CVS Caremark Appoints Kevin Murphy President of Accordant Business

Thursday, November 17, 2011

Experienced Health Care Leader joins company from Mercer

WOONSOCKET, R.I., Nov. 17, 2011 /PRNewswire/ -- CVS Caremark (NYSE: CVS) today announced the appointment of Kevin Murphy to the position of President for Accordant Health Services, a CVS Caremark company that provides disease management and case management services for people with rare chronic conditions.  Murphy is charged with integrating the company's leading rare disease management programs with its specialty pharmacy programs and new focus on medical pharmacy management.

Murphy brings more than twenty years of experience in marketing, strategy and product development to CVS Caremark. He joined the company from Mercer where he was a Partner in the Human Resource Consulting practice. Previously, Murphy led the Market, Strategy and Development organization of Accredo, Medco's specialty pharmacy division.  While at Medco, as well as in a previous position with Physicians Health Services (PHS), Murphy held various leadership roles in sales, marketing, and product development.

"Kevin Murphy's in-depth experience in specialty pharmacy, knowledge of the industry and strong client management background make him uniquely qualified to lead the Accordant business," commented Troyen A. Brennan, MD, MPH, executive vice president, Chief Medical Officer of CVS Caremark.  "His expertise will enable us to further enhance our offerings focused on disease management for complex chronic diseases and identify innovative approaches to help these patients on their path to better health."

Murphy holds a bachelor's degree in Management from the University of Rhode Island and a master's in Finance from Fairfield University.

About CVS Caremark

CVS Caremark is the largest pharmacy health care provider in the United States with integrated offerings across the entire spectrum of pharmacy care. We are uniquely positioned to engage plan members in behaviors that improve their health and to lower overall health care costs for health plans, plan sponsors and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of approximately 65,000 pharmacies, including more than 7,300 CVS/pharmacy® stores that provide unparalleled service and capabilities. Our clinical offerings include our signature Pharmacy Advisor™ program as well as innovative generic step therapy and genetic benefit management programs that promote more cost effective and healthier behaviors and improve health care outcomes. General information about CVS Caremark is available through the Company's website at http://info.cvscaremark.com/.

Media Contact:
Christine Cramer
CVS Caremark
(401) 770-3317
christine.cramer@cvscaremark.com

SOURCE CVS Caremark