FRANKLIN LAKES, N.J., July 21 /PRNewswire-FirstCall/ -- Weeks away from marking its first anniversary as a public company, Medco Health Solutions, Inc. , one of the nation’s leading pharmacy benefit managers, made its inaugural appearance on the 2004 Fortune Global 500 List of the World’s Largest Corporations, based on corporate revenues reported in 2003 financial statements.
Medco, which was spun off as an independent company last August and recorded 2003 revenues of $34.3 billion, debuted at No. 117 on the Fortune Global 500 list, and No. 1 in the Global Health Care sector list, according to information published in the magazine’s July 26 editions, and available at http://www.fortune.com/. Medco was one of three companies worldwide -- and the only American firm -- to debut in the top 150.
“This recognition places our company in great company - among the largest and most prestigious corporations in the world,” said David B. Snow Jr., chairman, president and CEO, Medco. “The listing as the No. 1 Health Care company in the Global 500 reflects our leadership in providing affordable and quality prescription health care for the customers and members we serve - something Medco people view as both our commitment and responsibility.”
Medco began trading on the New York Stock Exchange on Aug. 20, 2003 following a 100 percent spin-off from Merck & Co., Inc. - the largest domestic spin-off in more than three years.
In the Fortune 500 listing of U.S. companies, released earlier this year, Medco made its debut at No. 41.
About Medco
Medco Health Solutions, Inc., a leading pharmacy benefit manager with the nation’s largest mail order pharmacy operations, assists its customers to moderate the cost and enhance the quality of prescription drug benefits provided to members nationwide. Its customers include private- and public- sector employers and healthcare organizations. Medco is traded on the New York Stock Exchange under the symbol MHS. On the Net: http://www.medco.com/.
This press release contains “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that may cause results to differ materially from those set forth in the statements. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. We undertake no obligation to publicly update any forward- looking statement, whether as a result of new information, future events, or otherwise. Forward-looking statements in this presentation should be evaluated together with the risks and uncertainties that affect our business, particularly those mentioned in the Risk Factors section of the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission.
Medco Health Solutions, Inc.
CONTACT: Jeff Simek, Medco Health Solutions, +1-201-269-6400,jeffrey_simek@medco.com; or Tim Schramm or Kevin Lamb, Coyne Public Relations,+1-973-316-1665, for Medco Health Solutions
Web site: http://www.fortune.com/
Web site: http://www.medco.com/
