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Caremark International
CVS Caremark (formerly Caremark Rx) is the pharmacy benefit management subsidiary of CVS Health, headquartered in Woonsocket, Rhode Island. Company history Early years CVS Caremark was founded in 1993 as MedPartners, Inc. in Birmingham, Alabama by several local businessmen as a physician practice management (PPM) company. HealthSouth, New Enterprise Associates, and Richard M. Scrushy stepped in to provide the company with early financial backing. Larry House, an executive at HealthSouth, was brought on to serve as the company's first CEO. MedPartners went public in February 1995 and began buying up other PPM business around the country. In August 1995, MedPartners announced the acquisition of Mullikin Medical Enterprises, a PPM company based in California. In December 1995, MedPartners acquired Pacific Physicians Services, a PPM company based in Redlands, California. The company continued to grow by acquiring physician practice groups, including the Kelsey-Seybold Clinic in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Summit Medical Group
Summit Health is a for-profit, multi-specialty medical practice headquartered in Berkeley Heights, New Jersey. The company was a result of a merger between Summit Medical Group and CityMD. It is now owned by Walgreens-owned VillageMD. Summit Health is led by Chairman and CEO Jeffrey Le Benger, MD. In 2016, Le Benger was named #8 in the "NJBiz Health Care Power 50 list" – a publicized ranking of the leaders of New Jersey healthcare organizations, state policymakers and legislators. In January 2023, Walgreens-owned VillageMD completed the acquisition of Summit Health. History Founders Summit Health traces its beginnings to October 1919, when co-founders William H. Lawrence, MD, and Maynard G. Bensley, MD established the company as Summit Medical Group in Summit, New Jersey. The two had met in the United States Army's World War I Ambulance Company 33, which Lawrence had organized, and which was later headed by Bensley. Lawrence attained the rank of Major, and Bensley attain ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
AdvancePCS
AdvancePCS Inc. (Pharmaceutical Card System) was a large prescription benefit plan administrator from the United States, also known as a PBM (Pharmacy Benefit Manager). The company was partially purchased by McKesson in 1969 and fully in 1972. In 1994, the company was sold to Lilly for $4.4 billion. Rite Aid Rite Aid Corporation is an American drugstore chain based in Philadelphia, Pennsylvania. It was founded in 1962 in Scranton, Pennsylvania, by Alex Grass under the name Thrift D Discount Center. Prior to its first bankruptcy in 2023, it was the th ... purchased AdvancePCS for $1.5 billion in 1999, but sold to Advance Paradigm a year later for $1 billion. In 2003, Caremark bought AdvancePCS for $5.3 billion, and CVS acquired Caremark in 2007 in a $26.5 billion deal. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Madison Dearborn Partners
Madison Dearborn Partners (MDP) is an American private equity firm specializing in leveraged buyouts of privately held or publicly traded companies, or divisions of larger companies; recapitalizations of family-owned or closely held companies; balance sheet restructurings; acquisition financings; and growth capital investments in mature companies. MDP operates using an industry-focused investment approach and focuses on the following sectors: basic industries, business and government software and services, financial & transaction services, health care, and TMT services. Since the founders established MDP as an independent firm in 1992, the firm has raised seven funds with aggregate capital of approximately $23 billion, and has completed investments in more than 130 companies. History Madison Dearborn Partners was founded in 1992 and is based in Chicago, Illinois. The founders, John A Canning Jr, Paul J. Finnegan, Samuel M. Mencoff, and Nicholas W. Alexos, had previously ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Team Health
Team Health Holdings, Inc., stylized as TeamHealth, is a physician practice in the U.S. founded in 1979 and based in Knoxville, Tennessee, pursuing medical outsourcing. Originally a provider of emergency department services, it is outsourcing physicians in emergency medicine, hospital medicine, anesthesiology, Critical care medicine, critical care, obstetrics, orthopedic surgery, general surgery, ambulatory care, post-acute care and medical call centers to approximately 2,900 acute and post-acute facilities nationwide. After numerous acquisitions in the 2010s it has become the largest market share in U.S. physician outsourcing. TeamHealth has affiliated partner companies, including D&Y Locum Tenens, Spectrum Healthcare Resources and AccessNurse. History TeamHealth was founded in Knoxville in 1979 by Dr. Lynn Massingale. The company began as Southeastern Emergency Physicians, the predecessor to TeamHealth, when Dr. Massingale, then an emergency medicine physician at the University o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nashville, Tennessee
Nashville, often known as Music City, is the capital and List of municipalities in Tennessee, most populous city in the U.S. state of Tennessee. It is the county seat, seat of Davidson County, Tennessee, Davidson County in Middle Tennessee, located on the Cumberland River. Nashville had a population of 689,447 at the 2020 United States census, 2020 census, making it the List of United States cities by population, 21st-most populous city in the United States and the fourth-most populous city in Southeastern United States, the Southeast. The city is the center of the Nashville metropolitan area, home to 2.1 million people, and is among the fastest growing cities in the nation. Named for Francis Nash, a general of the Continental Army during the American Revolutionary War, the city was founded in 1779 when this territory was still considered part of North Carolina. The city grew quickly due to its strategic location as a port on the Cumberland River and, in the 19th century, a railr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chicago Tribune
The ''Chicago Tribune'' is an American daily newspaper based in Chicago, Illinois, United States. Founded in 1847, it was formerly self-styled as the "World's Greatest Newspaper", a slogan from which its once integrated WGN (AM), WGN radio and WGN-TV, WGN television received their call letters. It is the most-read daily newspaper in the Chicago metropolitan area and the Great Lakes region, and the List of newspapers in the United States, sixth-largest newspaper by print circulation in the United States. In the 1850s, under Joseph Medill, the ''Chicago Tribune'' became closely associated with the Illinois politician Abraham Lincoln, and the then new Republican Party (United States), Republican Party's progressive wing. In the 20th century, under Medill's grandson 'Colonel' Robert R. McCormick, its reputation was that of a crusading newspaper with an outlook that promoted Conservatism in the United States, American conservatism and opposed the New Deal. Its reporting and commenta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deerfield, Illinois
Deerfield is a village in Lake County, Illinois, Lake and Cook County, Illinois, Cook counties in the U.S. state of Illinois. A northern Chicago metropolitan area, suburb of Chicago, Deerfield is located on the North Shore (Chicago), North Shore, about north of Chicago Loop, downtown Chicago. The population was 19,196 at the 2020 United States census, 2020 census. Deerfield is home to the headquarters of Walgreens Boots Alliance, Baxter Healthcare, and Fortune Brands Home & Security. Deerfield is often listed among the wealthiest and highest-earning places in Illinois and the Midwest. According to the United States Census Bureau, the median household income in Deerfield was $185,762 in 2022. History Beginnings Originally populated by the Bodéwadmiakiwen (Potawatomi), Myaamia (Miami people, Miami), Kiikaapoi (Kickapoo people, Kickapoo), and Peoria people, Peoria Native Americans, the area was settled by Horace Lamb and Jacob B. Cadwell in 1835 and named Cadwell's Corner. A sh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Northbrook, Illinois
Northbrook is a suburb of Chicago, located at the northern edge of Cook County, Illinois, United States, on the border of Lake County, Illinois, Lake County. It is part of a collection of upscale residential communities north of Chicago and belongs to Northfield Township and the greater North Shore. Per the 2020 United States census, 2020 census, the population was 35,222. When incorporated in 1901, the village was known as Shermerville in honor of Frederick Schermer, who donated the land for its first Northbrook station, train station. The village changed its name to Northbrook in 1923 as an effort to improve its public image. The name was chosen because the West Fork of the North Branch of the Chicago River runs through the village. Glenbrook North High School, founded in 1952 as Glenbrook High School, is located in Northbrook. The village is also home to the Northbrook Park District, the Northbrook Court shopping mall, the Ed Rudolph Velodrome, the Chicago Curling Club, and th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Baxter International
Baxter International Inc. is an American multinational healthcare company with headquarters in Deerfield, Illinois. The company primarily focuses on products to treat chronic and acute medical conditions. The company had 2023 global net sales of $14.8 billion (+2% vs 2022), across three business: "Medical Product and Therapies", "Healthcare Systems and Technologies" and Pharmaceuticals. Baxter's Medical Product and Therapies business comprise two divisions: the first named "Advanced Surgery" that produce technologies to enhance surgeons' technique, increase efficiencies and improve outcomes. The second named "Infusion Therapies and Technologies" produces intravenous products and other products used in the delivery of fluids and drugs to patients. Baxter's Healthcare System and Technologies business has four divisions "Front Line Care", "Digital Platform and Innovations", "Care and Connectivity Solutions" and "Global Services". Baxter's Pharmaceuticals business produce i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Newport Beach, California
Newport Beach is a coastal city of about 85,000 in southern Orange County, California, United States. Located about southeast of downtown Los Angeles, Newport Beach is known for its sandy beaches. The city's harbor once supported maritime industries. Today it is used mostly for recreation. Balboa Island, Newport Beach, Balboa Island draws visitors with a waterfront path and easy access from the ferry to the shops and restaurants. History The Upper Bay of Newport is a canyon carved by a stream in the Pleistocene period. The Lower Bay of Newport was formed much later by sand brought along by ocean currents, which constructed the offshore beach now recognized as the Balboa Peninsula of Newport Beach. For thousands of years, the Tongva people lived on the land in an extensive, thriving community. The Tongva villages of Genga, California, Genga and Moyongna were located in Newport Beach. The Spanish Empire colonized the land, followed by Alta California, Mexicans and Treaty of Gua ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fortune 500
The ''Fortune'' 500 is an annual list compiled and published by ''Fortune (magazine), Fortune'' magazine that ranks 500 of the largest United States Joint-stock company#Closely held corporations and publicly traded corporations, corporations by total revenue for their respective fiscal years. The list includes publicly held company, publicly held companies, along with Privately held company, privately held companies for which revenues are publicly available. The concept of the ''Fortune'' 500 was created by Edgar P. Smith, a ''Fortune'' editor, and the first list was published in 1955. The ''Fortune'' 500 is more commonly used than its subset ''Fortune'' 100 or superset Fortune 1000, ''Fortune'' 1000. History The ''Fortune'' 500, created by Edgar P. Smith, was first published in January 1955. The original top ten companies were General Motors, ExxonMobil, Jersey Standard, U.S. Steel, General Electric, JBS USA, Esmark, Chrysler, Armour and Company, Armour, Gulf Oil, Mobil, and D ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
