Caremark Rx Inc. has invested $5 million in Vidalink, Sao Paulo, Brazil.[@@]

Caremark, Nashville, Tenn., is a large U.S. pharmacy benefits manager, and Vidalink is one of the largest PBMs in South America. Vidalink has contracts with 1,600 pharmacies in 17 of Brazil’s 26 states.

In addition to investing in Vidalink, Caremark says it will be helping Vidalink to develop new services for clients in Brazil and working with Vidalink to improve service to U.S. companies with operations in Brazil.