On November 19, 2008, the Portland Press Herald reported that Intellicare Inc was being shut down by its parent company Medco Health Systems. “Most of IntelliCare’s 250 employees will lose their jobs,” the paper cited. One hundred of those employees work at the South Portland location and 250 work remotely.
Once labeled a fast growth company, the shutdown of Intellicare is expected to be complete by the end of February 2009.
Additional comment from Intellicare or Medco has not yet been provided to AnswerStat magazine; no information was found on either company’s Website.