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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
06/01/201603:03:00Insurer to Exit Key Market -- WSJ
06/01/201600:00:00UnitedHealth to Exit Key ACA Market
05/31/201616:04:31Current Report Filing (8-k)
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05/26/201608:08:00Corporate Social Responsibility Related News Releases and Story...
05/25/201607:00:00New Report Finds Significant Health Concerns Loom for Seniors...
05/24/201612:41:00Optum Idaho Funds $420,000 Community Health Initiatives Grant...
05/20/201618:02:00New Jersey Health Care Quality Institute Receives $550,000 from...
05/19/201608:08:00Corporate Social Responsibility Related News Releases and Story...
05/17/201616:36:08Statement of Changes in Beneficial Ownership (4)
05/13/201612:12:00Rally Cycling Team Bikes to Benefit UnitedHealthcare Children's...
05/12/201608:08:00Corporate Social Responsibility Related News Releases and Story...
05/11/201616:00:00Aetna Not Withdrawing From Any Health-Law Insurance-Exchange...
05/10/201615:45:00Team from NORC Takes Top Health Analytics Prize at Health Datapalooza
05/10/201612:58:00UnitedHealthcare Donates $30,000 to Support Health and Wellness...
05/09/201616:44:43Current Report Filing (8-k)
05/06/201619:52:00United Health Foundation, Peak Military Care Network Partner...
05/05/201608:20:00Insurers Seek Rate Increases to Cover Obamacare Costs
05/05/201608:08:00Corporate Social Responsibility Related News Releases and Story...
05/04/201617:48:17Quarterly Report (10-q)

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