Express Scripts Inc. plans to lay off 84 employees at its Port St. Lucie, Fla.-based Liberty Medical Supply Inc.
The employees were notified of the layoffs last week, said Brian Henry, vice president of corporate communications at Express Scripts.
Express Scripts officials said Aug. 10 that the company intends to find a buyer for the diabetic testing supply and related businesses under its Liberty brand and certain business units operated under its United BioSource Corp. subsidiary. It still plans to do so, Henry said.
In 2010, United BioSource Corp. was acquired by Franklin Lakes, N.J.-based Medco Health Solutions Inc., which Express Scripts Inc. acquired in April for $29.1 billion.
Henry said Express Scripts plans to hire 200 people to staff its call center in Port St. Lucie, Fla., one of several of its call centers throughout the country.
Liberty Medical, which supplies diabetes equipment, has more than 2,000 employees at its Port St. Lucie locations and has hired 500 employees this year, the TCPalm reports.
Express Scripts Holding Co. (NASDAQ: ESXR) reported net income of $170.9 million in its second quarter ended June 30, down 49 percent from the same quarter of 2011, mostly on expenses associated with its acquisition of Medco. The company’s revenue in the second quarter was $27.7 billion, a 144 percent increase from the same quarter a year ago.
The St. Louis-based pharmacy benefit manager, led by CEO George Paz, has 13,000 employees and reported revenue of $46.1 billion in 2011.
via Express Scripts to lay off 84 at Liberty Medical Supply in Fla. – St. Louis Business Journal.