HealthExtras, Inc. Will Become Catalyst Health Solutions, Inc.
16 Septembre 2008 - 3:00PM
Business Wire
HealthExtras, Inc. (NASDAQ:HLEX) announced that it will change its
name to Catalyst Health Solutions, Inc. after a unanimous vote by
the board of directors on September 10, 2008. The change will
become effective on October 1, 2008 and the Company will trade
under the ticker symbol �CHSI�. �As our largest operating
subsidiary, Catalyst Rx has significant brand recognition among our
clients,� said David T. Blair, Chief Executive Officer of Catalyst
Health Solutions. �Aligning the corporate brand with our most
visible operation capitalizes on Catalyst Rx�s brand equity and
creates consistency for our shareholders and clients.� Catalyst Rx
accounted for substantially all of the total corporate revenue for
the year ended December 31, 2007, and provides integrated pharmacy
benefit management services for more than 5 million members in the
United States and Puerto Rico. The day-to-day operations of the
Company will remain unchanged. About HealthExtras, Inc. (soon to
become Catalyst Health Solutions, Inc.) HealthExtras Inc. is built
on strong, innovative principles in the management of prescription
drug benefits and provides an unbiased, client-centered philosophy
resulting in a year-over-year client retention rate of more than
98%. The Company�s subsidiaries include Catalyst Rx, a full-service
pharmacy benefit manager serving more than five 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 based out of
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 within the meaning of Section 21E of the Securities
Exchange Act of 1934. These forward-looking statements involve a
number of risks and uncertainties. Factors that we have identified
that might materially affect our results are discussed in our
Annual Report on Form 10-K for the year ended December 31, 2007
under "Item 1.A 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.
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