SOURCE: Leerink Swann & Company

June 30, 2005 10:07 ET

Leerink Swann & Company Initiates Coverage of Caremark Rx, Inc. (NYSE: CMX)

BOSTON, MA -- (MARKET WIRE) -- June 30, 2005 -- This morning, Senior Health Care Services Analyst, Ann Hynes initiated coverage of Caremark Rx, Inc. (NYSE: CMX) with an Outperform rating. Her investment rating is based on her belief that Caremark is well positioned to benefit from strong industry trends and its upside potential from continued cross-selling opportunities of the AdvancePCS acquisition.

About Caremark Rx, Inc.

Caremark Rx, Inc. (NYSE: CMX) is a leading pharmaceutical services company, providing through its affiliates comprehensive drug benefit services to over 2,000 health plan sponsors and their plan participants throughout the U.S. The company operates a national retail pharmacy network with over 59,000 participating pharmacies, seven mail service pharmacies, the industry's only FDA-regulated repackaging plant and 21 licensed specialty pharmacies for delivery of advanced medications to individuals with chronic or genetic diseases and disorders. Caremark is headquartered in Nashville, Tennessee.

About Leerink Swann & Company

Leerink Swann & Company is an investment banking firm that provides healthcare equity research, corporate finance, and asset management services for institutional and high-net-worth clients. Leerink Swann & Company was voted the Best Firm in Biotechnology, Medical Supplies and Devices, Pharmaceuticals/Major and Pharmaceuticals/Specialty in the December 2004 Institutional Investor poll ranking the best boutique and regional firms by sector. Through its consulting affiliate, MEDACorp, Leerink Swann & Company provides biomedical-consulting services to Life Sciences companies and to the institutional investment community. MEDACorp includes thousands of biomedical professionals and practicing physicians. Leerink Swann & Company is a member NASD/SIPC.

Contact Information

  • Contact:
    John I. Fitzgerald
    Leerink Swann & Company
    (617) 918-4564