CVS Health Corporation engages in the provision of health care services. The company operates through the following segments: Pharmacy Services, Retail Care, and Corporate. The Pharmacy Services segment offers pharmacy benefit management solutions which underpins the crux of our investment in the company. We previously owned CVS Health when it was known as CVS Caremark. … Read more
Back in late October, drug distributor McKesson Corporation drastically reduced next year’s revenue and profit guidance. The market reaction to McKesson’s surprise announcement was both swift and brutal–the shares dropped over 20% on the day of the announcement. Unfortunately, the McKesson news spilled over to Express Scripts that day to some degree. We were not … Read more
Express Scripts is the dominant pharmacy benefit manager (PBM) and sits in the middle of the healthcare supply chain of companies that delivers pharmaceuticals to consumers. Express Scripts critical within pharmaceutical supply chain creates significant competitive advantages for the company. Express Scripts’ core pharmacy benefit manager service assists pharmaceutical benefit payers with the fulfillment of member prescriptions. This entails … Read more
Shares of Express Scripts fell 7% yesterday after releasing quarterly financial results — the company projected second-quarter per-share earnings below expectations. For the year, the company lowered its per-share earnings estimate range to $4.82 to $4.94, from its previous estimate for per-share profit of $4.88 to $5. The company said the adjustment mostly reflects a reduced projection for adjusted … Read more
Express Scripts Holding Company provides healthcare management and administration services on behalf of its clients, which include health maintenance organizations (HMOs), health insurers, third-party administrators, employers, union-sponsored benefit plans, workers compensation plans, and government health programs. The Company operates in two segments: Pharmacy Benefit Management (PBM) and Emerging Markets (EM). Through its mail-order pharmacy and … Read more