Catalyst Rx Announces PBM Award by Delhaize America
July 14 2010 - 9:00AM
Business Wire
Catalyst Rx, the pharmacy benefit management (PBM) subsidiary of
Catalyst Health Solutions, Inc. (NASDAQ: CHSI), announced the award
of a three-year PBM contract with Delhaize America, one of the
leading supermarket operators, including the brands Food Lion and
Hannaford Bros. Co. Under the terms of the contract, Catalyst will
continue to manage pharmacy benefits for Food Lion’s 55,000 members
and on January 1, 2011, will begin administering pharmacy benefits
for Hannaford Bros. Co.’s 20,000 members.
“We look forward to continuing our relationship with Catalyst
and working with them to implement flexible solutions that make the
most sense for Delhaize and our associates,” stated Joanne Abate,
Director of Health and Wellness Strategy, Delhaize America. "We are
pleased to continue providing pharmacy management services to
Delhaize America and appreciate their confidence in Catalyst. We
look forward to extending our services to the Hannaford Bros.
associates in January," added David T. Blair, Chief Executive
Officer of Catalyst Health Solutions.
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.
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