July 26, 2017 2:08 AM ET

Healthcare Providers and Services

Company Overview of Prime Therapeutics LLC

Company Overview

Prime Therapeutics LLC provides pharmacy benefit management solutions. The company manages pharmacy benefits for health plans, employers, and government programs, including Medicare and Medicaid. It also processes claims and delivers medicine to members offering clinical services for people with complex medical conditions. The company facilitates members to get personalized support from a team of pharmacists and clinical experts; assists doctors and healthcare professionals in delivering evidence-based care; and allows employers to enhance employee health. Prime Therapeutics LLC has a strategic alliance with Walgreen Co. The company was founded in 1998 and is based in Eagan, Minnesota.

1305 Corporate Center Drive

Eagan, MN 55121-1204

United States

Founded in 1998

Phone:

651-286-4000

Fax:

651-286-4263

Key Executives for Prime Therapeutics LLC

Chief Executive Officer, President and Director
Chief Financial Officer
Chief Operating Officer and Senior Vice President of Government Programs
Chief Information Officer and Senior Vice President
Senior Vice President and General Counsel
Age: 47
Compensation as of Fiscal Year 2017.

Prime Therapeutics LLC Key Developments

Prime Therapeutics LLC Breaks Ground on its New Operations Facility in Eagan, Minn

Prime Therapeutics LLC broke ground on its new operations facility in Eagan, Minn. The 400,000 sq. ft. facility will sit on approximately 40 acres in an office park south of Interstate 494 and east of Dodd Road in Eagan - adjacent to the new Minnesota Vikings corporate headquarters. It will be home to Prime’s IT and operations teams and will be flexible enough to accommodate Prime staff from four existing locations while also allowing for future growth. Currently, Prime employs more than 3,600 employees with more than 2,000 in Minnesota. Prime will retain its Bloomington, Minn. office.

Prime Therapeutics LLC to Provide Specialty Pharmacy Benefit Management to the Federal Employee Program

Prime Therapeutics LLC announced it has been selected to manage the specialty pharmacy benefit for the Federal Employee Program (FEP). The three-year agreement, effective Jan. 1, 2018, includes 5.4 million federal employees, retirees and their families. Prime will process claims and provide clinical support for FEP members, who fill an estimated 400,000 specialty prescriptions each year. Specialty drugs are the high-cost biologic medicines used to treat rare, complex or chronic conditions such as multiple sclerosis, auto immune disorders and cancer. They account for $5 billion in annual FEP spending on prescription medications.

Prime Therapeutics Names Mike Kolar Senior Vice President, General Counsel

Prime Therapeutics LLC (Prime) has named Mike Kolar as senior vice president, general counsel. He will lead Prime's legal and government affairs areas. Kolar previously held several executive roles, including chief legal and administrative officer, at Virtual Radiologic Corporation (vRad). Kolar also served as chief legal officer of health care reinsurance start-up MOBE, LLC, and as general counsel for Rooster.com.

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