Medco Health Solutions, Inc. (NYSE:MHS) is a health care company that provides clinically driven pharmacy services for approximately 60 million Americans. The company focuses on various segments of the healthcare industry. It engages in the management and dispensing of prescription medications through its mail-order pharmacies and its network of retail pharmacies… Medco Health Solutions Inc. trades on the “New York Stock Exchange” under the Stock Symbol”MHS”. For the Latest information regarding “MHS”, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Medco Health Solutions Inc.(NYSE:MHS) announces on Tuesday that its profits elevated 24 percent for their fourth quarter revenue due to higher prices for brand-name drugs along with the increase in new clients.
Medco’s earnings beat analyst’s expectations and Medco confirmed their earnings outlook for 2010. The Company, which is based out of Franklin Lakes, N.J, said profits increased to $341.5 million, or 70 cents per share, in the three months ended Dec. 26, up from $274.4 million, or 54 cents per share, a year ago.
About Medco Health Solutions Inc:
Medco Health Solutions, Inc. is a health care company that provides clinically driven pharmacy services for approximately 60 million Americans. The company focuses on various segments of the healthcare industry. It engages in the management and dispensing of prescription medications through its mail-order pharmacies and its network of retail pharmacies. The company’s Specialty Pharmacy segment, Accredo Health Group, provides specialty pharmacy products and services for the treatment of chronic and complex diseases. Through its subsidiary, Liberty Medical, the company provides diabetes testing supplies and related products. Medco Health Solutions, Inc. also offers services, including plan design, clinical management, utilization management, clinical services, pharmacy management, mail-order services, physician services, and Web-based services to private and public employers, health plans, labor unions, and government agencies. The company’s clients primarily include Fortune 500 companies. It has a joint venture agreement with United Drug plc to provide home-based pharmacy care services in the United Kingdom for patients covered by the National Health Service. The company was founded in 1983 and is based in Franklin Lakes, New Jersey. As of 19, 2003, Medco Health Solutions, Inc. operates independently of Merck & Co., Inc. As per the transaction announced on July 28, 1993, Medco Health Solutions Inc. operates as a subsidiary of Merck & Co. Inc.
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