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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
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06/23/201608:08:00Corporate Social Responsibility Related News Releases and Story...
06/21/201616:08:42Annual Report of Employee Stock Plans (11-k)
06/20/201616:29:45Statement of Changes in Beneficial Ownership (4)
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06/16/201609:30:00UnitedHealthcare Will Award up to $120,000 in Grants to Michigan...
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06/13/201616:20:00United Health Foundation Partnership with New Jersey Hospital...
06/13/201609:00:00UnitedHealthcare Will Reimburse Kidney Donors’ Travel Expenses, E...
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06/09/201617:58:58Statement of Changes in Beneficial Ownership (4)
06/09/201617:57:36Initial Statement of Beneficial Ownership (3)

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