Catalyst Health Solutions Chooses Equinix to Enable Growth
June 01 2011 - 8:00AM
Business Wire
Equinix, Inc. (Nasdaq: EQIX), a provider of global data center
services, today announced that Catalyst Health Solutions, Inc.
(Nasdaq: CHSI), the fastest growing national pharmacy benefit
management (PBM) services company in the U.S., has selected Equinix
to host critical business functions, including claims processing
and data warehousing. Catalyst will deploy dual sites on
different power grids at undisclosed Equinix International Business
Exchange (IBX) data centers. Catalyst chose Platform Equinix for
its flexibility, scalability and compliance, as the company expands
its infrastructure.
For healthcare administration and PBM services companies like
Catalyst, Equinix’s industry leading operating procedures, with
strict adherence to security and audit standards, enables companies
to meet their federal and state health regulatory requirements,
including HIPAA, HITECH, and other similar regulations. Further,
Platform Equinix allows PBM services customers to tap into a
growing ecosystem of partners and networks to quickly grow
operations across a global footprint.
Catalyst has distinguished itself from other PBMs by garnering
some of the highest customer satisfaction ratings for its service
and performance. By enhancing application performance and fostering
compliance with regulations, Platform Equinix will further support
Catalyst’s ability to provide the highest level of customer
satisfaction for its millions of members.
“Customer satisfaction is the key to making Catalyst one of the
fasting growing companies in the U.S. and a leader in the PBM
services market,” said Michael Forbes, chief information officer of
Catalyst. “Our decision to work with Equinix expands our
capabilities and scalability, allowing Catalyst to maintain its
leadership position while supporting our growth and client-focused
initiatives.”
“For the healthcare industry, security and compliance cannot
come at the expense of customer service,” said Greg Adgate, general
manager, Global Enterprise Vertical, Equinix. “We are helping
Catalyst scale their business, and because of the rich healthcare
ecosystem present on Platform Equinix, they will have the
opportunity to penetrate new markets and gain competitive
advantages in the PBM market.”
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.
About Equinix
Equinix, Inc. (Nasdaq: EQIX) connects businesses with partners
and customers around the world through a global platform of high
performance data centers, containing dynamic ecosystems and the
broadest choice of networks. More than 3,350 enterprises, cloud,
digital content and financial companies connect to more than 650
network service providers and rely on Platform Equinix to grow
their business, improve application performance and protect their
vital digital assets. Equinix operates in 37 strategic markets
across the Americas, EMEA and Asia-Pacific and continually invests
in expanding its platform to power customer growth.
http://www.equinix.com
Forward Looking Statements
This press release contains forward-looking statements that
involve risks and uncertainties. Actual results may differ
materially from expectations discussed in such forward-looking
statements. Factors that might cause such differences include, but
are not limited to, the challenges of acquiring, operating and
constructing IBX centers and developing, deploying and delivering
Equinix services; unanticipated costs or difficulties relating to
the integration of companies we have acquired or will acquire into
Equinix; a failure to receive significant revenue from customers in
recently built out or acquired data centers; failure to complete
any financing arrangements contemplated from time to time;
competition from existing and new competitors; the ability to
generate sufficient cash flow or otherwise obtain funds to repay
new or outstanding indebtedness; the loss or decline in business
from our key customers; and other risks described from time to time
in Equinix’s filings with the Securities and Exchange Commission.
In particular, see Equinix’s recent quarterly and annual reports
filed with the Securities and Exchange Commission, copies of which
are available upon request from Equinix. Equinix does not assume
any obligation to update the forward-looking information contained
in this press release.
Equinix and IBX are registered trademarks of Equinix, Inc.
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