Catalyst Health 1Q earnings fall 5 percent

BY: Associated Press
POSTED: May 3, 2012
Tags: Catalyst Health Solutions, costs, earnings, expenses, pharmacy benefits managers, revenue, stock, SXC Health Solutions Corp., walgreen

ROCKVILLE — Pharmacy benefits manager Catalyst Health Solutions Inc.’s first-quarter earnings fell 5 percent as costs related to an acquisition and infrastructure improvements soared. The Rockville company, which is being acquired by SXC Health Solutions Corp., earned $19.2 million, or 39 cents per share, in the three months that ended March 31. That compares with [...]

Agreement allows Catalyst to expand into Northwest

BY: Daily Record Staff
POSTED: March 20, 2012
Tags: blue cross blue shield, Catalyst Health Solutions, medicaid, operational functions, pharmacy benefit management services, regence rx inc.

Catalyst Health Solutions Inc., of Rockville, a provider of pharmacy benefit management services, and Regence Rx Inc., of Portland, Ore., announced a five-and-a-half-year agreement, effective May 1, under which Catalyst will assume many of Regence’s administrative duties. Under the agreement, Regence Rx will transfer certain employees and operational functions to Catalyst. Catalyst will pay Regence [...]

Catalyst shares soar 18% on Walgreen deal

BY: Associated Press
POSTED: March 9, 2011
Tags: Caremark, Catalyst Health Solutions, cvs caremark corp., PBM, pharmacy benefits manager, Walgreen Co.

Walgreen Co. said Wednesday it is leaving the pharmacy benefits management business, selling that operation to Catalyst Health Solutions Inc. for $525 million in cash and freeing it to focus on its drugstore network, the largest in the United States. The news sent the Rockville-based company’s shares soaring more than 18 percent. The companies expect [...]