Indianapolis, Indiana--Express Scripts (NASDAQ:ESRX), will consolidate operations in Indianapolis, with a goal of creating 182 jobs by 2012.
Express Scripts' entry into Indiana comes in the wake of its 2009 acquisition of Indianapolis-based Wellpoint's NextRx subsidiaries. The agreement, which was completed in December, called for Express Scripts to take over NextRx's pharmacy benefits management services, including home delivery and specialty pharmacy services. The Fortune 500 Company will invest $5.17 million to consolidate its specialty pharmacy operations to the facility formerly occupied by NextRx near the Indianapolis International Airport.
Headquartered in St. Louis, Express Scripts employs 12,500 associates throughout the United States and Canada. The company, which handles millions of prescriptions each year, plans to begin hiring additional pharmacy technicians in the next month.
Express Scripts was recognized as one of BusinessWeek's BW50 top-performing companies in 2009. BusinessWeek's rankings are an analysis of companies listed in the S&P 500 stock index which are then rated on business performance measures including sales growth and return on investment.
The Indiana Economic Development Corporation offered Express Scripts up to $2.95 million in performance-based tax credits and up to $50,000 in training grants based on the company's job creation plans. The city of Indianapolis will support additional property tax abatement at the request of Indianapolis Economic Development, Inc.
Express Scripts, Inc., More information can be found at www.express-scripts.com and www.consumerology.org .
George Paz, Chairman and Chief Executive Officer of Express Scripts
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