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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
08/28/201516:06:23Initial Statement of Beneficial Ownership (3)
08/26/201515:27:00UnitedHealthcare and Optum Continue to Support People Affected...
08/22/201519:47:00Second UnitedHealthcare IRONKIDS® Seattle Fun Run Motivates...
08/22/201519:18:00Volunteers Build Playground at Woodruff Family YMCA in Milford
08/20/201518:21:00UnitedHealthcare and Optum Act to Support People Affected by...
08/18/201516:41:00Give an Hour Receives $1.6 Million from United Health Foundation...
08/14/201520:55:00UnitedHealthcare’s Baby Blocks Helps Expectant Mothers in Kansas D...
08/14/201517:20:16Current Report Filing (8-k)
08/12/201516:01:00A.M. Best Withdraws Ratings of PacifiCare Life and Health Insurance...
08/12/201507:00:00UnitedHealth Group Board Authorizes Payment of Quarterly Dividend...
08/11/201509:00:00UnitedHealthcare Launches Mobile App to Help Medicaid and CHIP...
08/10/201516:53:00San Ysidro Health Center Kicks-off National Health Center Week...
08/07/201512:10:00UnitedHealthcare and Optum Act to Support People Affected by...
08/06/201516:00:00Give an Hour Receives $1.6 Million from United Health Foundation...
08/05/201508:30:00Optum Centers of Excellence Program Expands Access to Mayo Clinic...
08/03/201509:30:00Healthy Savings Program Helps Make Healthier Foods More Affordable...
07/31/201516:05:26Current Report Filing (8-k)
07/30/201516:26:12Statement of Changes in Beneficial Ownership (4)
07/29/201517:29:54Quarterly Report (10-q)
07/29/201514:35:00Family Health Centers of Georgia Receives $75,000 from UnitedHealthcare...

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