Catalyst Health Solutions Announces Analyst Day and Celebrates Ten Years on NASDAQ
December 11 2009 - 9:39AM
Business Wire
Catalyst Health Solutions, Inc. (NASDAQ: CHSI) announced today
that Chief Executive Officer David Blair and other Catalyst
executives will provide an overview of the Company’s growth
strategy, financial results and business outlook at NASDAQ’s
headquarters on Wednesday, December 16, 2009. In addition, the
Company will ring the opening bell honoring its ten year
anniversary on the NASDAQ stock exchange.
Since its initial public offering ten years ago, Catalyst
has grown revenues from $5 million in 1999 to approximately $3.0
billion in 2009. The Company’s market capitalization has multiplied
750% from approximately $200 million in 1999 to over $1.5 billion
today.
“All of us at Catalyst are pleased with the impressive results
we’ve delivered to our shareholders over the past ten years and we
thank NASDAQ for the opportunity to recognize these
accomplishments,” said Blair.
“This year is shaping up to be another superb year as we expect
earnings growth of 25% to 30% over last year,” added Blair. In
2009, Catalyst Rx, its pharmacy benefit management subsidiary
secured over $500 million in new sales growth, won its second
consecutive Rx Benefit Innovation Award from the Pharmacy Benefit
Management Institute, and maintained its industry-leading client
retention rate of more than 98 percent. Catalyst also earned a spot
on the Fortune 100 Fastest-Growing Companies List for the second
consecutive year.
For more information about the Analyst Day event please
e-mail Lynn Tipton at ltipton@catalystrx.com. Presentations
from the Analyst Day will be available on the Company’s
website.
About Catalyst Health Solutions, Inc.
(www.chsi.com):
Catalyst Health Solutions, Inc. 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
serving more than 6 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 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.
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