Catamaran
3-year average:
Revenue Growth: 72%
Profit Growth: 52%
Total Return: 98%
Revenue Growth: 72%
Profit Growth: 52%
Total Return: 98%
Formerly SXC Health Solutions (and
last year’s top dog on the Fastest-Growing list), this pharmacy benefits
manager (PBM) completed its merger with rival Catalyst Health Solutions
in July with a cash and stock deal worth over $4 billion. The combined
company is now the fourth largest PBM in the US, serving about 25
million members. The additional revenues that will result from the
Catalyst deal have not yet been reflected in the newly-created
Catamaran’s numbers but the company expects to generate combined annual
revenues of around $13 billion. For the first six months of this year,
SXC Health revenues came in at $3.3 billion – up 48% year-on-year. PBMs
help their clients -- such as unions, third-party health care plan
administrators, state and federal government entities -- to manage the
cost of their prescription drug programs by leveraging their buying
power to secure price discounts. -- N.S.
Get stock quote: CTRX
Revenue ($ millions): $5,595
Net Income ($ millions): $100
Sectors: Health Care
Net Income ($ millions): $100
Sectors: Health Care
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