MC-21 joins forces with ProCare Rx
Caguas, Puerto Rico
May 7, 2018
With the intention of broadening its service offering and strengthening key capabilities, MC-21 Corporation, the market leading Pharmacy Benefit Manager (“PBM”) in Puerto Rico, has joined forces with ProCare Rx, a leading independent national PBM that was founded by Roger Burgess almost 30 years ago. ProCare Rx is headquartered in Gainesville, Georgia with multiple locations throughout the United States.
This new chapter in MC-21’s 20-year history as Puerto Rico’s market leader was formalized on April 30, 2018. The company will continue to be led by Rosa Hernández, MC-21’s President since its inception and her current management team. Joaquin Viso, will continue to serve on the MC-21 Board and has been invited to join the ProCare Rx Board.
MC-21 President, Rosa Hernández said, “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”. Rosa Hernández added, “There will be no disruption in the award-winning service levels currently enjoyed by MC-21’s clients”.
A key to this union was the common vision that both companies share in providing efficient and cost-effective services tailored to the client needs. The business focus of both companies will continue to concentrate on health 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 Puerto Rico and in the U.S. As a result, the integration also contemplates the development of a new MC-21 dedicated business unit to provide services to the United States from Puerto Rico, such as Medicare Part D, Medicaid, health analytics and innovative programs.
With this union, the combined companies will manage more than 174 million prescriptions per year for over 8 million members.
The union aims to address the rapid evolution in the healthcare industry, both in Puerto Rico and in the United States, to continue providing state of the art client–focused solutions with an expanded portfolio of services and capabilities, doing so from Puerto Rico while taking advantage of the island’s attractive benefits.
ProCare Rx is known in the industry for its long-term focus on transparency and innovative cost containment approaches that have translated into an impressive year over year growth and has propelled ProCare Rx to become a major player on the national scene. The company, founded in 1988, initially specialized in the design and development of customized healthcare information technology solutions and has evolved into a full service Pharmacy Benefit Manager.
For more information about MC-21, please contact:
787 225 3466
For information about ProCare Rx, please contact:
Barbara Rambo, ProCare Rx CFO
678 248 3101