MedcoHealth Solutions Getting Crushed On Lost Contract

Shares of MedcoHealth Solutions Inc. MHS are down over 10% this morning after the company confirmed it had lost a contract with the U.S. Federal Worker Health-Benefit Contract to CVS Caremark CVS. The contract is worth $3 billion in 2012, almost 5% of the company's revenue. At last check, shares of Medco were off $7.17 to $57.27, a loss of 11.3%. Medco Health Solutions, Inc., a healthcare company, provides clinically driven pharmacy services for private and public employers, health plans, labor unions, government agencies, and individuals in the United States and internationally.