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Caremark Rx, Inc.

Industry: Drug Stores

Caremark Rx, Inc. provides pharmacy benefit management services and therapeutic pharmaceutical services. For the 6 months ended 6/30/05, net revenues increased 61% to $16.61B. Net income increased 84% to $410.3M. Revenues reflect new customer contracts and the acquisition of AdvancePCS. Earnings also benefited from decreased selling, general and administrative expenses as a percentage of revenues.

Caremark Rx, Inc. (Caremark Rx) is a pharmaceutical services company that conducts its operations primarily through Caremark Inc. (Caremark) and CaremarkPCS (f/k/a AdvancePCS) (CaremarkPCS) subsidiaries. The Company's pharmaceutical services are referred to as pharmacy benefit management (PBM) services and involve the design and administration of programs aimed at reducing the costs and improving the safety, effectiveness and convenience of prescription drug use. The Company's customers are primarily sponsors of health benefit plans (employers, unions, government employee groups, insurance companies and managed care organizations) and individuals located throughout the United States. During the year ended December 31, 2004, Caremark Rx managed over 484 million prescriptions for individuals from over 2,000 organizations. The Company acquired AdvancePCS on March 24, 2004.

Caremark Rx, Inc.' rank improves

The company ranking improved in 2007, moving up the Fortune 500 list to 58th compared to 60th in 2006. This was based on its 2006 revenue of $32,991 million (a change of 4 million compared to 2007) and profits of $932 million (a change of $-931 million compared to 2006).

Another point of view

To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then Caremark Rx, Inc. would be ranked 180th rather than 58th due to its profits of $1,074 in 2007.

* US$ Million

• Address
  • Caremark Rx, Inc.
    3000 Galleria Tower Ste 1000
    Birmingham
    AL
    35244
• Contact Details
  • Phone: 205-733-8996
  • Fax: 205-733-9780
  • Website: www.caremark.com
  • Stock Symbol: CMX

Caremark Rx, Inc. is not ranked in this year's Fortune 500