s & p 500 component traded as nasdaq esrx industry healthcare pharmaceuticals founded st. louis missouri 1986 headquarters st. louis missouri u.s. key people timothy wentworth president and ceo products prescription benefit management specialty prescription management revenue 104.62 billion us 2013 1 net income 1.845 us 2013 1 number of employees 25 900 2015 2 subsidiaries accredo curascript ubc website express scripts.com express scripts holding company is a fortune 100 company as of 2013 the 20th largest in the united states 1 and is the largest pharmacy benefit management pbm organization in the united states with 2013 revenues of 104.62 billion . 3 headquartered in st. louis missouri express scripts provides integrated pharmacy benefit management services including network pharmacy claims processing ; home delivery pharmacy services ; specialty pharmacy benefit management through its subsidiary accredo ; benefit design consultation ; drug utilization review ; formulary management ; and medical and drug data analysis services to manage drug plans for health plans self insured employers and government agencies both as administrator of employee benefits and public assistance programs . one of its largest clients is the united states department of defense s tricare program . 4 express scripts also offers pharmacy benefit management services for workers compensation insurance programs . the program is accredited by urac the nation s largest accrediting body for pharmacy benefit management companies . the company processes pharmaceutical claims for members through a network of retail pharmacies . its own automated pharmacies dispense long term chronic medications like those for diabetes or heart disease directly to members via home delivery . 3 contents 1 history 2 drug trend report 3 health decision science 4 controversy 4.1 fraud allegations 4.2 information breach 5 references 6 external links history edit express scripts began in 1986 in st. louis missouri as a result of a joint venture between a retail chain of more than 79 pharmacies medicare glaser inc. and sanus corp. health systems . express scripts was purchased by new york life insurance company in 1989 and became a publicly traded company in 1992 . in 1993 express scripts signed on both fhp international corp. and maxicare health care and corporate clients lockheed corp. service merchandise co. and ingersoll rand co. 5 in 1994 the company expanded its services by adding workers compensation prescription services and reinsurance . 5 in 1994 the company announced a two for one stock split and in 1996 established express scripts canada . the same year the company began the annual drug trend report and launched the outcomes symposium conference . 6 in april 1998 express scripts inc. acquired valuerx the pbm business of columbia hca healthcare corp. 5 the following year in april 1999 the company purchased diversified pharmaceutical services from smithkline beecham corp for 700 million . 5 that same year the company purchased stock in planetrx.com . 5 this partnership offered members options for purchasing prescriptions and over the counter health products online . 5 in 2000 the company had to write off its 165 million relationship with planetrx.com when the startup experienced financial difficulties . 5 in 2001 express scripts inc. partnered with merck medco and advance psc to form rxhub llc . 5 in late december 2006 express scripts made a proposal to purchase caremark . express scripts lost the race to acquire caremark to cvs corporation which became cvs caremark corporation on march 22 2007 . 7 in october 2007 express scripts acquired connectyourcare and now handles fsa hra and hsa accounts for companies such as suntrust zions bancorporation and allegis . 8 however express scripts divested connectyourcare in august 2012 . 8 9 on april 13 2009 it was announced that indianapolis based wellpoint had reached a definitive agreement under which saint louis based express scripts purchased wellpoint s nextrx subsidiaries for 4.675 billion . 10 express scripts the united states third largest pbm closed the transaction in december 2009 . 11 in april 2012 express scripts completed a 29.1 billion acquisition of medco health solutions . 12 the federal trade commission gave formal approval on april 2 2012 after an anti trust investigation . 12 the acquisition positioned express scripts holding co. as the largest pharmacy benefit manager filling 1.4 billion annual prescriptions . 12 express scripts has 30 000 employees worldwide . 13 most employees in the st. louis area are located in its new 220 000 square foot building . two other buildings for employees exist along with a technology innovation center which houses a pharmacy . the company plans expansion to add another 1 500 employees over the next five years contingent on state and local tax incentives with the new building a 56 million project that could start later in 2013 and be completed by early 2015 . 11 13 as of july 2016 express scripts has a 1 star out of 5 stars rating 1 being poorest and 5 being best on consumeraffairs.com based on 311 ratings . of those 311 ratings 297 gave a 1 star 9 gave a 2 stars 2 gave a 3 stars 1 gave a 4 stars and 2 gave a 5 stars . reading most of the detailed reviews revealed that most reviewers had more problems with express scripts than they even had time to put into their reviews . 14 drug trend report edit published annually since 1993 the express scripts drug trend report provides detailed analysis of prescription drug costs and utilization . 5 15 now a web based version the drug trend report is developed and published by the express scripts research & new solutions lab with contributors from researchers clinicians and others . 16 this type of research is designed to understand consumer behavior relative to healthcare benefits . 17 18 health decision science edit health science is the study of how people make decisions and how to help them make better ones . upon the merger of express scripts and medco health solutions the company came up with its own approach to understand its members health concerns which it has dubbed health decision science . this involves looking at three scientific disciplines behavioral science or consumerology clinical specialization and actionable data . 19 20 21 because of its position between pharmacies and health care plans express scripts sees 1.4 billion prescriptions a year and it uses this information as part of its research data to create better solutions for clients and patients . 22 23 24 25 26 controversy edit fraud allegations edit on august 4 2004 new york state attorney general eliot spitzer filed a lawsuit against express scripts alleging that the company had kept tens of millions of dollars in drug rebates owed to the state . the suit was filed in the new york supreme court in albany county . 27 the lawsuit further claimed that express scripts had overstated the cost benefits of switching to certain preferred medications . in 2008 the company settled the lawsuit agreeing to pay 9.3 million to pennsylvania and 28 other states to resolve claims of deceptive business practices . as part of the settlement the company also agreed to change its business practices and pay up to 200 000 in reimbursement to patients . 28 information breach edit in october 2008 the st. louis headquarters received an anonymous letter that contained sensitive information about 75 members . 29 the extortionist stated that they would release more of similar records if the company failed to pay an unspecified amount of money . a consumer class action lawsuit against express scripts was brought on by john amburgy a missouri man who accused the company of negligence in protecting customer records . the case was dismissed when amburgy failed to show how he was directly affected by the breach . 30 references edit a b c express scripts holding . fortune . 2014 . 1 2015 sec form 10 k filing page 14 a b express scripts holding company form 10 k . retrieved 2013 11 20 . we are express scripts we never stand still . phx.corporate ir.net . retrieved 2015 08 11 . a b c d e f g h i express scripts inc. . retrieved 2013 11 20 . investor relations express scripts.com corporate milestones . phx.corporate ir.net . retrieved september 29 2012 . express scripts makes 26 billion bid for caremark . retrieved 2013 11 20 . a b express scripts divesting connectyourcare unit . retrieved 2013 11 20 . express scripts holding company form 8 k . retrieved 2013 11 20 . express scripts 2009 10 k . retrieved 2011 02 19 . a b express scripts plans to add 1 500 jobs in north st. louis county . st. louis post dispatch . june 20 2013 . a b c express scripts first quarter net rose 39 % helped by acquisition . the wall street journal . retrieved 2013 11 20 . a b express scripts plans to add 1 500 jobs in north st. louis county . retrieved 2013 11 20 . https www.consumeraffairs.com rx express scripts.html generics brought down common drug prices in 2012 express scripts . reuters . 2013 03 05 . retrieved 2013 11 20 . spending on basic prescriptions decreases . the wall street journal . retrieved 2013 11 20 . thomas katie 2013 03 18 . u.s. drug costs dropped in 2012 but rises loom . the new york times . retrieved 2013 11 20 . drug trend report . retrieved 2013 11 20 . alabama among most wasteful states in medical spending . retrieved 2013 11 20 . numbers numbers and more numbers . the wall street journal . retrieved 2013 11 20 . health decision science . retrieved 2013 11 20 . how big data can catch oxycontin abusers and bad docs . retrieved 2013 11 20 . collaboration may improve medication adherence . retrieved 2013 11 20 . not taking your medication or taking waaay too much the data knows . retrieved 2013 11 20 . patient engagement s obstacle human nature . retrieved 2013 11 20 . herper matthew . does medication waste cost the u.s. 418 billion . forbes . retrieved 2013 11 20 . raksha shetty 2004 08 04 . drug benefit company accused of fraud . cbsnews.com . retrieved 2011 02 19 . pennsylvania attorney general corbett announces multi state settlement with express sc ... harrisburg pa . may 27 one of ... . bio medicine.org . 2008 05 27 . retrieved 2011 02 19 . vamosi r. 2008 november 6 . extortion used in express scripts database breach . vijayan j. 2009 december 3 . no harm no foul says judge in express script data breach case external links edit missouri portal companies portal official website research site curascript sd site drug trend report accredo site ubc v t e companies of the nasdaq 100 index 21st century fox activision blizzard adobe systems akamai technologies alexion pharmaceuticals alphabet amazon.com american airlines group amgen analog devices apple applied materials autodesk automatic data processing baidu bed bath & beyond biogen biomarin pharmaceutical broadcom limited ca technologies celgene cerner charter communications check point cisco systems citrix systems cognizant comcast costco csx ctrip.com international discovery communications dish network dollar tree ebay electronic arts endo international expedia express scripts facebook fastenal fiserv gilead sciences henry schein illumina incyte intel intuit intuitive surgical jd.com kraft heinz lam research liberty braves liberty global liberty interactive liberty media linear technology marriott international mattel maxim integrated products micron technology microsoft mondelez international monster beverage mylan netapp netflix norwegian cruise line holdings nvidia nxp semiconductors o reilly automotive paccar paychex paypal qualcomm regeneron ross stores sandisk sba communications seagate technology sirius xm holdings skyworks solutions starbucks stericycle symantec t mobile us tesla motors texas instruments the priceline group tractor supply company tripadvisor ulta salon cosmetics & fragrance verisk analytics vertex pharmaceuticals viacom vodafone walgreens boots alliance western digital whole foods market xilinx yahoo retrieved from https en.wikipedia.org w index.php title express scripts