PBM Business definition

PBM Business means the Company’s operation of a pharmacy benefit management and discount card business.

PBM Business means the pharmacy benefit administration and management services business owned or operated by Sellers and the PBM Entity, Genplus Managed Care, Inc., and Eckerd Corporation Of Florida, Inc.

PBM Business means the pharmacy benefits management business operated by Seller and any of its Subsidiaries as of the date hereof.

Examples of PBM Business in a sentence

• The amounts below are not necessarily indicative of what the actual results would have been if the Pharmacy Services Asset Sale and the sale of the Home Health Business and the PBM Business were divested at the beginning of the period.

• Except as set forth in Section 2.02(r) of the Disclosure Schedule, each Insurance Policy relating to the PBM Business is valid, enforceable, existing and binding, and the premiums due thereon have been timely paid and there will be coverage thereunder after Closing in respect of acts and events occurring prior to Closing.

• Divestitures during this period include the Pharmacy Services Asset Sale in February 2012, the sale of the Home Health Business in March 2014, and the sale of the PBM Business in August 2015.

• The properties, assets, business, operations and employees of the PBM Business are covered by Insurance Policies that are commercially reasonable and cover the reasonably expected risks and contingencies and are on such terms and conditions as are consistent with industry practice.

• The rental charge payable by Purchaser to Seller will be an allocation of the rent and other amounts payable under the master lease to the landlord by Seller, which allocation will be based on the number of associates of the PBM Business employed at the Plano facility on the Closing Date as compared to the total number of Purchaser and Seller associates employed at the Plano facility on the Closing Date.

• For purposes of this Agreement, “Confidential Information” means any data or information, whether or not in writing, that is proprietary and valuable to the Company but solely related to the PBM Business and is not generally known by the public.

• These physical inventories will be in addition to Parent’s normal recurring physical inventories taken by the Inventory Firm which will include approximately ten percent (10%) of the Southern Stores per month and in addition include normal recurring physical inventories of the PBM Business, the Mail Order Business and the Specialty Pharmacy Business.

• Use by the public of the information contained in this Contract shall not be considered an act of the State.

• The Company shall be solely responsible for and shall pay all federal, state and local income taxes on the earnings from the operation of the PBM Business through the Effective Time.

• The Company owns, or leases under valid Leases, all assets necessary for the conduct of the PBM Business as presently conducted.

More Definitions of PBM Business

PBM Business means the pharmacy benefit management business of Parent, the Company and their respective Subsidiaries other than (i) any business replacing, after the date hereof, any pharmacy benefit management services currently provided to customers of Parent and its Subsidiaries by third parties as of the date hereof or (ii) business existing at the time of Closing, acquired or developed as part of Parent's preexisting pharmacy benefit management business.

PBM Business means the pharmacy benefits management business operated by Seller and any of its Subsidiaries as of the date hereof. “PBM Contract” shall have the meaning set forth in the Recitals.