Catalyst Health Solutions, Inc. (ticker: CHSI, exchange: NASDAQ Global Select Market (.O))
News Release -
Catalyst Health Solutions Announces Analyst Day and Celebrates Ten Years on NASDAQ
ROCKVILLE, Md.--(BUSINESS WIRE)--Dec. 11, 2009--
Catalyst Health Solutions, Inc. (NASDAQ: CHSI) announced today that
Chief Executive Officer David Blair and other Catalyst executives will
provide an overview of the Company's growth strategy, financial results
and business outlook at NASDAQ's headquarters on Wednesday, December 16,
2009. In addition, the Company will ring the opening bell honoring its
ten year anniversary on the NASDAQ stock exchange.
Since its initial public offering ten years ago, Catalyst has grown
revenues from $5 million in 1999 to approximately $3.0 billion in 2009.
The Company's market capitalization has multiplied 750% from
approximately $200 million in 1999 to over $1.5 billion today.
"All of us at Catalyst are pleased with the impressive results we've
delivered to our shareholders over the past ten years and we thank
NASDAQ for the opportunity to recognize these accomplishments," said
"This year is shaping up to be another superb year as we expect earnings
growth of 25% to 30% over last year," added Blair. In 2009, Catalyst Rx,
its pharmacy benefit management subsidiary secured over $500 million in
new sales growth, won its second consecutive Rx Benefit Innovation Award
from the Pharmacy Benefit Management Institute, and maintained its
industry-leading client retention rate of more than 98 percent. Catalyst
also earned a spot on the Fortune 100 Fastest-Growing Companies List for
the second consecutive year.
For more information about the Analyst Day event please e-mail Lynn
Tipton at email@example.com.
Presentations from the Analyst Day will be available on the Company's
About Catalyst Health Solutions, Inc. (www.chsi.com):
Catalyst Health Solutions, Inc. 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 serving more than 6 million
lives in the United States and Puerto Rico; HospiScript Services, LLC,
one of the largest providers of pharmacy benefit management services to
the hospice industry; and Immediate Pharmaceutical Services, Inc., a
fully-integrated prescription mail service facility in Avon Lake, Ohio.
The Company's clients include self-insured employers including state and
local governments, managed care organizations, unions, hospices,
third-party administrators and individuals.
Source: Catalyst Health Solutions, Inc.
Catalyst Health Solutions, Inc.