Catalyst Health Solutions Named Again to Washington Business Journal's "50 Fastest Growing Companies" List
October 03 2008 - 3:24PM
Business Wire
Catalyst Health Solutions, Inc. (NASDAQ:CHSI) (formerly
HealthExtras, Inc.), a leading manager of prescription drug
benefits, was named for the second consecutive year by the
Washington Business Journal as one of the fastest growing companies
in the greater Washington, D.C. area. The Company ranked 15th with
average annual revenue growth in 2005-2007 of 64.6%. Catalyst
Health Solutions, Inc. received the honor at an evening awards
reception held October 2, 2008 at the National Press Club in
Washington, D.C. The fastest growing companies are also profiled in
the October 3rd edition of the Washington Business Journal. �We are
honored to be recognized as one of Washington Business Journal�s 50
Fastest Growing Companies for the second year in a row," said David
T. Blair, Chief Executive Officer of Catalyst Health Solutions. �We
have experienced well-managed growth attributable to both strategic
acquisitions and new sales.� Companies were selected based upon a
three-year revenue-growth percentage. In addition to high growth
rates, companies must have had 2005 revenue of more than $2 million
and 2007 revenue of more than $10 million in order to be eligible.
Participants in the survey were based in the metropolitan
Washington, D.C. region. About Catalyst Health Solutions, Inc.
Catalyst Health Solutions, Inc. (formerly HealthExtras, Inc.) is
built on strong, innovative principles in the management of
prescription drug benefits and provides an unbiased,
client-centered philosophy resulting in a year-over-year client
retention rate of more than 98%. The Company�s subsidiaries include
Catalyst Rx, a full-service pharmacy benefit manager serving more
than five million lives in the United States and Puerto Rico;
HospiScript Services, LLC, one of the largest providers of pharmacy
benefit management services to the hospice industry; and Immediate
Pharmaceutical Services, Inc., a fully-integrated prescription mail
service facility based out of 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. This press release may
contain forward-looking statements within the meaning of Section
21E of the Securities Exchange Act of 1934. These forward-looking
statements involve a number of risks and uncertainties. Factors
that we have identified that might materially affect our results
are discussed in our Annual Report on Form 10-K for the year ended
December 31, 2007 under "Item 1.A Risk Factors." Readers are urged
to carefully review and consider the various disclosures made in
our Annual Report on Form 10-K 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.
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