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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.

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Presentation on theme: "Medco is a registered trademark of Medco Health Solutions, Inc. © 2005 Medco Health Solutions, Inc. All rights reserved. Why the World’s Largest Automated."— Presentation transcript:

1 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.

2 © 2005 Medco Health Solutions, Inc. All rights reserved. 2

3 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

4 © 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

5 © 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…

6 © 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

7 © 2005 Medco Health Solutions, Inc. All rights reserved. 7 Professional Demographics

8 © 2005 Medco Health Solutions, Inc. All rights reserved. 8 Support Demographics


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