This article needs additional citations for verification. (December 2009) (Learn how and when to remove this template message)
AdvancePCS Inc. (Pharmaceutical Card System) was a large prescription benefit plan administrator from the United States, also known as a PBM (Pharmacy Benefit Manager).
The company was partially purchased by McKesson in 1969 and fully in 1972. In 1994, the company was sold to Lilly for $4.4 billion. Rite-Aid purchased AdvancePCS for $1.5 billion in 1999, but sold to Advance Paradigm a year later for $1 billion. In 2003, Caremark bought AdvancePCS for $5.3 billion, and CVS acquired Caremark in 2007 in a $26.5 billion deal.
- Symposium: The Changing Face Of Pharmacy Benefits Management: Information Technology Pursues A Grand Mission. Litigation-essentials.lexisnexis.com. Retrieved on 2013-09-05.
|This article about a medical, pharmaceutical or biotechnological corporation or company is a stub. You can help Wikipedia by expanding it.|
This article needs additional or more specific categories. (June 2019)