ROCKVILLE, Md.--(BUSINESS WIRE)--Catalyst Health Solutions, Inc. (NASDAQ: CHSI) announced today that Thomas L. Blair, the co-founder of CHSI (formerly HealthExtras, Inc.), is retiring from the Board of Directors effective December 31, 2008 in order to pursue public service opportunities, possibly in the new administration. CHSI commenced business operations on November 1, 1998 and went public one year later in 1999, thereby marking a ten year anniversary for Mr. Blair. “I have been privileged to have helped launch a second public healthcare company in my career (the first was United Payors and United Providers, NASDAQ: UP&UP, which was sold in 2000), and I am pleased to have been associated with a business that has grown from a start-up in 1998 to a national pharmacy benefits management company with a projected 2009 revenue of $3 billion,” stated Blair. Following the effective date of Thomas Blair’s retirement, all other current members of the Board of Directors, consisting of David Blair, CEO, and seven independent directors, including Edward Civera, Chairman of the Board, will remain in their current positions. Ed Civera and David Blair have been working together at Catalyst (and the previous healthcare business UP&UP) for over twelve years. David Blair has been the CEO of Catalyst for over ten years.
