CVS Caremark snagged a multibillion-dollar contract to provide mail-order pharmacy and other services to over five million U.S. federal employees, retirees and dependents. The company bested Medco
Health Solutions in the deal. The three-year deal boosts CVS's pharmacy benefits management business. Medco currently provides the mail order services until its deal with the Federal Employee Program
ends this year. The company said sour grapes: the contract only generates $3 billion annually, about 4.5% of its yearly revenue.
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