Walgreens Partners With Blue Cross-Owned PBM Prime Therapeutics

Walgreens Boots Alliance said it has formed a long-term “strategic alliance” with Prime Therapeutics , a large pharmacy benefit manager owned by 14Blue Cross and Blue Shield health plans.

The deal includes a new retail pharmacy network for Prime effective in 2017 while linking Walgreens with the nation’s fourth-largest PBM . Prime competes with Express Scripts, UnitedHealth Group UNH -0.47%’s Optum Rx and CVS Health CVS -0.87%’s Caremark PBM subsidiary to get better deals on drug costs for employers and health plans.  Read the article here

Forbes

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