- Rank66
- Previous Rank62
- CEOTimothy C. Wentworth
- Address1 Express Way, St. Louis, MO 63121
- Website
- IndustryHealth Care: Pharmacy and Other Services
Express Scripts, a full service pharmacy benefits manager, has been benefitting from industry consolidation that has cut costs and boosted their bargaining strength as pharmaceutical companies release high-priced treatments for hepatitis C and high cholesterol. Express Scripts led the wave of consolidation when it bought Medco Health Solutions for almost $30 billion in 2012. The deal doubled its revenues and positioned the company as the No. 1 pharmacy benefits manager. The St. Louis, Mo.-based company has also benefitted from more insured patients, a result of the Affordable Care Act. Express Scripts has used its industry-leading position to wring out savings on high-cost specialty drugs for its users, which will become more necessary as more innovative treatments come on the market. Specialty pharmacy is expect to grow by about 20% over the next few years and customers will rely on PBM’s to help them better manage this spend.
Company Information
CEO | Timothy C. Wentworth |
Industry | Health Care: Pharmacy and Other Services |
Sector | Health Care |
HQ Location | St. Louis, MO |
Website | http://www.express-scripts.com |
Years on List | 13 |
Key Financials (last fiscal year)
($ Millions) | % change | |
---|---|---|
Revenues | 100,887.1 | -3.6% |
Profits | 2,007.6 | 8.8% |
Assets | 53,798.9 | - |
Employees | 29,500 | - |
Profits as a % of
Profit as % of Revenues | 2% |
Profits as % of Assets | 3.7% |
Profits as % of Stockholder Equity | 10% |