![]() ![]() RxAmerica believes that by focusing specifically on the business needs of our customers we can align our individual companies in a mutually beneficial relationship. Too often, we see our competitors' direct ties to pharmaceutical companies cause a conflict between their business goals and the needs of their customers. RxAmerica's independence from any one drug company allows us to help our members receive the best prescription drug care possible without feeling the pressure to promote only expensive, brand-name drugs. Ownership by Longs Drug Stores, a Fortune 500 company (NYSE - symbol LDG), has given RxAmerica the strength and stability to incorporate state-of-the-art systems and services that meet the needs of our customers and exceed the offerings of our largest competitors. Our services are specifically designed to improve quality of care and increase member satisfaction while helping our customers control costs. RxAmerica is a leading pharmacy benefit manager (PBM) that specializes in controlling costs, creating customized solutions and delivering best-in-class service for its clients. RxAmerica has been providing PBM services to managed-care organizations and employer groups ranging in size from 100 to more than 250,000 members since 1989. Nationally, RxAmerica provides prescription benefits for more than 8 million individuals through a retail network of more than 60,000 pharmacies and a state-of-the-art mail order pharmacy. RxAmerica delivers innovative, targeted programs that improve the health of members while lowering drug benefit costs for its clients. Company Timeline: 1989 - RxAmerica began as a mail service division of American Drug Stores, a national pharmacy chain store and subsidiary of American Stores Company. 1994 - Claims processing was brought in-house, and RxAmerica began providing a full suite of PBM services under the name of RxAmerica LLC. 1997 - American Drug Stores and Longs Drug Stores announced the merger of RxAmerica and Integrated Health Concepts (IHC), the PBM subsidiary of Longs. The PBM joint venture called for equal ownership by the two retailers and retained the RxAmerica name. 1999 - American Drug Stores, one of RxAmerica's parent companies, was acquired by Albertson's, becoming one of the largest food and drug retailers in the nation. The merger provided additional resources that enabled RxAmerica to offer expanded retail pharmacy services across a broader geographical base. The merger did not impact the management structure or operation of RxAmerica. 2001 - Longs exercised an option to purchase the other 50% of RxAmerica from Albertson's. The deal was completed on September 18, 2001. Today - RxAmerica is a fully integrated retail and mail service provider of PBM services, serving more than 6 million individuals nationwide. Through a network of more than 55,000 pharmacies and a state-of-the-art mail service facility in Sacramento, California, clients have pharmacy access in all 50 states as well as Puerto Rico and the Virgin Islands. |