Operating as a separate company backed by New York Life and run by Toan, Express Scripts rapidly turned profitable and began to expand, selling its services mostly to employee health plans.
Operating as a separate company with Toan in charge and backing from New York Life, Express Scripts rapidly turned profitable and began to expand, selling its services mostly to employee health plans and other small groups.
In 1991, American Express was suffering from the results of a failed attempt to expand into a full-fledged financial services conglomerate and needed cash.