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Slide #61. Catamaran — Restat
Catamaran Corp. (NASDAQ: CTRX, TSX: CCT), a leading provider of pharmacy benefit management (PBM) services and technology today announced it has entered into a definitive agreement to acquire Restat, LLC one of the largest privately held pharmacy benefit managers, for a purchase price of $409.5 million in cash, subject to certain customary post-closing adjustments.
Catamaran is a provider of pharmacy benefit management (PBM) services and healthcare information technology (HCIT) solutions to the healthcare benefit management industry. Co.'s PBM services are marketed under the Catamaran PBM brand and include electronic point-of-sale pharmacy claims management, retail pharmacy network management, mail pharmacy claims management, Medicare Part D services, benefit design consultation, and reporting and information analysis. Co.'s HCIT solutions include RxClaim® on-line transaction processing system, RxMax® rebate management system, RxTrack® data warehouse and analysis system, Zynchros suite of formulary management tools, and other software products.
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