Catalyst Health Solutions and WellCare to Continue Relationship
February 21 2012 - 8:00PM
Business Wire
Catalyst Health Solutions, Inc., (NASDAQ: CHSI) today announced
that WellCare Health Plans, Inc. (NYSE: WCG), a leading provider of
managed care services to government-sponsored health care programs,
will continue its relationship with Catalyst Rx for certain
pharmacy benefits services.
“We are excited to extend our relationship with WellCare,” said
Rick Bates, president and chief operating officer of Catalyst
Health Solutions. “This renewal reinforces the value that Catalyst
brings to the plans and members we serve and the success we are
having in differentiating ourselves from the competition.”
“WellCare is pleased to continue to work with Catalyst Rx,” said
Walt Cooper, WellCare’s chief administrative officer. “Catalyst
Rx’s pharmacy capabilities efficiently and effectively support
WellCare’s service to our members and government customers.”
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 clients to understand their unique needs
and then delivering innovative, industry-leading products and
services, Catalyst has maintained a strong record of client
retention.
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 WellCare Health Plans, Inc.
WellCare Health Plans, Inc. provides managed care services
targeted to government-sponsored health care programs, focusing on
Medicaid and Medicare. Headquartered in Tampa, Florida, WellCare
offers a variety of health plans for families, children, and the
aged, blind, and disabled, as well as prescription drug plans. The
company served approximately 2.6 million members nationwide as of
December 31, 2011. For more information about WellCare, please
visit the company's website at www.wellcare.com.
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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