CVS Caremark Awarded Integrated, 3-Year Blue Cross and Blue Shield Federal Employee Program (FEP) Contract; Terms Undisclosed

CVS Caremark Corporation

today announced that it has been awarded a three-year contract to provide integrated pharmacy benefit services for the Blue Cross and Blue Shield Government-wide Service Benefit Plan, also known as the Federal Employee Program (FEP). The Company will continue to provide retail pharmacy benefit management services, mail service pharmacy, specialty pharmacy services and highly customized clinical programs to FEP's more than 5 million federal employees, retirees and dependents. The new agreement, which runs through 2017, brings the relationship between CVS Caremark and FEP to more than 20 years. "FEP is a highly valued client and we are committed to delivering the same high level of service and patient satisfaction that we have provided to FEP's federal employees, retirees and their families for many years," said Jon Roberts, President of the CVS Caremark Pharmacy Benefit Management business. "We are pleased that FEP continues to recognize the value and services that CVS Caremark provides to their plan and members." About CVS Caremark CVS Caremark is dedicated to helping people on their path to better health as the largest integrated pharmacy company in the United States. Through the company's more than 7,600 CVS/pharmacy stores; its leading pharmacy benefit manager serving more than 60 million plan members; and its retail health clinic system, the largest in the nation with more than 800 MinuteClinic locations, it is a market leader in mail order, retail and specialty pharmacy, retail clinics, and Medicare Part D Prescription Drug Plans. As a pharmacy innovation company with an unmatched breadth of capabilities, CVS Caremark continually strives to improve health and lower costs by developing new approaches such as its unique Pharmacy Advisor program that helps people with chronic diseases such as diabetes obtain and stay on their medications. Find more information about how CVS Caremark is reinventing pharmacy for better health at info.cvscaremark.com.