AdvancePCS

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AdvancePCS Inc. (Pharmaceutical Card System) was a large prescription benefit plan administrator from the United States, also known as a PBM (Pharmacy Benefit Manager).

The company was partially purchased by McKesson in 1969 and fully in 1972. In 1994, the company was sold to Lilly for $4.4 billion.{{Cite web|url=https://www.thestreet.com/investing/stocks/caremark-sags-advancepcs-soars-on-news-of-union-10111560|title=Caremark Sags, AdvancePCS Soars on News of Union|last=Steyer|first=Robert|website=TheStreet|date=3 September 2003 |language=en-us|access-date=2020-01-22}} Rite Aid purchased AdvancePCS for $1.5 billion in 1999, but sold to Advance Paradigm a year later for $1 billion. In 2003, Caremark bought AdvancePCS for $5.3 billion, and CVS acquired Caremark in 2007 in a $26.5 billion deal.[https://litigation-essentials.lexisnexis.com/webcd/app?action=DocumentDisplay&crawlid=1&doctype=cite&docid=42+St.+Louis+L.J.+1&srctype=smi&srcid=3B15&key=e7650afe260ff7baee2d422d53abc88f Symposium: The Changing Face Of Pharmacy Benefits Management: Information Technology Pursues A Grand Mission]. Litigation-essentials.lexisnexis.com. Retrieved on 2013-09-05.