Express Scripts reports strong Q3 profits

Express Scripts Holding Co., the nation’s largest pharmacy benefits manager and one of the St. Louis area’s largest employers, reported a third-quarter profit of $589.1 million, up 34 percent from the prior-year period. Revenues totaled $25.8 billion, down from $25.9 billion in the prior-year quarter. Home delivery and specialty revenue rose 4 percent, to $10 billion, while network revenue fell 4 percent, to $14.7 billion. Company officials attributed that to lower claims volume and an increase in the network generic fill rate and lower claims volume in general.

Read more from the St. Louis Business Journal