Walgreen Says It Will Split With Express Scripts

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It said Express Scripts processes about 90 million prescriptions that will be filled at Walgreen stores in fiscal 2011, which will bring Walgreen about $5.3 billion in revenue. Photo Calvero
It said Express Scripts processes about 90 million prescriptions that will be filled at Walgreen stores in fiscal 2011, which will bring Walgreen about $5.3 billion in revenue. Photo Calvero

By MARLEY SEAMAN AP Health Writer

NEW YORK (AP) _ Walgreen Co. is tangling with another major pharmacy benefits manager, saying Tuesday it will end a $5.3-billion-per-year relationship with Express Scripts Inc.

The announcement follows a similar contract fight a year ago with CVS Caremark Corp. that was eventually resolved.

The disclosure of the impasse with Express Scripts overshadowed news that Walgreen's profit climbed 30 percent in its third fiscal quarter.

Walgreen, the biggest drugstore chain in the U.S., said contract negotiations with Express Scripts have failed, and it will stop participating in the St. Louis company's prescription plans starting Jan. 1.

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