Economic Development Agencies and Indiana Economic Development Corp. and Health Care Businesses and Government & Economic Development and Economic Development and Health Care & Life Sciences and Health Care & Insurance and Pharmaceutical

Express Scripts to add 182 pharmacy jobs by 2012

January 27, 2010

St. Louis-based Express Scripts Inc. plans to consolidate its specialty pharmaceutical operations in Indianapolis, which could bring 182 jobs to the city by the end of 2012, the company announced Wednesday afternoon.

The company will begin hiring additional pharmacy technicians next month to work at a facility located at the Indianapolis International Airport.

The specialty drug distribution facility was launched in 2007 by Indianapolis-based WellPoint Inc. to help manage the complex and the costly biotech drugs taken by some of its patients.

But, in December, Express Scripts acquired WellPoint’s pharmacy benefit subsidiary, called NextRx, for $4.7 billion.

About 400 workers at the Indianapolis airport facility became Express Scripts employees.

Express Scripts, which is the nation’s second-largest drug distribution firm behind Medco Health Solutions, will invest $5.17 million to expand its Indianapolis operations.

Indiana Economic Development Corp. offered Express Scripts up to $2.95 million in performance-based tax credits and up to $50,000 in training grants based on the company's job creation plans. Also, the city of Indianapolis will support additional property tax abatement at the request of Indianapolis Economic Development Inc.

"We certainly welcome the jobs Express Scripts has decided to locate in Indianapolis," said Indianapolis Mayor Greg Ballard in a prepared statement. "The decision to consolidate operations here is indicative that the benefits our city provides continue to make Indianapolis a strategic choice.”

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