Caremark Rx was founded in 1993 in Birmingham, Alabama as MedPartners Inc. by HealthSouth Corporation along with Richard Scrushy (former CEO of HealthSouth) and one time HealthSouth Chief Opperation Officer Larry House as a physician practice management (PPM) company. After going public in 1995, MedPartners quickly became the largest PPM company through many aquisitions. In 1996 Caremark International was aquired by MedPartners with MedPartners endeding up with Caremark's PPM division and prescription benefit management (PBM) and disposing of Caremark's rehabilitaion hospitals to HealthSouth. Caremark International was founded as a unit of Baxter International. It expanded to the distribution of drugs for other conditions, including human growth hormone and multiple sclerosis. The company was spun off from Baxter International in 1992. In 1998 after a failed merger attempt with PhyCor, MedPartners announced that it would suffer a net loss of 800 million dollars. Chariman, President and CEO Larry House resigned with Richard Scrushy acting as interm Chairman, President and CEO. In 1999 Edwin Mac Crawford became Chariman, President and CEO. After taking over Mac Crawford announced that MedPartners was exiting its PPM business and refocusing on its PBM business. MedPartners changed its name to Caremark Rx in 2000 after it had sold all of its PPM practices. In 2001 Richard Scrushy sold his remaining shares in Caremark and left its board to continues as Chairman and CEO of HealthSouth. Caremark currently has approximately 4,700 employees. Nickname: The Magic City, Pittsburgh of the South, BHam Motto: Official website: http://www. ... HealthSouth Corporation NYSE: HRC, based in Birmingham, Alabama, is the USs largest healthcare services provider. ... Richard M. Scrushy (born 1952 in Selma, Alabama, USA is the founder and former chairman and chief executive officer of the physical rehabilitation healthcare giant HealthSouth, based in Birmingham, Alabama. ... Baxter, Incorporated (NYSE: BAX), is a global Medical Instruments & Supplies company, with headquarters in Deerfield, IL. // History A detailed history of Baxter can be found at on the Baxter Company Website Management Robert L. Parkinson Jr. ... For physiology of human growth hormone, see growth hormone. ... Baxter, Incorporated (NYSE: BAX), is a global Medical Instruments & Supplies company, with headquarters in Deerfield, IL. // History A detailed history of Baxter can be found at on the Baxter Company Website Management Robert L. Parkinson Jr. ... 1992 (MCMXCII) was a leap year starting on Wednesday. ...

It is the largest prescription management and pharmaceutical services business in the United States and is a member of the Fortune 500. Prescription has various meanings. ... The Fortune 500 is a ranking of the top 500 United States corporations as measured by gross revenue. ...

In 2003 it merged with Advance PCS. 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ...

External links

• Caremark website

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