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01-05-2017, 06:49 AM
Catalyst Health Solutions $525 trillion acquisition of a Walgreens subsidiary is predicted to more than double the Rockville drugstore benefits management company regular membership and prescription volume.
Catalyst purchase of Walgreens Health Initiatives through the national drugstore chain will probably close by July, Catalyst authorities said in a statement.
[sale] improved upon our purchasing economics [and] the idea expands our ability to key in new markets, Blair said. The sale also will improve some of Catalyst strategic assets, including technology, data reporting and stats.
Catalyst profit last year became to $81.0 million by $65.2 million in 2009. Revenues rose to $3.76 billion coming from $2.89 billion. The company delivers pharmacy benefits management companies for self insured employer groups, state and local governments, monitored care organizations and individuals.
It is clients include Cracker Bat berrel restaurants, the University of Virginia and state governments connected with Louisiana, Mississippi and Nv.
As a result of the Walgreens deal, Switch expects its pharmacy advantages management membership to increase coming from 7 million to more than 18 million and its annual doctor prescribed volume to increase from Eighty million to more than A hundred sixty five million.
takes Catalyst to another level, Blair said. is a sizeable accomplishment that expands our growth profile and will gain both parties. also operates several subsidiaries, including Catalyst Rx and HospiScript Expert services, which provides pharmacy benefit supervision services to the hospice field, plus Immediate Pharmaceutical Companies of Avon Lake, Ohio, which supplies prescription mail services.
This Walgreens acquisition means a step way up for Catalyst and is a crucial addition to its overall business, said Lawrence Marsh, managing director at Barclays Money in New York.
merger also provides an opportunity for a better deal upon prescription drugs, he said.
Howard Schiff, executive overseer of the Maryland Pharmacists Connections, Barbour Uk (http://www.barbouruk.nu/) said Thursday that he is urged by the acquisition.

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