Express Scripts, Walgreens make amends
Last Modified: Monday, August 06, 2012 10:50 PM
By Johnathan Manning / American Press
Express Scripts and Walgreens recently reached an agreement that will allow Express Scripts clients to once again fill prescriptions at the pharmacy chain beginning Sept. 15.
There are about 600,000 Express Scripts customers in the state, according to Brian Henry, Express Scripts vice president of corporate communications.
Walgreens and Express Scripts parted ways at the end of 2011 when they failed to reach an agreement that would extend the three-year contract in place at the time.
Walgreens last week announced its July sales and prescriptions filled numbers were down from the same month in 2011. The pharmacy giant attributed those decreases, respectively, to generic drug introductions and its disassociation with Express Scripts.
Walgreens reported that Express Scripts prescriptions made up 12.7 percent of Walgreens’ overall tally in July 2011.
The New York Times reported that Walgreens lost more than $4 billion in annual revenue because of the rift.
“As I’ve said, we are in the business of providing a broad range of pharmacy, health and wellness services to help meet the needs of all our customers, said Greg Wasson, president and CEO of Walgreens. “I am pleased that Walgreens and Express Scripts have been able to reach an agreement that works for both parties and is consistent with our company’s principles.”
George Paz, chairman and CEO of Express Scripts, spoke similarly: “We are happy to include Walgreens in our broadest network of pharmacies and we are pleased to reach an agreement to do so.”
The companies were mum on contract details, except to say it is a “multi-year” deal.
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