Healthcare >> Analyst Interviews >> February 25, 2002

Pharmacy Benefit Managers: Eric Veiel – Deutsche Bank Alex. Brown Inc

ERIC VEIEL joined Wachovia in June 2003 and is currently a Senior Analyst covering the managed care sector. Prior to joining Wachovia, Mr. Veiel was a Senior Analyst for Deutsche Bank Securities and before that A.G. Edwards & Sons where he covered managed care, pharmacy benefit management, specialty distribution, and other healthcare services companies. Before his career in investment research, he worked for the Centers for Medicare and Medicaid Services where he specialized in audit and compliance of Medicare HMO contracts. Mr. Veiel earned a Master of Business Administration degree from the John M. Olin School of Business at Washington University where he was named a Charles F. Knight Scholar as one of the top 10 MBA graduates. Mr. Veiel also earned a Bachelor of Business Administration degree from James Madison University where he graduated magna cum laude, with distinction from the Honors Program. Mr. Veiel has published articles in academic and trade journals including The Journal of Ambulatory Care Management and The Health Care Financing Review and been a guest on several television programs including CNBC and Nightly Business Review. He was named Best on the Street in 2002 for his stock picking by the Wall Street Journal. In June 2003, Mr. Veiel was named one of Wall Street's Top Analysts by Bloomberg Markets Magazine. Profile
TWST: To what extent has Merck's recent announcement of the planned

spin-off of Medco, its pharmacy benefit management business, increased

the overall visibility of this sector of the healthcare