Cypress Care

History

Healthcare Solutions is the parent company of Cypress Care, Procura Management, ScripNet and Modern Medical. Cypress Care was founded in 2001 by the Datelle Family as a pharmacy and ancillary benefit manager focused specifically in the workers’ compensation market. In 2006, Brazos Private Equity Partners, LLC purchased a majority ownership and in 2007 aligned Procura Management founded in 1989 and a provider of PPO, bill review, case management and Medicare set-aside services and Cypress Care. This partnership led to the formation of Healthcare Solutions, Inc., creating a complete workers’ compensation and auto cost management source.  In August 2012, Healthcare Solutions acquired ScripNet, another leading pharmacy benefit management company serving the workers’ compensation industry for over 16 years and one year later, acquired Modern Medical, a leading pharmacy management and ancillary services company to further strengthen Healthcare Solutions’ presence in the workers’ compensation market.

On April 8, 2015 Catamaran Corporation, the nations’ fastest growing pharmacy benefit management company, acquired Healthcare Solutions. Since 2011, Healthcare Solutions had been fully integrated with Catamaran, accessing Catamaran’s leading pharmacy network. More recently, on July 23, 2015, Healthcare Solutions became part of Optum™, a UnitedHealth Group company. This acquisition provides Healthcare Solutions the resources of a multi-billion dollar company, as well as the added expertise of its many talented people.  Healthcare Solutions now serves as the workers’ compensation division and center of excellence for Optum. Together with Optum, Healthcare Solutions remains committed to providing clients with the expertise and the resources to effectively manage medical costs and services that help claimants receive the most appropriate and effective care.