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Catamaran Corporation - Financial Analysis

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Catamaran Corporation

Introduction

Catamaran Corporation was formerly known as the SXC Health Solutions Corporation. The company was founded in 1993. The company acquired ComCoTec a software business in 2001. In 2006, the company moved its headquarters from Milton, Ontario to Schaumburg, Illinois. The company acquired four other companies, namely National Medical Health Card Systems, Inc., Zynchros, MedfushionRx, Inc., and Catalyst Health Solutions Inc. They acquired National Medical Health Card Systems in February 2008 for $143 million. Through the acquisition, the company doubled its size and labor force. Ten months after, the company acquired Zynchros, a formulary management business based in Seattle. On December 2010, the company bought MedfushionRx, Inc. for $100 million. The company purchased the MedfushionRx, Inc. to strengthen the company’s position in a special pharmacy market, improve management, as well as, improve supportive care. In 2012, the company purchased its competitor the Catalyst Health Solutions Inc. the cost was about $4.14 billion. On the same year, the company changes its corporate name to Catamaran Corporation. On March 30, 2015, the company was acquired by UnitedHealth Group Inc. for $12.8 billion. UnitedHealth Group Inc. purchased Catamaran Corporation to boost up their pharmacy services. Catamaran Corporation will be absorbed into the UnitedHealth Group Inc.’s OptumRX division.

Catamaran Corporation is one of the leading and fastest-growing providers of pharmacy benefit management (PBM) services, and Healthcare Information Technology (HCIT) solutions to the healthcare benefits management industry. The company has 35 million members and manages more than 400 million prescriptions every year. The company aims to improve patient care and enable people to assume the responsibility for their well-being. Moreover, the company aids

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