MedImpact Taps Former Prudential Exec Steve Shulman to Join Board
SAN DIEGO, CA — Dec. 18, 2013 — MedImpact Healthcare Systems, Inc., the nation's largest privately held provider of pharmacy benefit management (PBM) services, today announced Steve Shulman has joined its board of directors. He brings with him a diverse combination of senior management capability, operational knowledge, as well as corporate development experience. Within the healthcare industry, Steve has a reputation as a growth-oriented board member focusing on enhancing corporate profitability.
Steve is currently Managing Director of Shulman Ventures, a private equity investment firm, and an operating partner with Water Street Healthcare Partners (WSHP) and Tower Three Partners. During his tenure as Chairman, President and CEO at Prudential Healthcare, he improved operating results by nearly $1 billion in less than three years.
Earlier in his career, Steve held executive level positions at several major healthcare companies, including Magellan Health Services, Kaiser Permanente and CIGNA HealthPlan. In 2007, he was recognized by Institutional Investor magazine as one of the top CEOs in the managed care industry. Among his civic contributions, Steve served on the board of Trustees of the Crohn's and Colitis Foundation of America, as well as the University of Hartford's Art School.
About MedImpact Healthcare Systems, Inc.
MedImpact Healthcare Systems, Inc. (http://www.medimpact.com), founded in 1989 and headquartered in San Diego, CA, is a PBM that combines subject matter expertise with innovative technology and services to deliver better health care outcomes and improve its clients' positions in the market. MedImpact provides PBM services to 47 million members of health plans, hospitals and employers in the U.S. and abroad. MedImpact's model is unique: avoiding conflict of interest by not owning mail order or specialty pharmacies and instead deriving revenue from effectively managing client pharmacy benefits. MedImpact's results are quantified through detailed peer analysis, demonstrating how the company can help its clients be market leaders rather than followers.
Gordon Romanas, Vice President of Marketing
MedImpact Healthcare Systems, Inc.