Upper Peninsula Health Plan awards 3-year PBM contract to Catalyst Rx

Catalyst Rx, the pharmacy benefit management (PBM) subsidiary of Catalyst Health Solutions, Inc. (NASDAQ: CHSI), announced today the award of a three-year PBM contract by the Upper Peninsula Health Plan, a Medicaid Health Care Provider serving the Upper Michigan Counties. The contract covers approximately 38,000 members.

"After a competitive bid process, Catalyst is proud to have been selected by the Upper Peninsula Health Plan to manage its PBM needs," said David T. Blair, Chief Executive Officer of Catalyst Health Solutions. "We thank them for the opportunity and are committed to providing formulary management guidance, exceptional utilization management programs and expert clinical consulting services."