For the second time in a little over a year, a “for sale” sign hangs on PCS Health Systems, the country's largest pharmacy benefit manager. Rite Aid, the pharmacy chain that bought PCS from Eli Lilly in late 1998, faces a cash-flow crunch, and is willing to listen to offers for it.
Analysts say Rite Aid is unlikely to recover the $1.5 billion it spent on PCS, triggering questions about the value of PBMs. Lilly sold PCS for a third of what it paid for it in 1994.
Rite Aid lost $68 million in its second quarter. Its decision comes before the chain ever got to implement its strategy to free Rite Aid pharmacists — who would be armed with data about PCS's 50-million-plus members — to engage in greater patient counseling and health-related activities.
Paul Lendner ist ein praktizierender Experte im Bereich Gesundheit, Medizin und Fitness. Er schreibt bereits seit über 5 Jahren für das Managed Care Mag. Mit seinen Artikeln, die einen einzigartigen Expertenstatus nachweisen, liefert er unseren Lesern nicht nur Mehrwert, sondern auch Hilfestellung bei ihren Problemen.