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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
01/21/201515:13:09U.S. Stocks Little Changed in Choppy Trade
01/21/201514:37:27U.S. Stocks Trade Little Changed
01/21/201511:16:32UnitedHealth Results Top Expectations on Revenue Growth -- 4th...
01/21/201510:42:05U.S. Stocks Pare Early Losses on Talk of ECB Easing
01/21/201508:42:21UnitedHealth Results Top Expectations on Revenue Growth -- 3rd...
01/21/201508:29:47UnitedHealth Results Top Expectations on Revenue Growth -- 2nd...
01/21/201506:59:07MARKET SNAPSHOT: U.S. Stocks: Futures Lower Before Housing; Netflix...
01/21/201506:55:11UnitedHealth Results Top Expectations on Revenue Growth
01/21/201506:46:55MARKET SNAPSHOT: U.S. Stocks: Futures Lower Before Housing, Netflix...
01/21/201506:35:04MARKET SNAPSHOT: U.S. Stocks: Futures Lower Before Housing, UnitedHealth...
01/20/201511:31:16Investors Watch UnitedHealth for Cost Trends, Law Impact -- Earnings...
01/16/201519:17:16Top Health Official to Step Down--2nd Update
01/16/201513:11:35Top Health Official to Step Down--Update
01/16/201510:19:48Top U.S. Health Official Marilyn Tavenner to Step Down
12/23/201414:49:29Asset Managers, Activists Urge Companies to Adopt Director Tenure...
12/01/201419:14:12UnitedHealth Reaffirms 2014 Earnings View, Issues 2015 Guidance
11/25/201417:59:20Insurers' Listings of In-Network Doctors Often Out of Date--Update
11/12/201417:09:26UnitedHealth Creates Office of the Chief Executive
10/16/201417:06:24MARKET SNAPSHOT: U.S. Stocks End Marginally Higher; Small Caps...
10/16/201414:43:08MARKET SNAPSHOT: U.S. Stocks Rebound; Small Caps Rally

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