34. Medco Health Solutions
Medco is the top pharmacy benefits manager in the country, and getting bigger all the time. In 2010, the company filled 957 million prescriptions, up 6.5% from the previous year. The company lost a big client in March when the California Public Employee’s Retirement System (CalPERS) declined to renew its prescription drug contract for 2012. That loss may sting, but Medco should get a financial boost next year: The patents on several blockbuster drugs are expiring, with generic versions sure to follow. Generic drugs tend to be more profitable than brand names for Medco’s mail-order pharmacy service. --S.D. |
| Key financials |
$ millions |
% change
from 2009 |
| Revenues |
65,968.3 |
10.3 |
| Profits |
1,427.3 |
11.5 |
| Assets |
17,097.3 |
— |
| Stockholders' equity |
3,986.8 |
— |
| Market value (3/25/2011) |
21,727.4 |
— |
| Profits as % of |
|
| Revenues |
2.2 |
| Assets |
8.3 |
| Stockholders' equity |
35.8 |
| Earnings per share |
|
| 2010 $ |
3.16 |
| % change from 2009 |
21.1 |
| 2000-2010 annual growth rate % |
N.A. |
| Total return to investors |
% |
| 2010 |
-4.1 |
| 2000-2010 annual rate |
N.A. |
|
|
.
