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Express Scripts: Difference between revisions
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Express Scripts began in 1986 in St. Louis County, Missouri as a result of a joint venture between a retail chain of more than 79 pharmacies (Medicare Glaser Inc.) and Sanus Corp. Health Systems. | Express Scripts began in 1986 in St. Louis County, Missouri as a result of a joint venture between a retail chain of more than 79 pharmacies (Medicare Glaser Inc.) and Sanus Corp. Health Systems. | ||
Sanus traces its history to Bradford Systems and Administrative Services which was founded in | Sanus traces its history to Bradford Systems and Administrative Services which was founded in Boston in 1968. Bradford had a contract for computer processing of Medicare and Medicaid payments. It was acquired in 1981 by [[McDonnell Douglas]] through its McDonnell Automation Company (McAuto) subsidiary for $11.5 million.<ref>{{cite news|url=https://www.nytimes.com/1981/12/25/business/bradford-national-sells-a-division.html|title=Bradford National Sells a Division|work=The New York Times |date=25 December 1981|via=NYTimes.com}}</ref> | ||
In 1983, two of McDonnell Douglas' former principals Joseph T. Lynaugh (a former director of [[NYC Health + Hospitals]] in [[New York City]]), the McAuto's project manager of the Bradford takeover,<ref>{{cite web|url=http://www.newspapers.com/image/121504036/|title=8 Dec 1982, Page 15 - Arizona Republic at Newspapers.com|website=Newspapers.com}}</ref> and Howard L. Waltman, a long time Bradford's employee,<ref>{{cite web|url=http://www.nndb.com/people/022/000169512/|title=Howard L. Waltman|website=www.nndb.com}}</ref> formed the Sanus Corporation with substantial investments and ownership from McDonnell Douglas, including a McDonnell Douglas whole ownership of the St. Louis office. [[General American Life Insurance Company]] invested in Sanus's future, the largest part of the funding based in New York. Sanus was a [[health maintenance organization]] and it merged with the General America Life Insurance [[preferred provider organization]].<ref>{{cite web|url=http://www.newspapers.com/image/140996821/?terms=sanus+lynaugh|title=5 Dec 1985, Page 49 - St. Louis Post-Dispatch at Newspapers.com|website=Newspapers.com}}</ref> Sanus rapidly grew and by 1986 it had 200,000 clients and $100 million in revenue, operating in the St. Louis, [[Dallas]], [[Fort Worth, Texas|Fort Worth]], [[Houston]], and [[Washington, D.C.]] markets. It created a subsidiary called GenCare to fill prescriptions. | In 1983, two of McDonnell Douglas' former principals Joseph T. Lynaugh (a former director of [[NYC Health + Hospitals]] in [[New York City]]), the McAuto's project manager of the Bradford takeover,<ref>{{cite web|url=http://www.newspapers.com/image/121504036/|title=8 Dec 1982, Page 15 - Arizona Republic at Newspapers.com|website=Newspapers.com}}</ref> and Howard L. Waltman, a long time Bradford's employee,<ref>{{cite web|url=http://www.nndb.com/people/022/000169512/|title=Howard L. Waltman|website=www.nndb.com}}</ref> formed the Sanus Corporation with substantial investments and ownership from McDonnell Douglas, including a McDonnell Douglas whole ownership of the St. Louis office. [[General American Life Insurance Company]] invested in Sanus's future, the largest part of the funding based in New York. Sanus was a [[health maintenance organization]] and it merged with the General America Life Insurance [[preferred provider organization]].<ref>{{cite web|url=http://www.newspapers.com/image/140996821/?terms=sanus+lynaugh|title=5 Dec 1985, Page 49 - St. Louis Post-Dispatch at Newspapers.com|website=Newspapers.com}}</ref> Sanus rapidly grew and by 1986 it had 200,000 clients and $100 million in revenue, operating in the St. Louis, [[Dallas]], [[Fort Worth, Texas|Fort Worth]], [[Houston]], and [[Washington, D.C.]] markets. It created a subsidiary called GenCare to fill prescriptions. | ||