MedImpact Healthcare Systems, Inc., the United State's biggest privately held supplier of pharmacy benefit management services, announced acquisition of Medical Security Card Company's ScriptSave from Charlie Horn, its founder, and private equity investor, Monitor Clipper Partners.
ScriptSave is a consumer-focused pharmacy benefit management aligned in the 100% co-pay market. After the deal, MedImpact will be the parent of the new wholly owned ScriptSave. ScriptSave is said to maintain its operations in Tucson, Arizona.
MedImpact has effectively expanded its proven pharmacy benefit management services by means of ScriptSave's consumer-focused loyalty packages. Integrated benefits provide supplemental merchandise offering to members.
"The acquisition of ScriptSave creates a greater ability to adapt to anticipated changes resulting from health care reform. This includes changes in the employer and individual health insurance exchange marketplace. It is also aligned with our strategy and relentless focus to deliver innovative products and services that better manage drug expenditures, improve health outcomes and, ultimately, increase consumer satisfaction," said President of MedImpact, Greg Watanabe.
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