|Catalyst Health Solutions Chooses Equinix to Enable Growth|
REDWOOD CITY, Calif., Jun 01, 2011 (BUSINESS WIRE) -- Equinix, Inc. (Nasdaq: EQIX), a provider of global data center services, today announced that Catalyst Health Solutions, Inc. (Nasdaq: CHSI), the fastest growing national pharmacy benefit management (PBM) services company in the U.S., has selected Equinix to host critical business functions, including claims processing and data warehousing. Catalyst will deploy dual sites on different power grids at undisclosed Equinix International Business Exchange (IBX) data centers. Catalyst chose Platform Equinix for its flexibility, scalability and compliance, as the company expands its infrastructure.
For healthcare administration and PBM services companies like Catalyst, Equinix's industry leading operating procedures, with strict adherence to security and audit standards, enables companies to meet their federal and state health regulatory requirements, including HIPAA, HITECH, and other similar regulations. Further, Platform Equinix allows PBM services customers to tap into a growing ecosystem of partners and networks to quickly grow operations across a global footprint.
Catalyst has distinguished itself from other PBMs by garnering some of the highest customer satisfaction ratings for its service and performance. By enhancing application performance and fostering compliance with regulations, Platform Equinix will further support Catalyst's ability to provide the highest level of customer satisfaction for its millions of members.
"Customer satisfaction is the key to making Catalyst one of the fasting growing companies in the U.S. and a leader in the PBM services market," said Michael Forbes, chief information officer of Catalyst. "Our decision to work with Equinix expands our capabilities and scalability, allowing Catalyst to maintain its leadership position while supporting our growth and client-focused initiatives."
"For the healthcare industry, security and compliance cannot come at the expense of customer service," said Greg Adgate, general manager, Global Enterprise Vertical, Equinix. "We are helping Catalyst scale their business, and because of the rich healthcare ecosystem present on Platform Equinix, they will have the opportunity to penetrate new markets and gain competitive advantages in the PBM market."
About Catalyst Health Solutions, Inc.
Catalyst Health Solutions, Inc., the fastest growing national PBM in the U.S., is built on strong, innovative principles in the management of prescription drug benefits and provides an unbiased, client-centered philosophy resulting in industry-leading client retention rates. The Company's subsidiaries include Catalyst Rx, a full-service pharmacy benefit manager (PBM) serving more than 7 million lives in the United States and Puerto Rico; HospiScript Services, LLC, one of the largest providers of PBM services to the hospice industry; FutureScripts, LLC, a full-service PBM serving approximately one million lives in the mid-Atlantic region, and Immediate Pharmaceutical Services, Inc., a fully integrated prescription mail service facility in Avon Lake, Ohio. The Company's clients include self-insured employers, including state and local governments, managed care organizations, unions, hospices, third-party administrators and individuals.
Equinix, Inc. (Nasdaq: EQIX) connects businesses with partners and customers around the world through a global platform of high performance data centers, containing dynamic ecosystems and the broadest choice of networks. More than 3,350 enterprises, cloud, digital content and financial companies connect to more than 650 network service providers and rely on Platform Equinix to grow their business, improve application performance and protect their vital digital assets. Equinix operates in 37 strategic markets across the Americas, EMEA and Asia-Pacific and continually invests in expanding its platform to power customer growth. www.equinix.com
Forward Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, the challenges of acquiring, operating and constructing IBX centers and developing, deploying and delivering Equinix services; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; a failure to receive significant revenue from customers in recently built out or acquired data centers; failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers; and other risks described from time to time in Equinix's filings with the Securities and Exchange Commission. In particular, see Equinix's recent quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.
Equinix and IBX are registered trademarks of Equinix, Inc. International Business Exchange is a trademark of Equinix, Inc.
SOURCE: Equinix, Inc.