Catalyst Health Solutions to Offer Prescription Drug Discounts to AARP Members
February 13 2012 - 9:00AM
Business Wire
Catalyst Health Solutions, Inc., (NASDAQ: CHSI) today announced
that AARP has selected Catalyst Rx as its new member benefit
provider, responsible for providing millions of AARP members with
access to discounts on their prescriptions.
“Making prescription discounts available to our members is
important to AARP and, as a result, it was key that we find a
best-in-class provider to manage this very important program,” said
David Mathis, SVP, Health Products & Services for AARP
Services, Inc.
“Catalyst has built a strong reputation through their continued
product innovations and strong track record of service
excellence.”
Beginning April 1, AARP® Prescription Discounts, provided by
Catalyst Rx, will be an automatic member benefit offered to all
AARP members as part of their membership. This will enable all AARP
members to take advantage of exclusive discounts on all
FDA-approved prescription medications and specialty drugs at more
than 55,000 participating retail pharmacies and via mail order.
“It’s an honor to have been selected by AARP to provide this
critically important discount program,” said Rick Bates, President
and Chief Operating Officer of Catalyst Health Solutions. “It's
exciting to align with a world-class organization like AARP to
deliver consumer solutions that can make a difference to so many
people.”
About Catalyst Health Solutions, Inc.
(www.chsi.com):
Catalyst Health Solutions, Inc., the fastest growing national
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 (PBM) serving more than 18
million lives in the United States and Puerto Rico; HospiScript
Services, LLC, one of the largest providers of PBM services to the
hospice industry; FutureScripts, LLC, a full-service PBM serving
approximately one million lives in the mid-Atlantic region; and a
fully integrated prescription mail service facility. The Company's
clients include self-insured employers, including state and local
governments, managed care organizations, unions, hospices,
third-party administrators and individuals.
About AARP
AARP is a nonprofit, nonpartisan organization with a membership
that helps people 50+ have independence, choice and control in ways
that are beneficial and affordable to them and society as a whole.
AARP does not endorse candidates for public office or make
contributions to either political campaigns or candidates. We
produce AARP The Magazine, the definitive voice for 50+ Americans
and the world's largest-circulation magazine with over 35.1 million
readers; AARP Bulletin, the go-to news source for AARP's millions
of members and Americans 50+; AARP VIVA, the only bilingual U.S.
publication dedicated exclusively to the 50+ Hispanic community;
and our website, AARP.org. AARP Foundation is an affiliated charity
that provides security, protection, and empowerment to older
persons in need with support from thousands of volunteers, donors,
and sponsors. We have staffed offices in all 50 states, the
District of Columbia, Puerto Rico, and the U.S. Virgin Islands.
About AARP Services, Inc.
AARP Services, Inc., founded in 1999, is a wholly-owned taxable
subsidiary of AARP. AARP Services manages the provider
relationships for and performs quality control oversight of the
wide range of products and services that carry the AARP name and
are made available by independent providers as benefits to AARP’s
millions of members. The provider offers currently span health
products, financial products, travel and leisure products, and life
event services. Specific products include Medicare supplemental
insurance; credit cards, auto and home, mobile home and motorcycle
insurance, life insurance and annuities; member discounts on rental
cars, cruises, vacation packages and lodging; special offers on
technology and gifts; pharmacy services; legal services; and long
term care insurance. AARP Services also engages in new product
development activities for AARP and provides certain consulting
services to outside companies.
Forward-Looking Statements
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, 2010, and in our Quarterly Report on Form 10-Q for the
quarter ended September 30, 2011, 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, our Forms 10-Q,
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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