Catalyst Rx, the pharmacy benefit management (PBM) subsidiary of
Catalyst Health Solutions, Inc. (NASDAQ: CHSI), today announced the
award of a new service contract with the State of Nevada Public
Employees’ Benefits Program (PEBP), following the State’s competitive
The new contract, covering 42,000 participants, is effective July 1,
2011 through June 31, 2015, with an optional one-year extension.
Catalyst Rx first began administering pharmacy benefits for PEBP on
January 1, 2002. During that time, Catalyst Rx provided the State with a
fully transparent pricing model and unbiased trend management solutions
focused on improving quality outcomes while reducing costs for consumers
“Catalyst Rx has enjoyed a strong partnership with the State of Nevada
for the past nine years and we are pleased to have the opportunity to
continue to serve its participants,” said David T. Blair, Chief
Executive Officer of Catalyst. “We remain firmly committed to building
on our collaborative partnership and driving continued care- and
cost-effective solutions for the State.”
About Catalyst Health Solutions, Inc.
Catalyst Health Solutions, Inc., the fastest growing national PBM in the
U.S., is built on strong, innovative principles in the management of
prescription drug benefits and provides an unbiased, client-centered
philosophy resulting in industry-leading client retention rates. The
Company's subsidiaries include Catalyst Rx, a full-service pharmacy
benefit manager (PBM) serving more than 7 million lives in the United
States and Puerto Rico; HospiScript Services, LLC, one of the largest
providers of PBM services to the hospice industry; FutureScripts, LLC, a
full-service PBM serving approximately one million lives in the
mid-Atlantic region, and Immediate Pharmaceutical Services, Inc., a
fully integrated prescription mail service facility in Avon Lake, Ohio.
The Company's clients include self-insured employers, including state
and local governments, managed care organizations, unions, hospices,
third-party administrators and individuals.
Forward Looking Statements
This press release may contain “forward-looking statements” as defined
in the Private Securities Litigation Reform Act of 1995. These
statements involve a number of risks and uncertainties that might
materially affect our results, particularly those risks referred to in
our Annual Report on Form 10-K for the year ended December 31, 2010, and
in our Quarterly Report on Form 10-Q for the quarter ended March 31,
2011, under “Item 1A. Risk Factors.” Readers are urged to carefully
review and consider the various disclosures made in our Annual Report on
Form 10-K, our Forms 10-Q, and our other filings with the Securities and
Exchange Commission that attempt to advise interested parties of the
risks and uncertainties that may affect our business. Catalyst Health
Solutions, Inc. does not undertake any obligation to update
forward-looking statements, whether as a result of new information,
future events, or other developments.
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Wednesday, September 21, 2011
Marriott Marquis, New York
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