« What I learned about outcomes at WCRI | Main | Better and better - Health Affairs' blogging »

Developments in the WC PBM world

Cypress Care, one of the leading Workers Comp Pharmacy Benefit Management firms, has just announced the company has received a "strategic investment" from Dallas-based Brazos Private Equity Partners. The company has also added David George (former President of AdvancePCS) to the management staff; George will be taking over the CEO spot from co-founder Hank Datelle and has also made an investment in Cypress Care.

The press release contains the typical comments about all parties' delight at the deal and enthusiasm for the future. As one who has been directly involved, I can attest that in this case, the PR has it right. David George is a highly experienced and very well respected managed care pro with stints at United Healthcare and on the Board of Concentra, Inc. Bart Hester, a former colleague of George's at AdvancePCS will be joining Cypress as EVP Account Management and Strategy; the rest of the Cypress senior management team including co-founder Lisa Datelle and President Marc Datelle are all staying with the company.

Note - Cypress Care is a Health Strategy Associates consulting client an dsponsors our annual Survey of Prescription Drug Management in Workers Compensation.

Posted by on November 13, 2006 10:39 AM |

Post a comment

Due to the growing number of spam comments, I have to ask you to do one more thing to get your comment posted. Just type in the text you see in the box below into the textbox to the right. That will prove you are a real human and not a computer system that is posting spam. Please be careful to enter in the right code; if you make a mistake the system may temporarily block you. If the authentication system is blocking you, try again in an hour. If you continue to be blocked, send your comment to jpaduda AT healthstrategyassoc DOT com and note that you would like your comment posted. Thanks.