Sep 10 2009
Catalyst Health Solutions, Inc. (NASDAQ:CHSI) announced today that it was named to the Fortune 100 Fastest-Growing Companies list, making its second consecutive appearance on the annual ranking and third within the past five years. Catalyst ranked Number 14 on the list of fast-growing health care companies and Number 93 overall among all industries. This year, Fortune made both foreign and domestic companies eligible for the list if they are traded on a major U.S. stock exchange. In previous years, only domestic companies were eligible.
“Catalyst is proud to have made the Fortune 100 Fastest-Growing Companies list again,” said David T. Blair, Chief Executive Officer of Catalyst Health Solutions, Inc. “To be one of the global growth leaders, despite the tough economic climate, is a testament to our employees’ dedication and our proven approach to effectively managing pharmacy costs.”
According to Fortune, the 100 Fastest-Growing Companies list was determined as such: To qualify, a company – domestic or foreign – must be trading on a major U.S. stock exchange; file quarterly reports to the SEC; have a minimum market capitalization of $250 million on June 30, 2009; have a stock price of at least $5 on June 30, 2009; have been trading continuously since June 30, 2006; have revenue and net income for the four quarters ended on or before April 30, 2009, of at least $50 million and $10 million, respectively; and have posted a compound annual growth in revenue and earnings per share of at least 20% annually over the three years ended April 30, 2009. All companies that meet these criteria are ranked by their revenue growth rate, their EPS growth rate; and their three-year annualized total return to investors for the period ended June 30, 2009. The overall rank is based on the sum of the three ranks.