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Walgreen, UnitedHealth's OptumRx Extend Pharmacy Services Contract

By Melodie Warner Walgreen Co. (WAG) will continue to provide pharmacy services to members of UnitedHealth Group Inc.'s (UNH) OptumRx drug-benefit plans under a multi-year agreement. Financial terms weren't disclosed. OptumRx manages the prescription drug benefits of commercial, Medicare, Medicaid and other governmental health plans. The contract extension comes as Walgreen has posted four straight months of same-store sales declines since the drug-store chain left Express Scripts Holding Co.'s (ESRX) pharmacy-benefits manager's network on Jan. 1. Last week, Walgreen and Express Scripts agreed to dismiss a lawsuit Express Scripts filed last year over Walgreen's marketing tactics when the relationship between the drugstore chain and pharmacy-benefit manager was breaking down. Walgreen shares were trading 1.9% higher at $30.50 in premarket trading. The stock has fallen 9.5% since the beginning of the year. Write to Melodie Warner at melodie.warner@dowjones.com

Stock News for Uhc (UNH)
DateTimeHeadline
09/29/201612:00:00University of California and UnitedHealth Group to Collaborate...
09/28/201611:56:00UnitedHealthcare and Optum Support People Affected by Floods...
09/28/201608:30:00New Report Highlights New Level of Detail in Wide Variations...
09/27/201608:00:00Frost & Sullivan Names Optum 2016 North America Company of the...
09/26/201617:30:00UnitedHealthcare and Optum Support People Affected by Floods...
09/22/201617:55:00Statement of Changes in Beneficial Ownership (4)
09/22/201617:54:07Statement of Changes in Beneficial Ownership (4)
09/22/201617:53:15Statement of Changes in Beneficial Ownership (4)
09/22/201617:52:49Statement of Changes in Beneficial Ownership (4)
09/22/201617:52:21Statement of Changes in Beneficial Ownership (4)
09/22/201617:51:54Statement of Changes in Beneficial Ownership (4)
09/22/201617:51:27Statement of Changes in Beneficial Ownership (4)
09/22/201617:48:10Statement of Changes in Beneficial Ownership (4)
09/22/201617:47:39Statement of Changes in Beneficial Ownership (4)
09/22/201617:47:10Statement of Changes in Beneficial Ownership (4)
09/22/201617:46:41Statement of Changes in Beneficial Ownership (4)
09/22/201617:46:14Statement of Changes in Beneficial Ownership (4)
09/22/201617:45:46Statement of Changes in Beneficial Ownership (4)
09/22/201617:45:19Statement of Changes in Beneficial Ownership (4)
09/22/201617:44:48Statement of Changes in Beneficial Ownership (4)

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