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Madison-based Navitus, with Costco as part owner, expands its drug benefit business

  • Jun 7, 2021
  • PBM Model
Navitus, mostly owned by SSM Health, opened a new Madison headquarters near West Towne Mall in April 2019. David Fields was named CEO in April 2020, a month after the company announced the minority equity interest purchase by Issaquah, Washington-based Costco, which is No. 14 on the Fortune 500 company list.

As Navitus itself makes acquisitions, including of a specialty pharmacy in Maryland this year, the company continues to set itself apart from most pharmacy benefit managers, or PBMs, by how it makes money.

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