BNET Industries

Market Cap:$1.5B
Last Fiscal Year Sales:$2.5B
  • Public
  • US
Dow Jones Description

Catalyst Health Solutions, Inc. is a full-service pharmacy benefit management, or PBM, company. We operate primarily under the brand name Catalyst Rx. Our clients include self-insured employers, including state and local governments; managed care organizations; unions; third-party administrators, referred to as TPAs; hospices; and individuals who contract with us to administer the prescription drug component of their overall health benefit programs. We provide our clients access to a contracted, non-exclusive national network of approximately 61,000 pharmacies. We provide our clients members with timely and accurate benefit adjudication, while controlling pharmacy spending trends through customized plan designs, clinical programs, physician orientation programs, and member education. We use an electronic point-of-sale system of eligibility verification and plan design information, and offer access to rebate arrangements for certain branded pharmaceuticals. When a member of one of our clients presents a prescription or health plan identification card to a retail pharmacist in our network, the system provides the pharmacist with access to online information regarding eligibility, patient history, health plan formulary listings, and contractual reimbursement rates. The member generally pays a co-payment to the retail pharmacy and the pharmacist fills the prescription. ...

Chief Executive Officer
David T. Blair
Number of Employees 820
Contact Information

800 King Farm Blvd Ste 400

Rockville, Maryland 20850

catalysthealths...

(301) 548-2900

NAICS Code All Other Insurance Related Activities: 524298

Recent Events

  • Catalyst Health Solutions Posts 3Q 2009 Results

    11/06/09 - Financial Announcement - View Story

  • Catalyst Health Solutions Guides Earnings Above Estimates for 2010

    11/03/09 - Financial Announcement - View Story

  • Catalyst Health Solutions Extends and Increases Revolving Credit Facility to $100 Million

    10/13/09 - Joint Venture / Alliance - View Story

  • BMO Capital Downgrades Catalyst Health Solutions CHSI to Market Perform

    9/24/09 - Bond / Stock Rating - View Story

  • SXC Health Guidance Hike Could Be In The Cards

    8/05/09 - Bond / Stock Rating - View Story

  • Catalyst Health Solutions Posts Record 2Q 2009 Financial Results and Raises Guidance

    8/07/09 - Financial Announcement - View Story

  • Catalyst Rx New Sales Top $250 Million Annually; Company

    7/31/09 - Merger / Acquisition - View Story

News & Analysis

healthextras inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
David T. Blair Chief Executive Officer
Hai Tran Chief Financial Officer & Treasurer
Michael Donovan Chief Financial Officer
Nick J Grujich Chief Operating Officer
Darren G D Sivertsen Executive Vice President
Darren G. Sivertsen Executive Vice President
Thomas L. Blair Founder
Bruce F Metge General Counsel
Thomas M Farah General Counsel & Corporate Secretary
Steven B. Epstein Esq Director
Thomas J. Graf Member

Board of Directors

Name (plus bio) Position
Edward S. Civera Chairman of the Board
Carey G. Jury Board of Directors
Dale B. Wolf Board of Directors
Daniel J. Houston Board Member
David G. Blair Board of Directors
Julia M Lawler-Johnson Member, Board of Directors
Julia M. Lawler Board of Directors
Kenneth A. Samet Board of Directors
Michael R. McDonnell Board of Directors
William E Brock Board of Directors

David Blair is Chief Executive Officer of Catalyst Health Solutions, Inc. (NASDAQ: CHSI), (formerly HealthExtras, Inc.). Mr. Blair joined the Company in 1997 as Chief Financial Officer and subsequently spearheaded a successful national marketing research campaign to develop the Company's supplemental benefits programs, resulting in record growth. In 1999, Mr. Blair was named the Company's Chief Executive Officer and Director of the Company's Board of Directors. In 2001, Mr. Blair launched a major initiative to complement the Company's supplemental benefits and expanded into the pharmacy benefit management industry through selective acquisitions and strategic investments. Catalyst Health Solutions, Inc. has experienced a rate of growth substantially greater than its competitors and positioned itself as a market leader in providing superior quality of care and unbiased pharmacy benefit management solutions. The company maintains a strong focus on innovation, efficiency, and superior service and has a long-standing commitment to transparency and flexible pricing options from traditional to fully pass-through. With a commitment to innovation and a unique knowledge of the healthcare industry, Mr. Blair has steered Catalyst Health Solutions, Inc. from a small regional player to a nationally recognized healthcare company. In the two most recent consecutive years, Catalyst Health Solutions, Inc. has been awarded the top customer satisfaction ratings for "Overall Service and Performance" in the Pharmacy Benefit Management Institute (PBMI) Pharmacy Benefit Manager (PBM) Customer Satisfaction Report. The Company also maintains a consistent presence on the "fastest growing" lists in Fortune Magazine, the Washington Post and Forbes Magazine. Prior to joining Catalyst Health Solutions, Inc., Mr. Blair served in a financial role for United Payors and United Providers, where he contributed to the Company's initial public offering and several strategic acquisitions. He is a Director of the Leadership Board for the Christopher and Dana Reeve Foundation and is a frequent participant in panel discussions and on advisory boards and steering committees where he lends his entrepreneurial skills and expertise in healthcare to advance various initiatives.

Organization Position Status
Catalyst Health Solutions, Inc. Chief Executive Officer Current
Catalyst Health Solutions, Inc. Board of Directors Current
Catalyst Health Solutions, Inc. President Former
Catalyst Health Solutions, Inc. Chief Financial Officer Former

Hai Tran was named Catalyst Health Solution Inc.’s Chief Financial Officer in 2008. In this position, Mr. Tran leads all of the company’s financial activities, including financial and performance management, capital strategy and planning, investor relations, as well as corporate development, and is a key strategic contributor. Since joining Catalyst Health Solutions, Inc., Mr. Tran has successfully leveraged his experience in investor relations, mergers and acquisitions, board and governance, finance, and financial reporting to support company growth, playing an integral role in the 2008 acquisition of a mail order facility which provides a mail service option to current and prospective clients, greater level of financial transparency, and higher level of service. Prior to joining Catalyst Health Solutions, Mr. Tran served as Vice President and Treasurer of Hanger Orthopedic Group, a public healthcare services, products, and distribution company. Prior to Hangar, Mr. Tran served as Senior Vice President of Strategic Development and Emerging Solutions for Cadmus Communications, a public printing, packaging, and publishing services company. Mr. Tran’s previous experience also includes finance and operations positions in various industries including technology, software, retail, and consumer products. Mr. Tran holds a B.S. in Electrical Engineering from the University of Virginia and a Master’s of Business Administration from the University of Richmond.

Organization Position Status
Catalyst Health Solutions, Inc. Chief Financial Officer & Treasurer Current
Cadmus Communications Corporation Senior Vice President of Strategic Development Former
Hanger Orthopedic Group, Inc. Treasurer & Vice President Former
Hanger Orthopedic Group, Inc. Treasurer and Assistant Secretary'Y Former
Hanger Orthopedic Group, Inc. Treasurer Former
University of Richmond Masters Former
University of Virginia Bachelors Degree Former

Organization Position Status
Catalyst Health Solutions, Inc. Chief Financial Officer Current
Catalyst Health Solutions, Inc. Executive Vice President, Corp Dev Current
Direct Health Chief Financial Officer Former
Php Healthcare Corp Senior Vice President of Business and Technology Development Former
KPMG International Senior Manager Former
Catalyst Health Solutions, Inc. Treasurer Former

Nick Grujich joined Catalyst Health Solutions, Inc. (CHSI) in 2005 as Executive Vice President and Chief Operating Officer and is responsible for the strategic and operational leadership of the Company’s pharmacy benefits management operations, including Clinical Services, Client Services, Customer Service, Network Administration, and Mail Service Pharmacy. Since joining the Company, Mr. Grujich has focused on creating innovation, efficiency, and delivering superior service to clients and bringing new levels of transparency and flexible pricing to the industry. Mr. Grujich has led the successful establishment of various Centers of Excellence designed to support a collaborative effort to deliver local market focused management and prescription benefits and provide members with the highest level of service. Aligning the Company’s clinically-focused Centers of Excellence with the operations of CHSI’s clients has proven to be an effective strategy in improving member communications, formulary compliance and overall member satisfaction. Also in 2007, CHSI was awarded the first-ever Drug Therapy Management Accreditation by URAC, one of the nation's leading independent accrediting organizations; an effort directed under the leadership of Mr. Grujich. Prior to joining CHSI, Mr. Grujich was Vice President of Finance & Administration at Eckerd Health Services, Inc. (EHS), a division of Eckerd Corporation, where he held a key leadership role in various facets of the organization. Prior to EHS, Mr. Grujich was Director of Finance at Penn Group Medical Associates, a division of Coventry Health Care, Inc. Mr. Grujich holds a B.S. in Business Administration and Management, Summa Cum Laude, from LaRoche College and is a Certified Public Accountant.

Organization Position Status
Catalyst Health Solutions, Inc. Chief Operating Officer Current
Catalyst Health Solutions, Inc. Executive Vice President Current
Eckerd Corporation Vice President of Finance & Administration Former

Organization Position Status
Catalyst Health Solutions, Inc. Executive Vice President Current

Organization Position Status
Catalyst Health Solutions, Inc. Executive Vice President Current

Thomas L. Blair (Director since 1999) is the founder of HealthExtras and its predecessors. Mr. Blair founded United Payors & United Providers, Inc. in 1994, a publicly traded company, and served as its Chairman and Chief Executive Officer or Co-Chief Executive Officer until it was acquired in 2000. Mr. Blair has formed several health care companies during his thirty-year business career. He is currently retired.

Organization Position Status
Catalyst Health Solutions, Inc. Founder Current
Fedmed, Inc Chairman Current
Catalyst Health Solutions, Inc. Director Current

Bruce Metge was recruited to join Catalyst Health Solutions, Inc. as General Counsel and Corporate Secretary in 2008. In this role, Mr. Metge leads the company’s nationwide legal, compliance, regulatory and corporate governance functions. As a member of Catalyst Health Solutions’ senior leadership team, Mr. Metge is also actively involved in the company’s strategic planning and growth and serves as an advisor to senior management and the Board of Directors. Mr. Metge possesses an outstanding depth of experience in handling corporate compliance, transactional, litigation and general business matters. Prior to joining Catalyst Health Solutions, Mr. Metge was a partner in the law firm of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C., a multi-disciplinary law firm based in Washington, DC. At Mintz Levin, Mr. Metge represented a wide range of companies in various industries including telecommunications, technology, biotechnology, consumer products, and venture capital in complex business transactions and antitrust matters, ultimately focusing on public company compliance matters and technology sourcing agreements. An Illinois native, Mr. Metge holds a B.A. in Public Policy from Duke University, Magna Cum Laude, a J.D. from the Northwestern University School of Law, and is a nationally ranked tri-athlete.

Organization Position Status
Catalyst Health Solutions, Inc. General Counsel Current
Catalyst Health Solutions, Inc. Board of Directors Current
Digex, Inc. General Counsel Former
Duke University B.A. In Public Policy Former

Tom Farah is the General Counsel & Corporate Secretary of HealthExtras where he has been responsible for managing the legal affairs of the Company since 2002. In 2003, Tom was appointed the Company's Corporate Secretary. Prior to his association with HealthExtras, Tom was the General Counsel of Federal Medical, Inc., a health care financial services organization, and a Partner with the law firm of Epstein Becker & Green, P.C., providing legal advice to health care companies on regulatory, corporate and transactional matters for over 22 years.

Organization Position Status
Catalyst Health Solutions, Inc. General Counsel & Corporate Secretary Current
Catalyst Health Solutions, Inc. Board of Directors Current
Fedmed, Inc General Counsel Former
Epstein Becker & Green, P.C. Former

Organization Position Status
Catalyst Health Solutions, Inc. Chairman of the Board Current
MedStar Health Inc. Director Current
Washington Real Estate Investment Trust Board of Directors Current
Cooper's Inc. Former
MCG Capital Corporation Board of Directors Former
St. Joseph's University Master of Business Administration Former
St. Joseph's University Bachelor of Science In Accounting Former
MedStar Health Inc. member Former

Organization Position Status
Catalyst Health Solutions, Inc. Board of Directors Current

Organization Position Status
Catalyst Health Solutions, Inc. Board of Directors Current

Array

Organization Position Status
Principal Financial Group, Inc. Executive Vice President, Retirement & Investor Services Current
Professional Pensions, Inc. Chairman Current
Catalyst Health Solutions, Inc. Board Member Current
Principal Trust Company (Asia) Limited Board Member Current
Principal Financial Advisors, Inc. Board Member Current
Principal Bank Board Member Current
Principal Financial Group, Inc. Member of the Board Current
Professional Pensions, Inc. Member Current
Principal Financial Group, Inc. Regional Director, Group and Pension Sales Former
Principal Financial Group, Inc. Senior Group and Pension Representative Former
Trustar Retirement Services Former

Organization Position Status
Catalyst Health Solutions, Inc. Board of Directors Current
Catalyst Health Solutions, Inc. CEO Former
Catalyst Health Solutions, Inc. CEO Former

Organization Position Status
Principal Financial Group, Inc. Senior Vice President Current
The House of Mercy, Inc Advisory Board Member Current
Catalyst Health Solutions, Inc. Member, Board of Directors Current
Pension Real Estate Association, Inc Member Current
Principal Financial Group, Inc. President, Real Estate Equity Group Former
Principal Financial Group, Inc. Assistant Director, Commercial Real Estate, Equities Former
Principal Financial Group, Inc. Senior Regional Equity Administrator Former

Organization Position Status
Catalyst Health Solutions, Inc. Board of Directors Current

Organization Position Status
MedStar Health Inc. President & Chief Executive Officer Current
Oncalldata Chief Operating Officer of Medstar Current
Medstar Chief Operating Officer Current
Old Dominion University Academic Affairs Committee Chairman Current
University of Maryland School of Nursing Board Member Current
MedStar Health Inc. Director Current
Quality Healthcare, Inc. Board of Directors Current
Catalyst Health Solutions, Inc. Board of Directors Current
Oncalldata Board of Directors Current
Washington Hospital Center President Former
MedStar Health Inc. Chief Operating Officer Former
Old Dominion University Board of Directors Former
University of Michigan Master's Degree Former

Organization Position Status
Catalyst Health Solutions, Inc. Board of Directors Current
MCG Capital Corporation Chief Operations Officer Former
PricewaterhouseCoopers partner Former

Organization Position Status
Idnoptions, LLC CEO and Co-Founder Current
Emergency Medical Services Corporation Chair Current
Columbia University Law School Chairman, Law School 's Board of Visitors Current
Management Health Solutions, Inc Board of Directors Current
Emergency Medical Services Corporation Board of Directors Current
Emsc, LLC Board of Directors Current
Tufts University Board of Directors Current
Amr, Inc. Director Current
Catalyst Health Solutions, Inc. Director Current
Radius Ventures, LLC Board of Directors Current
Kbl Healthcare, Inc. Board of Directors Current
Emsc, LLC Founder Former
Epstein Becker & Green, P.C. Founder Former
Emsc, LLC Partner Former
Epstein Becker & Green, P.C. Senior Partner Former
Emsc, LLC Legal Advisor Former
Visitors Chairman Former
Qwest Corporation Director Former
MicroAge, Inc. Director Former
Columbia University Law School J.D. Former
University of California, Los Angeles MBA Former
Columbia University LL.B Former
Tufts University B.A. Former
Executive Committee B.A. Former
Columbia University Law School Law degree Former

William E. Brock has served as a director since 2006. He is chairman of The Brock Offices, a firm specializing in international trade, investment and human resources which he founded in 1988. From 1985 to 1987, Mr. Brock served as the U.S. Secretary of Labor, and from 1981 to 1985, as the U.S. Trade Representative. He served as Chairman of the Republican National Committee from 1977 to 1981 and previously as a Member of the U.S. House of Representatives from 1963 to 1971 and as U.S. Senator for the State of Tennessee from 1971 to 1977. Mr. Brock serves as a Counselor and Trustee of the Center for Strategic and International Studies, and as a director of On Assignment, Inc., HealthExtra, Inc. and Strayer Education, Inc.

Organization Position Status
Res-Care, Inc. Founder and Senior Partner, the Brock Offices Current
Strayer University Board of Directors Current
Res-Care, Inc. Board of Directors Current
On Assignment, Inc. Board of Directors Current
Catalyst Health Solutions, Inc. Board of Directors Current

Array

Organization Position Status
Principal Financial Group, Inc. President, Investor Relations Current
Simpson College Board of Directors Current
American Academy of Actuaries Board of Directors Current
American Academy of Actuaries Member Current
Simpson College Member Current
Catalyst Health Solutions, Inc. Member Current
Principal Financial Group, Inc. Chief Information Officer Former
Principal Financial Group, Inc. Actuary Former
Catalyst Health Solutions, Inc. Board of Directors Former

Executive News

  • Principal Financial Group, Inc. Schedules Earnings Release and Conference Call for Second Quarter 2009 Financial Results

    Business Wire - 7/06/09 - View Story

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     CHSI $34.19 +0.03 (0.09% )
Average Volume 238,769
Shares Outstanding 44.18M
Market Cap 1.5B
Year High 35.25
Year Low 15.67
Earnings Per Share 1.41
P/E Ratio 24.25
Dividend N/A
Yield N/A
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