Catalyst Health Solutions Inc. has agreed to pay Independence Blue Cross $225 million for a pair of pharmacy benefit management (PBM) subsidiaries.
Catalyst, Rockville, Md., is acquiring FutureScripts L.L.C. and FutureScripts Secure L.L.C. from Independence Blue, Philadelphia. The companies hope to complete the deal sometime this year.
Catalyst provides PBM services for about 7 million people, and FutureScripts provides PBM services for about 1 million Independence Blue enrollees.