Diversified Pharmaceutical Services

Diversified Pharmaceutical Services entered the market in 1976 as the pharmacy benefit manager for United HealthCare, a leading managed care organization.[1] It pioneered many cost containment strategies that are now core pharmacy benefit manager services and became a recognized leader in clinical programs.

History

Diversified Pharmaceutical Services (DPS) grew out of the pharmacy department within United Healthcare.[2]

The company was sold to SmithKline Beecham for $2.3 billion in May 1994.[3] In 1999, it was acquired by Express Scripts in 1999 for $700 million in cash to create what was then the third largest pharmacy benefit manager in the United States.[1]

References
  1. "Express Scripts to Acquire Diversified Pharmaceutical Services", PRNewswire, St. Louis, February 9, 1999, archived from the original on January 27, 2018, retrieved October 31, 2015
  2. Navarro, Robert (1999). Managed Care Pharmacy Practice. Jones & Bartlett Learning. p. 225. ISBN 978-0-8342-1205-3.
  3. Freudenheim, Milt (May 9, 1994). "A Shift of Power in Pharmaceuticals". The New York Times. ISSN 0362-4331. Retrieved March 4, 2020.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.