The recent Walgreens Health Initiatives acquisition by Catalyst Health Solutions, Inc (NASDAQ: CHSI) has already propelled the company's projected revenues to nearly double for the 2011 reporting year.
The Rockville based pharmacy benefit manager has updated its financial outlook and plans to bring in between $5.1 and $5.3 Billion, an increase of 35% to 41%.
David T. Blair, Chief Executive Officer of Catalyst noted, "The Day-1 transition proceeded smoothly. We are confident that the integration of WHI will be completed within the next eighteen months and the Company will reach its stated financial targets,"
Catalyst bought the mail-in prescription drug benefits division of Walgreens in March for $525 million.
If the company achieves its goals it would be added to the Fortune 500 list and place fourth amongst the only five Fortune 500 companies left in Maryland.
Catalyst Health Solutions is the fastest growing national PBM in the U.S and currently has a market capitalization of approximately $2.88 Billion.