Walgreens Boots Alliance (WBA), Prime Therapeutics to Form Strategic Alliance
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Walgreens and Prime Therapeutics Agree to Form Strategic Alliance; Includes Retail Pharmacy Network Agreement and Combines Companies’ Central Specialty Pharmacy and Mail Service Businesses
August 29, 2016 9:00 AM EDTInnovative model aligns pharmacy, PBM and health plans to help lower costs and improve outcomes for patients and payers
DEERFIELD, Ill. & ST. PAUL, Minn.--(BUSINESS WIRE)-- Walgreens and Prime Therapeutics (Prime), a pharmacy benefit manager (PBM), today announced a long-term strategic alliance that includes a new retail pharmacy network agreement and the combination of the companies central specialty pharmacy and mail service businesses.
The alliance between Walgreens, one of the nations largest drugstore chains, and Prime, the nations fourth largest PBM owned by 14 leading Blue Cross and Blue Shield health plans,... More
