Walgreens reaches multi-year pharmacy network agreement with Express Scripts

Walgreens and Express Scripts (ESI) have finally come to terms on a new pharmacy network agreement that includes rates and terms under which Walgreens will serve ESI’s new and existing clients. The terms of the new contract were not disclosed, according to a Walgreens statement.

Walgreens will be part of the broadest network of pharmacies available to ESI clients, beginning September 15, 2012. ESI will ensure that there is a smooth transition for the plan sponsors that want to include Walgreens pharmacies in their networks.

“I am pleased that Walgreens and Express Scripts have been able to reach an agreement that works for both parties and is consistent with our company’s principles. This agreement is good for our shareholders, our employees, and the patients and communities we serve every day,” said Greg Wasson, president and CEO of Walgreens, in a press statement.

This agreement was reached following a year-long dispute over contract negotiations between the pharmacy benefit manager, ESI, and the largest drugstore chain in the United States.

With the new pharmacy network agreement with Walgreens, ESI’s network now offers more than 64,000 pharmacies nationwide, providing a broad range of pharmacy care options.

“This is good news for the consumer,” said Philip P. Burgess, RPh, DPh, MBA, principal of Philip Burgess Consulting in Chicago, Ill., and Drug Topics editorial advisor. “Increased access to necessary medications results in improved healthcare. This is a win-win for patients across America.”