IT Services Agreement Allows Express Scripts to Focus on Next-Generation
Initiatives
PLANO, Texas and ST. LOUIS, Aug. 31 /PRNewswire-FirstCall/ -- EDS
(NYSE: EDS) and Express Scripts, one of America's largest pharmacy benefit
managers, today announced an agreement that extends Express Scripts'
relationship with EDS for an additional four years through 2010. The
information technology (IT) infrastructure management agreement is designed to
help Express Scripts focus on its next-generation initiatives by maximizing
existing investments and continuing to improve its IT environment.
This agreement allows EDS to continue providing Express Scripts with
computing power and information storage via mainframe hosting and storage
management. EDS will also host Express Script's midrange servers and provide
database administration support.
"EDS is playing a significant role in helping us lower costs for our
clients and patients," said Pat McNamee for Express Scripts. "The flexibility
and scalability that EDS solutions provide continue to support our growth. We
found that EDS' deep industry knowledge enhanced the overall experience for
our clients and patients, which is a primary objective for us."
The EDS solution is designed to maximize savings and mitigate risks by
providing consistent processes and tools, services integration, and quality
improvement to deliver the overall IT solution.
"Over the years, EDS has developed a solid understanding of Express
Scripts' business and technical environment that is critical as we work
together to architect the technology infrastructure that will support the
company's future initiatives," said EDS U.S. Healthcare Industry Vice
President Pat Costa. "This and other expertise allows us to deliver value and
innovation while helping EDS' clients reduce costs, manage risk and improve
service to build on their collective histories of market leadership."
Since 1999, EDS has provided Express Scripts with various IT services
including mainframe and midrange hosting, communications networking and Web
hosting. Express Scripts is also one of EDS' benefits providers.
EDS provides services to more than 250 healthcare clients in 20 countries
and processes over 1 billion claims annually. EDS provides a broad range of IT
outsourcing, consulting, critical technology and business process services to
Payor, Provider, Government Health and Life Sciences organizations around the
world.
About Express Scripts
Express Scripts, Inc. is one of the largest PBM companies in North America
providing PBM services to over 50 million members through facilities in
thirteen states and Canada. Express Scripts serves thousands of client groups,
including managed care organizations, insurance carriers, third-party
administrators, government-sponsored benefit plans, employers, and
union-sponsored benefit plans.
Express Scripts provides integrated PBM services, including network
pharmacy claims processing, mail pharmacy services, benefit design
consultation, drug utilization review, formulary management, disease
management, and medical and drug data analysis services. The Company also
provides distribution services for specialty pharmaceuticals. Express Scripts
is headquartered in St. Louis, Missouri. More information can be found at
http://www.express-scripts.com , which includes expanded investor information
and resources.
About EDS
EDS is a leading global technology services company delivering business
solutions to its clients. EDS founded the information technology outsourcing
industry more than 40 years ago. Today, EDS delivers a broad portfolio of
information technology and business process outsourcing services to clients in
the manufacturing, financial services, healthcare, communications, energy,
transportation, and consumer and retail industries and to governments around
the world. With $20.7 billion in 2004 revenue, EDS is ranked 95th on the
Fortune 500. Learn more at http://www.eds.com .
The statements in this news release that are not historical statements,
including statements regarding the amount of new contract values, are
forward-looking statements within the meaning of the federal securities laws.
These statements are subject to numerous risks and uncertainties, many of
which are beyond EDS' control, which could cause actual results to differ
materially from such statements. For information concerning these risks and
uncertainties, see EDS' most recent Form 10-Q. EDS disclaims any intention or
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
CONTACTS:
Kimberly Walton - EDS
972 605 0978
kimberly.walton@eds.com
SOURCE Electronic Data Systems Corporation
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Related links:
http://www.eds.com
http://www.express-scripts.com
CONTACT:
Kimberly Walton of Electronic Data Systems
Corporation, +1-972-605-0978, or kimberly.walton@eds.com
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