PBM services to over 50 million members through facilities in thirteen states and Canada. Express Scripts serves thousands of client groups, including managed care organizations, insurance carriers, third-party administrators, government-sponsored benefit plans, employers, and union-sponsored benefit plans.
Express Scripts provides integrated PBM services, including network pharmacy claims processing, mail pharmacy services, benefit design consultation, drug utilization review, formulary management, disease management, and medical and drug data analysis services. The Company also provides distribution services for specialty pharmaceuticals. Express Scripts is headquartered in St. Louis, Missouri. More information can be found at http://www.express-scripts.com , which includes expanded investor information and resources.
About EDS
EDS is a leading global technology services company delivering business solutions to its clients. EDS founded the information technology outsourcing industry more than 40 years ago. Today, EDS delivers a broad portfolio of information technology and business process outsourcing services to clients in the manufacturing, financial services, healthcare, communications, energy, transportation, and consumer and retail industries and to governments around the world. With $20.7 billion in 2004 revenue, EDS is ranked 95th on the Fortune 500. Learn more at http://www.eds.com .
The statements in this news release that are not historical statements, including statements regarding the amount of new contract values, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond EDS' control, which could cause actual results to differ materially from such statements. For information concerning these risks and uncertainties, see EDS' most recent Form 10-Q. EDS disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACTS: Kimberly Walton - EDS 972 605 0978 kimberly.walton@eds.com
Electronic Data Systems CorporationCONTACT: Kimberly Walton of Electronic Data Systems Corporation,+1-972-605-0978, or kimberly.walton@eds.com
