August 1, 2012 / 10:29 AM / 5 years ago

Catamaran profit rises on acquisition

Aug 1 (Reuters) - Pharmacy benefit manager Catamaran Corp , formerly known as SXC Health Solutions, posted a 27 percent increase in second-quarter profit, helped by its acquisition of HealthTran.

Second-quarter net income rose to $27.3 million, or 41 cents per share, from $21.6 million, or 34 cents per share, a year earlier.

Revenue rose 40 percent to $1.7 billion.

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