ProVantage Healthcare

ProVantage Healthcare is a leading health benefits management company providing pharmacy benefits management and health information technology products and services to their clients. Their goal is to become a primary third-party provider of products and services aimed at optimizing product quality and reducing healthcare costs. As of January 1999, they served over 3,500 clients, including pharmacy benefits management services covering approximately 4.5 million individuals and vision management services covering about 500,000 beneficiaries. Additionally, their authorized products, designed to improve healthcare quality, are being utilized by them.Their clients’ programs have more than 13 million participants. They experienced significant growth since fiscal year 1995, increasing revenue from $81.2 million to $643.3 million in the fiscal year 1998, representing a compound annual growth rate of approximately 99%. During this period, roughly 75% of the growth in the number of people utilizing pharmacy benefits management services was internally generated rather than achieved through acquisitions.