Healthextras Inc. was incorporated in Delaware in 1999. The Company provides pharmacy benefit management or PBM services and supplemental benefit programs. The Company's PBM segment, which operates under the brand name Catalyst Rx is the primary source of the growth and profits. The Company's PBM segment, Catalyst Rx, provides its clients access to a contracted, non-exclusive national network of more than 55,000 pharmacies. Catalyst Rx's services provide its clients' members with timely and accurate benefit adjudication, while controlling pharmacy spending trends through customized plan designs, physician orientation programs and member education. Catalyst Rx maintains an electronic point-of-sale system of eligibility verification and plan design information, and offers access to rebate arrangements for certain branded pharmaceuticals. The Company also offers supplemental benefit programs developed by them under the brand name HealthExtras, which include lump sum accidental disability benefits, accidental death and dismemberment benefits, and emergency accident and sickness medical benefits. The Company contract with insurance companies to underwrite the insurance components of these programs. Telemarketing is one of the primary means by which the Company's programs are marketed. The Company is subject to numerous federal and state regulations.

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