Progressive Medical Inc. and PMSI Inc., two workers compensation pharmacy benefit managers that merged in October, will begin operating under the name Helios in August, according to a statement issued Tuesday.
Helios is based in Memphis, Tennessee, and employs more than 1,400 workers nationwide, including at Progressive Medical’s Westerville, Ohio, location, PMSI’s Tampa, Florida, office and offices in Salt Lake City and Price, Utah, according to the Helios website. The rebranding will be fully effective Aug. 18.
“Our new name is the outcome of a thorough and deliberate process that involved a great deal of research,” the company said in a statement posted online. “We considered a large number of concepts and in the end, selected Helios for its strong representation of our brand, the vigor in which we operate, and overall positive disposition.”