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PCRx Acquires MC-21

MC-21 Merges with ProCare’s Pharmacy Benefit Manager

 

Atlanta, Georgia
May 7, 2018

 

ProCare, a leading independent national PBM founded almost 30 years ago and headquartered in Gainesville, Georgia, has joined forces with MC-21 LLC, the market-leading Pharmacy Benefit Manager in Puerto Rico, founded in 1998. The intention is to broaden service offerings and strengthen key capabilities.

This new chapter for ProCare was formalized on April 30, 2018.

“Our PBM clients and the members they serve require continuous innovation, especially around value-based reimbursement models and the role pharmacies can play in improving health outcomes and lowering total healthcare costs. We believe MC- 21 Corporation, with Rosa Hernandez, MC-21’s President since the company’s inception, is a great addition to our team, and the experience she brings with regard to innovation in these value–based models, in particular, will help us to continue to serve our clients’ needs while also developing and delivering more innovative solutions and offerings”, ProCare’s Chairman Roger Burgess said.

Rosa Hernández continued, “MC-21 clients will gain immediate access to an expanded array of services, programs, and technological tools – innovative and proprietary – as well as increased efficiency and flexibility in the processing of prescriptions, value-based contracting, and business intelligence services, among others.” Hernandez added, “There will be no disruption in the award-winning service levels currently enjoyed by MC-21’s clients”.

A key to this union is the common vision that both companies share in providing efficient and cost–effective services tailored to clients’ needs. The business focus of both companies will continue to concentrate on heath insurance plans, managed care, self-insured employer groups, government employees, unions, public health organizations, hospices, and workers compensation plans.

The combined company will be well positioned to address the rapid and continuous changes both in the commercial and subsidized healthcare industry in the United States and Puerto Rico. With this union, the combined company will manage more than 174 million prescriptions per year for over 8 million patients.

Roger Burgess concluded, “The combination of ProCare and MC-21 is highly focused on better serving the Medicare and Medicaid MCO market by driving down costs and gaining shares in these fast growing markets as the government’s role will continue to increase in the coming years driven by the growth in the number of Medicare lives”.

For more information about the ProCare companies, please contact:
Barbara Rambo, ProCare Rx CFO /678-248-3101

For more information about MC-21, please contact:
Rosa Hernandez, MC-21 President / 787 286-6024


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