Milwaukee, Wis. – August 26, 2010 – Restat, the nation’s largest independent pharmacy benefits manager has announced the signing of the Public Employee Benefits Alliance (PEBA) as its latest Align cost-plus pricing model client. PEBA, an organization formed by several Texas government employers, cooperatively purchases employee benefits -- including health care benefits -- on behalf of the local government entities.

"We are delighted to learn that PEBA has provided us access to its membership to help better manage the cost and quality of their prescription benefit. The addition of PEBA to our growing list of Align clients further validates our unique cost clarity and cost containment network strategies.," said Restat President, David Kwasny. "PEBA’s decision confirms the importance of our mission to simplify the purchase and use of healthcare."

"This relationship provides the PEBA membership with the most proactive cost competitive and clinically effective business model for the PEBA membership," saidPEBA Board Chairman Leonard Martin. "By contracting with Restat we’ve stayed true to our commitment to purchase competitively on behalf of the membership while providing high-quality, evidence-based healthcare and related benefits and services. In addition, Restat’s business philosophy complements PEBA’s implementation of the 2010 medication therapy management program.

The relationship will allow Restat to potentially contract with approximately 250,000 political subdivision employee and dependents lives, including the 700 groups that are currently accessing Restat’s Pharmacy Benefit Management Services.

ABOUT PEBA:  The Public Employee Benefits Alliance (PEBA) was established in 2006 by Interlocal Agreement of several Texas local governments pursuant to Chapter 791 and 271 of the Texas Local Government Code. The purpose of PEBA is to cooperatively purchase employee benefits, including health care benefits for multiple local government employers. PEBA is an organization that represents its participating Texas political subdivision with proposal/bid and negotiations of healthcare providers and vendors of healthcare benefits. The participating political subdivisions through PEBA are working together as a purchasing alliance.

ABOUT RESTAT:  A member of the Dohmen family of companies, Restat simplifies the purchase and use of healthcare services through independent health benefits management. As the largest independent PBM, Restat has no ownership ties to drug manufacturers or distribution channels, making it uniquely positioned to provide customers with unbiased benefit management solutions. Today, more than 4,200 companies, ranging in size from the Fortune 50 to small managed care organizations rely on Restat to manage the prescription benefit for more than12.2 million people nationwide. To learn more, visit www.restat.com or call 800.926.5858.