Catalyst Announces Organizational Realignment; Executive Promotion
June 25 2010 - 9:00AM
Business Wire
Catalyst Health Solutions, Inc. (NASDAQ:CHSI), announces an
organizational realignment and executive promotion to support the
Company’s continued growth. Mr. Rick Bates, formerly Executive Vice
President, has been appointed to President and Chief Operating
Officer. Mr. Nick Grujich, formerly Executive Vice President and
Chief Operating Officer, has been named Executive Vice President,
Strategic Business Operations.
“Clearly we have been pleased with Catalyst’s rapid growth.
These key organizational changes position the Company to continue
its growth through product innovation, strategic acquisitions and
superior client services,” stated David T. Blair, Chief Executive
Officer of Catalyst.
As President and Chief Operating Officer, Mr. Bates will be
responsible for managing overall operations, driving client
retention, leading business development efforts, and delivering
innovative products and services. In his new position, Mr. Grujich
will lead the Company’s strategic operating business units and
drive product expansion through strategic acquisitions.
The organizational changes noted above are effective
immediately. “Catalyst already has a strong leadership team – and I
have great confidence that, in their new and expanded roles, Rick
and Nick will direct our organization to move quickly and
capitalize on the opportunities emerging from a rapidly changing
marketplace,” added Blair.
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.
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, 2009 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 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.
Catalyst Health Solutions, (MM) (NASDAQ:CHSI)
Historical Stock Chart
From May 2024 to Jun 2024
Catalyst Health Solutions, (MM) (NASDAQ:CHSI)
Historical Stock Chart
From Jun 2023 to Jun 2024