Attached files
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8-K - FORM 8-K - CVS HEALTH Corp | dp16009_8k.htm |
EX-99.2 - EXHIBIT 99.2 - CVS HEALTH Corp | dp16009_ex9902.htm |
EXHIBIT
99.1
Media
Contact:
|
Investor
Contact:
|
Eileen
Howard Dunn
|
Nancy
Christal
|
CVS
Caremark
|
CVS
Caremark
|
Senior
Vice President
|
Senior
Vice President
|
Corporate
Communications
|
Investor
Relations
|
(401)
770-4561
|
(914)
722-4704
|
FOR
IMMEDIATE RELEASE
CVS Caremark Appoints Per Lofberg
President of PBM Business
New President Brings Experience, History
of Innovation
WOONSOCKET, R.I., December 21,
2009—CVS Caremark (NYSE: CVS) today announced the appointment of Per G.H.
Lofberg as president of its pharmacy benefit management business (PBM),
effective January 4, 2010.
Lofberg
has more than 30 years experience in health care and the PBM industry including
the role of Chairman for Merck-Medco Managed Care LLC, which later became Medco
Health Solutions. He currently serves as President and CEO of Generation Health
Inc., a strategic partner with CVS Caremark focused on expanding pharmacogenomic
clinical and testing services for customers.
“Per is
widely respected in the PBM and health care industry. He brings a wealth of
experience in working with key clients to understand the needs of the
marketplace and produce meaningful results. His expertise, along with
his demonstrated ability to execute growth strategies, makes him the perfect
person to guide our PBM in the evolving health care environment,” noted Tom
Ryan, Chairman, President and CEO of CVS Caremark.
Prior to
launching Generation Health, Lofberg was Co-Founder and CEO of Merck Capital
Ventures, a venture capital company primarily funded by Merck to invest in
emerging health care technologies. Lofberg also spent 15 years with Boston
Consulting Group (BCG) in Boston, New York and Munich, West Germany. He was
partner-in-charge of BCG’s New York Office and headed the company’s worldwide
health care practice.
Lofberg
said he is looking forward to the opportunities and challenges of running one of
the nation’s largest PBMs. “CVS Caremark’s corporate resources and its
leadership position as the country’s largest provider of pharmacy services
offers a tremendous platform for innovation and growth in our complex and
challenging health care system,” he said.
Lofberg
has an M.S. from the Graduate School of Industrial Administration at Carnegie
Mellon in Pittsburgh and an undergraduate degree from the Stockholm School of
Economics in Sweden.
About
CVS Caremark
CVS Caremark is the largest provider of
prescriptions in the nation. The Company fills or manages more than 1 billion
prescriptions annually. Through its unmatched breadth of service offerings, CVS
Caremark is transforming the delivery of health care services in the
U.S. The Company is uniquely positioned to
effectively manage costs and improve health care outcomes through its more than
7,000 CVS/pharmacy and Longs Drugs stores; its Caremark Pharmacy Services
division (pharmacy benefit management, mail order and specialty pharmacy); its
retail-based health clinic subsidiary, MinuteClinic; and its online pharmacy,
CVS.com. General information about CVS Caremark is available through the
Investor Relations section
of the Company’s Web site,
at www.cvscaremark.com/investors, as well as through the press room section of the
Company’s Web site, at
www.cvscaremark.com/newsroom.