Michigan Public School Retirees to Continue Receiving Prescription Drug Benefits from Catalyst Health Solutions

Catalyst Health Solutions, Inc., (NASDAQ: CHSI) today announced that Michigan’s Office of Retirement Services has extended the pharmacy benefits management contract between the Michigan Public School Employees Retirement System (MPSERS) and Catalyst Rx through 2013. As a result of this contract extension, almost 200,000 Michigan retirees will continue to receive prescription drug benefits from one of the country’s top PBMs.

“Maintaining the high quality benefits that our retirees have come to expect is critically important to MPSERS,” said Philip Stoddard, Director of the Michigan Office of Retirement Services. “With their strong local presence and commitment to building tailored solutions that contain costs without compromising quality, Catalyst has proven to be a key partner as we serve retirees throughout the state.”

In 2010, Catalyst was recognized by Fortune Magazine as one of the top five “Most Admired Companies” in the Health Care: Pharmacy and Other Services industry and has been included on their “Top 100 Fastest Growing Companies” list on four different occasions. By closely partnering with their clients to understand their unique needs and then delivering innovative, industry-leading products and services that take a holistic approach to driving improved outcomes and overall cost savings, Catalyst has long-maintained a year-over-year client retention rate of more than 98%.

“We view each contract as an expression of a client’s confidence in Catalyst,” said Rick Bates, President and Chief Operating Officer of Catalyst Health Solutions. “By understanding the specific needs of our clients and translating those needs into programs and services that deliver a positive, meaningful impact on the plans and members that we serve, we continue to set ourselves apart from the competition.”

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.

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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