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Catamaran Opens State-of-the-Art Innovation Center In Downtown Chicago

Stocks in this article: CTRX

New 25,000-square-foot facility at 300 North LaSalle showcases role of pharmacy benefit management in improving America's long-term health

LISLE, IL, July 24, 2013 /PRNewswire/ - Catamaran Corp. (NASDAQ: CTRX, TSX: CCT), a leading provider of pharmacy benefit management (PBM) services and technology, unveils its new Innovation Center in downtown Chicago today. The 25,000-square-foot space will be a destination for healthcare industry leaders, clients and prospects to view the future of pharmacy, driven by Catamaran's innovation.

"Innovation has been the engine behind our rapid expansion from an $81 million technology company in 2006 to the $14 billion and growing full-service PBM we are today," said Mark Thierer, Chairman and CEO of Catamaran. "Our new Chicago Innovation Center is an incubator for new, industry-leading ideas in healthcare as well as a way to show our clients and prospects our full scope of services in an interactive, unique way."

Led by John Romza, Catamaran's Executive Vice President, Research and Innovation, the Center's dedicated team expands the company's long heritage of innovation through a more formalized approach, transforming creative ideas into future market drivers that enhance healthcare delivery and outcomes. With focus on both near- and long-term innovations, Catamaran is able to demonstrate how its flexible model uses data analytics and clinical intelligence to personalize care and to enable consumers to take charge of their health.

"The Innovation Center presents Catamaran's vision for the future of healthcare by combining comprehensive data with flexible technology to improve health outcomes, improve efficiencies and reduce costs," said John Romza. "The Center's facilities with interactive components are educational spaces that showcase the innovative, creative spirit of Catamaran."

About Catamaran

Catamaran, the industry's fastest-growing pharmacy benefits manager, helps organizations and the communities they serve take control of prescription drug costs. Managing more than 250 million prescriptions each year on behalf of 25 million members, our flexible, holistic solutions improve patient care and empower individuals to take charge of their health. Processing one in every five prescription claims in the U.S., Catamaran's skill and scale deliver compelling financial results and sustainable improvement in the overall health of members. Catamaran is headquartered in Lisle, Ill. with multiple locations in the U.S. and Canada. For more information, please visit CatamaranRx.com, and for industry news and information follow Catamaran on Twitter, @CatamaranCorp.

SOURCE Catamaran

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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