Prime Therapeutics Issues Major Pharmacy Rebates
Prospect Heights SD 23School · Prospect Heights, IL- Disclosed value
- $13,964,142 in prior year rebates plus $364,000 interest
- From agendapacket
- Document date
- Jan 29, 2025
The 30-second brief
Prime Therapeutics, the pharmacy benefit manager for EBC’s PPO plans, issued $13.96 million in prior year pharmacy rebates plus $364,000 in interest for the 2022 and 2023 plan years. The PBM also increased base monthly rebate levels to stabilize future rebate flows.
Prime Therapeutics holds this insurance contract with Prospect Heights SD 23. Its other public contracts on record include work for Sea Girt Borough School District and Henry Hudson Regional School District.
Term as filed: Rebates for years ended June 30, 2022 and 2023; base monthly rebates raised prospectively during FY 2024.
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Contract details
- Contract type
- Insurance
- Amount
- $13,964,142 in prior year rebates plus $364,000 interest
- Document date
- January 29, 2025
- Term
- Rebates for years ended June 30, 2022 and 2023; base monthly rebates raised prospectively during FY 2024
- Vendor
- Prime Therapeutics
- Agency
- Prospect Heights SD 23
- Source document
- Educational Benefit Cooperative AgendaPacket Preliminary Renewal Meeting 2025-01-29 (AgendaPacket)
Prime Therapeutics's other public contracts
More Prospect Heights SD 23 contracts
Questions about this contract
Who was awarded the insurance contract by Prospect Heights SD 23?
Prime Therapeutics was awarded this insurance contract by Prospect Heights SD 23, as recorded on January 29, 2025. The contract value is $13,964,142 in prior year rebates plus $364,000 interest.
How much is the Prime Therapeutics contract with Prospect Heights SD 23 worth?
The Prime Therapeutics contract with Prospect Heights SD 23 is valued at $13,964,142 in prior year rebates plus $364,000 interest, covering insurance work.
What type of contract is this?
This is a Insurance contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Educational Benefit Cooperative AgendaPacket Preliminary Renewal Meeting 2025-01-29 (AgendaPacket), dated January 29, 2025 from Prospect Heights SD 23. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Prime Therapeutics hold?
Prime Therapeutics may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Prospect Heights SD 23 currently buying?
Explore Prospect Heights SD 23's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.