Catalyst Health Solutions Makes Fortune 100 Fastest-Growing Companies List for Third Consecutive Year
August 20 2010 - 9:00AM
Business Wire
Catalyst Health Solutions, Inc., (NASDAQ: CHSI), announced today
that it was named to the 2010 Fortune 100 Fastest-Growing Companies
List. Catalyst has achieved this recognition for three consecutive
years and four times in six years. The Company was also named on
Fortune’s Fastest-Growing All-Stars List.
“Catalyst is proud to have made the Fortune 100 Fastest-Growing
Companies List again,” said David T. Blair, Chief Executive Officer
of Catalyst. “To be one of the global growth leaders is a testament
to our employees’ dedication and our proven approach to effectively
managing pharmacy costs.”
According to Fortune, the 100 Fastest-Growing Companies list was
determined by using the following criteria: A company -- domestic
or foreign -- must be trading on a major U.S. stock exchange;
report data in U.S. dollars; file quarterly reports with the SEC;
have a minimum market capitalization of $250 million and stock
price of at least $5 on June 30, 2010; and have been trading
continuously since June 30, 2007. Companies must have revenue and
net income of at least $50 million and $10 million respectively for
the four quarters ended on or before April 30, 2010, and have
posted annualized growth in revenue and earnings per share of at
least 15% annually over the three years ended on or before April
30, 2010.
Companies that meet these criteria are ranked by revenue growth
rate, EPS growth rate, and three-year annualized total return for
the period ended June 30, 2010. The overall rank is based on the
sum of the three ranks. Once the 100 companies are identified, they
are then re-ranked within the 100, using the three equally weighted
variables. If there is a tie, the company with the larger
four-quarter revenue receives the higher rank.
The Fortune 100 Fastest-Growing Companies List is available
online at www.fortune.com.
About Catalyst Health Solutions, Inc.
(www.chsi.com)
Catalyst Health Solutions, Inc., the fourth largest publicly
traded 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 serving more than 7
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, state and local governments, managed care
organizations, unions, hospices, third-party administrators and
individuals. Additional information about Catalyst Health Solutions
can be found at www.chsi.com.
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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