History
Caremark was formed as a division of Baxter Healthcare Corporation in 1983. In 1992, Caremark spun off from Baxter, the Caremark Formulary was developed and clinical intervention programs were introduced. The company continued setting up new offices in different locations. In 1994, Caremark expanded its product lines and in 1997 merged their prescription benefit management business with their biotech business.In 1998, the company described pharmaceutical services as its core operating unit and established a National Pharmacy & Therapeutics Committee. Caremark Rx and AdvancePCS announced a strategic combination in 2003.
Mission
The mission of Caremark Rx is to be the premier health management solution provider, enabling individuals and plan sponsors to optimize their health care investment.Area of Operation
The businesses of Caremark Rx are:- Pharmacy Benefit Management
- Specialty Pharmacy
- Disease Management
- Mail Services
Key Statistics
- Caremark Rx holds assets of $12.36 billion.
- Caremark Rx made profits of $1.06 billion in 2006.
- Caremark Rx operates throughout the U.S.
- Caremark Rx has 13,628 employees.
International Ranking
- Caremark Rx ranks 352nd in the world according to Forbes Magazine.
- Caremark Rx ranks 173rd in the Fortune Global 500.
Headquarters Address:
Caremark Rx Inc211 Commerce Street
Suite 800
Nashville, TN 37201
Phone: (615) 743-6600
Fax: (205) 733-9780
