Catamaran Corp. acquires Healthcare Solutions

Catamaran Corp. has completed its acquisition of Healthcare Solutions for a purchase price of $405 million in cash, it was announced Thursday in Schaumburg, Illinois.

"This acquisition presents a great opportunity to further expand our presence in the workers' compensation market," CEO and Chairman Mark Thierer said. "Healthcare Solutions' complementary business platform will bring additional value to our clients. In addition, Healthcare Solutions' long-standing and established relationships with significant insurance carriers and TPAs provide an opportunity to bring Catamaran's full suite of technology and services to Healthcare Solutions clients."

Healthcare Solutions provides pharmacy benefit management (PBM), ancillary and managed care services to worker’s compensation and automotive markets. It is headquartered in Duluth, Georgia and operates additional offices in Las Vegas, Philadelphia, Pittsburgh, Columbus, Ohio and Cranford, New Jersey.

Catamaran, a leading provider of PBM services and technology solutions, is the industry's fastest-growing pharmacy benefits manager. It manages over 400 million prescriptions annually for 35 million members.

The company prides itself on flexible, holistic solutions to improve patient care and empower individuals to take charge of their health. The purchase was subject to certain customary post-closing adjustments.