Catamaran Corporation

Catamaran Corporation is a healthcare company that specializes in providing pharmacy benefit management (PBM) services and healthcare information technology solutions. The company was founded in 2006 and is headquartered in Lisle, Illinois.

History

Catamaran Corporation was originally known as SXC Health Solutions Corp. The company changed its name to Catamaran Corporation in 2012 after acquiring Catalyst Health Solutions, a leading PBM company. The merger created one of the largest PBM companies in the United States, serving over 25 million members.

Services

Catamaran Corporation offers a wide range of services, including prescription drug management, specialty pharmacy services, and healthcare IT solutions. The company's PBM services help manage the cost of prescription drugs for health plans, employers, and other clients. Its healthcare IT solutions include electronic health record (EHR) systems, pharmacy management systems, and other technology tools that help healthcare providers improve patient care and reduce costs.

Acquisition by OptumRx

In 2015, Catamaran Corporation was acquired by OptumRx, the PBM division of UnitedHealth Group. The acquisition further expanded OptumRx's capabilities and reach in the PBM market.

Impact

Catamaran Corporation has made significant contributions to the healthcare industry, particularly in the area of pharmacy benefit management. The company's innovative solutions have helped improve the efficiency and effectiveness of prescription drug management, leading to cost savings for clients and better health outcomes for patients.