University of Missouri-St. Louis campus selected as model for public/private initiatives

St. Louis-based Express Scripts, one of the nation’s leading managers of pharmacy benefit plans, is building a new $50 million, 320,000-squre-foot headquarters on the University of Missouri-St. Louis (UMSL) campus. The company chose the site after evaluation several locations across the country.

When it is completed in 2007, the new headquarters will house 1,100 employees. Express Scripts will be the highest-ranking Fortune 500 company with its corporate headquarters on a university campus.

“We envision a flourishing collaboration that will serve as a model for public/private initiatives throughout the United States,” said George Paz, president and chief executive officer of Express Scripts.

Added UMSL Chancellor Thomas F. George, “Express Scripts is the type of company we had in mind when we began developing our business, technology and research park. It’s a growing company whose need meld with our academic strengths and diverse connections to the region.”