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Article: CVS Caremark and Universal American Will End Medicare Part D Strategic Alliance at Year-End 2008.
- Article from:
- Business Wire
- Article date:
- February 13, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Economics Will Be Preserved For Each Company in Amicable Split
WOONSOCKET, R.I. & RYE BROOK, N.Y. -- CVS Caremark (NYSE: CVS) and Universal American Corp. (NYSE: UAM) announced today that their strategic alliance covering the Prescription Pathway(SM) Medicare Part D prescription drug plan (PDP) program will end as of December 31, 2008, subject to regulatory approvals.
Since the inception of the program in 2006, Universal American has offered Medicare Part D prescription drug plans through its Prescription Pathway(SM) products in conjunction with Caremark Pharmacy Services, a subsidiary of CVS Caremark.
Upon dissolving the strategic alliance, ...