Healthcare Solutions To Expand Pharmacy Offering With Acquisition Of Scripnet
Atlanta, GA (WorkersCompensation.com) - Healthcare Solutions, the parent company of Cypress Care and Procura Management, today announced that it has entered into a definitive agreement to acquire ScripNet, a leading pharmacy benefit management company serving the workers’ compensation market. Upon close of the transaction, 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.”