Catalyst Rx Announces PBM Contract Award by State of Louisiana

ROCKVILLE, Md.--(BUSINESS WIRE)-- Catalyst Rx, the pharmacy benefit management (PBM) subsidiary of Catalyst Health Solutions, Inc. (NASDAQ: CHSI), announced the award of a new service contract with the State of Louisiana Office of Group Benefits (OGB) following the State’s competitive bid process. The new contract, effective July 1, 2010, covers approximately 225,000 members.

Catalyst Rx first began administering pharmacy benefits for OGB on July 1, 2004. “Catalyst Rx appreciates the opportunity to extend our relationship with OGB and manage pharmacy benefits for the State of Louisiana’s active and retired employees and their dependents,” said David T. Blair, Chief Executive Officer of Catalyst Health Solutions. “We remain firmly committed to building on our collaborative partnership and driving the most care-effective, cost-effective solutions for the State.” In 2008, Catalyst Rx and the OGB were the recipients of a Pharmacy Benefit Management Institute (PBMI) Rx Benefit Innovation Award for their physician outreach program that significantly increased the prescribing and utilization of generic drugs, resulting in a three-year savings of $28 million for the OGB.

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.

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, 2008 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 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.

Catalyst Health Solutions, Inc.
Hai Tran, Chief Financial Officer
301-548-2900
[email protected]

Source: Catalyst Health Solutions, Inc.