Seeking Alpha

Express Scripts wins big federal contract

  • The U.S. Department of Defense awards Express Scripts (ESRX) a seven-year contract to administer the TRICARE Pharmacy Program (4th Generation) covering ~10M beneficiaries. The company will run a retail pharmacy network, the TRICARE mail order pharmacy and will provide specialty pharmacy services.
  • ESRX has been providing home delivery to the DoD since 2003 and retail pharmacy services since 2004. Defense added specialty pharmacy in 2009.
  • The company will now provide pharmacy services to all the military worldwide including Military Treatment Facilities.
  • The contract will take effect May 1, 2015.
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