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Molina Healthcare Renews Agreement with CVS Caremark for Pharmacy Benefit Management

Source Molina Healthcare, Inc.
Published Date 1/3/2019
Molina Healthcare, Inc. (NYSE: MOH) today announced that, following a comprehensive procurement process, it has extended its agreement with CVS Caremark for pharmacy benefit management (PBM) services through 2021. Under the agreement, which became effective January 1, 2019, CVS Caremark will continue to administer pharmacy benefits for the approximately 4 million members Molina serves through its Medicaid, Medicare, and Marketplace health plans. The extension modifies Molina’s existing agreement with CVS Caremark to align Molina’s pharmacy management strategy with the operational improvement initiatives that have been underway over the last year under its new management team. ...
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CVS Health
Woonsocket, RI
 
Molina Healthcare, Inc.
Long Beach, CA
 

Company Representatives Featured
Ryan Kubota
[Director, Investor Relations]
Molina Healthcare, Inc.
Media Contact
 
Laura Murray
[Director of Public Relations]
Molina Healthcare, Inc.
Media Contact
 
Derica Rice
[President]
CVS Health
 
Joseph M. Zubretsky
[President and Chief Executive Officer]
Molina Healthcare, Inc.
 
 
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