Healthcare Solutions to Expand Pharmacy Offering With Acqusition of ScripNet

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Acquisition of ScripNet Further Extends Healthcare Solutions' Workers' Compensation Footprint

Merging the strengths of Healthcare Solutions and ScripNet will result in a combined organization that will continue a tradition of service excellence and innovation.

Healthcare Solutions, the parent company of Cypress Care and Procura Management, today announced that it has acquired ScripNet, a leading pharmacy benefit management company serving the workers’ compensation market. The acquisition will further strengthen Healthcare Solutions’ pharmacy benefit management services and extend its client portfolio, which already includes many of the nation’s largest carriers, third party administrators and governmental entities. The combined organization will produce annual revenue exceeding $400 million.

“Healthcare Solutions welcomes ScripNet’s clients, its employees and other stakeholders to our combined company,” said David A. George, CEO of Healthcare Solutions. “Merging the strengths of Healthcare Solutions and ScripNet will result in a combined organization that will continue a tradition of service excellence and innovation.”

“We are excited to be joining such a well-respected company,” said Dennis Sponer, CEO of ScripNet. “Our philosophy and approach to workers’ compensation pharmacy management is synergistic with Healthcare Solutions and we are excited about the combined expertise that we will be able to offer our customers.”

For more information, please contact Matt Weaver at 410.821.8220 or mattw(at)imre(dot)com

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Matt Weaver
IMRE
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