Express Scripts wins big federal contract

|About: Express Scripts, Inc. (ESRX)|By:, SA News Editor

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.