ST. PAUL, Minn., Dec. 21, 2012 /PRNewswire/ -- Prime Therapeutics (Prime), a leading pharmacy benefit manager (PBM), captured the No. 1 spot among the top 10 private business job creators within Minnesota in the inaugural class of Inc. Hire Power Awards honorees. The Hire Power Awards recognize private businesses that have generated the most jobs in the past three years.
With its creation of 533 jobs from 2008 to 2011, Prime also ranked No. 7 in the top 10 private job creators in the health industry and No. 34 in the top 100 companies nationwide for job creation.
"Health care is a dynamic industry, which has provided the growth opportunity for Prime," said Eric Elliott, president and CEO of Prime. "It's the expertise and dedication of our people that has allowed us to realize that opportunity, while staying focused on helping people get the medicine they need to feel better and live well."
The inaugural Inc. Hire Power Awards are sponsored by Bank of America Merrill Lynch, which recognizes American companies that have greatly increased their workforces. Inc.'s Hire Power Awards celebrates private companies on the forefront of American job creation.
"The top 100 companies on the list have created 73,032 American jobs in the three-year period from 2008 to 2011 an amazing feat, given that much of that job growth came during the heart of the recession," explains Inc. editor-in-chief Eric Schurenberg. "And, it isn't just the big guys that are adding jobs. Companies with less than $50 million in annual revenue make up nearly one-third of the Hire Power list."
The Hire Power Awards will appear in Inc.'s December/January issue, as well as the brand's website, www.inc.com.
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 6,000,000 today. For more information, visit www.inc.com.
About Bank of America Merrill Lynch
Bank of America Merrill Lynch is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. For more information, visit: http://corp.bankofamerica.com/business/smb.
About Prime Therapeutics
At Prime Therapeutics, people are at the center of all we do and every decision we make. As a leader in pharmacy benefit management, Prime is dedicated to making it easier for our members to obtain more affordable medicines. We leverage our unique connections to deliver programs that lead to the best health outcomes for our members.
Prime's integrated pharmacy benefit management services include claims processing, benefit plan design, network management, clinical program consultation, rebate management, formulary administration, mail service pharmacy and specialty pharmacy.
Headquartered in St. Paul, Minn., Prime Therapeutics serves nearly 20 million people and is collectively owned by 13 Blue Cross and Blue Shield Plans, subsidiaries or affiliates of those plans. Prime has been recognized as one of the fastest-growing private companies in the nation by Inc. 5000 and as a most engaged workplace by Achievers.
For more information, visit www.primetherapeutics.com or follow @Prime_PBM on Twitter.
SOURCE Prime Therapeutics