Catamaran profit jumps after acquisitions

Thu Feb 28, 2013 6:22am EST
 
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Feb 28 (Reuters) - Pharmacy benefit manager Catamaran Corp reported a 59 percent jump in fourth-quarter profit, helped by the acquisition of HealthTran.

Net income attributable to the company rose to $42.5 million, or 21 cents per share, from $26.7 million, or 21 cents per share, a year earlier.

Catamaran, formerly known as SXC Health Solutions, said it executed a two-for-one stock split on Oct. 1.