Health care giant CVS Caremark Corp. is set to open on Tuesday a $67 million pharmacy distribution center in Mount Prospect that will serve its growing mail-service business.
The 150,000 square-foot center is expected to employ about 400 by the end of the year, including pharmacists and pharmacy technicians, who will fill prescripts for the company’s roughly 60 million pharmacy benefit management customers who receive prescription drugs via mail order.
Highly automated, the facility has the capacity to fill 50 million prescriptions a year, the company said.
In addition to its retail pharmacies, Woonsocket, R.I.-based CVS also operates a pharmacy benefit management business, or PBM, which negotiates rates with drugmakers and pharmacies on behalf of employers and health plans to lower prescription drug costs.
CVS received no government incentives to build the center, which is near Elmhurst and Algonquin Roads, a spokeswoman said.
Gov. Pat Quinn and CVS Caremark Chief Executive Larry Merlo are scheduled to speak at a morning ribbon-cutting.
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