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Medco is a registered trademark of Medco Health Solutions, Inc. © 2005 Medco Health Solutions, Inc. All rights reserved. Why the World’s Largest Automated Pharmacy Picked Indianapolis Jeff Tyler Senior Director, Corporate Real Estate Medco Health Solutions, Inc.
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© 2005 Medco Health Solutions, Inc. All rights reserved. 2
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3 The Road To Indy… Starting with “lessons learned” from our second automated pharmacy project in 2003… Identified 200 areas for improvement for the Infrastructure Team Corporate Real Estate enhanced our search ability Partnerships with key stakeholders –Logistics, Regulatory, Tax, Human Resources, Safety, Security, Finance, Public Relations, Facilities & Engineering –CBRE Site Selection/Incentives Consultant Established State/City Section Matrices for rapid action Detailed Selection Criteria are constantly refined and updated 80 city search begun 2Q 2007
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© 2005 Medco Health Solutions, Inc. All rights reserved. 4 Correlation to the where our members are… Based on Rx Distribution by State, to current mail members “Sweet Spot” 43.7% of Mail Volume IL, IN, KY, MI, MO, NY, OH, PA, WI 5 Shortlist Cities Cost Factors Shipping/Logistics Corp Income Tax Rph/Tech Labor Workers Comp Quality Factors Destination Appeal Regulatory Environ Labor Quality/Avail Operating Environ Chicago Cincinnati Dallas Indianapolis Louisville
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© 2005 Medco Health Solutions, Inc. All rights reserved. 5 Toured 5 Cities & 77 Sites #1 in annual cost savings #1 in labor availability, quality workforce and affordable wages Two pharmacy schools = great pipeline (more Indiana grads than available Rph jobs) Temp-to-perm hiring is norm for distribution labor Highly motivated local and state governments Most helpful and effective economic development staff Most impressive effort by Governor and staff Favorable regulatory environment, motivated Board of Pharmacy BOP executive director part of state team & actively engaged from the start BOP very accessible (their offices are right in town) Excellent real estate options Many viable build-to-suit Sites 3 out of 4 Shortlisted Sites very close in cost Indianapolis, IN is the clear choice…
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© 2005 Medco Health Solutions, Inc. All rights reserved. 6 Part of new 1,709 acre planned community AllPoints at Anson - 22 Minutes south to Airport - 25 Minutes south to Downtown - 35 Minutes north to Purdue Univ. - New residential & commercial center - New roads, infrastructure, retail, parks - Future hotels, fire/rescue, medical on site
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© 2005 Medco Health Solutions, Inc. All rights reserved. 7 Professional Demographics
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© 2005 Medco Health Solutions, Inc. All rights reserved. 8 Support Demographics
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