LISLE, IL, Oct. 25, 2011 /CHICAGOPRESSRELEASE.COM/ – SXC Health Solutions Corp. (“SXC” or
the “Company”) (NASDAQ: SXCI, TSX: SXC), a leading provider of
technology and pharmacy benefit management (PBM) services, announces
that it has signed a five-year Health Care Information Technology
(“HCIT”) contract renewal with Catalyst Health Solutions, Inc. (NASDAQ:
“Catalyst has been a long-term and valued client of SXC. This contract
renewal ensures that Catalyst will continue to be a very important part
of our HCIT business and demonstrates our commitment to client
retention as a key component of our growth strategy,” said Mark
Thierer, Chairman and CEO of SXC.
About SXC Health Solutions Corp.
SXC Health Solutions Corp. is a leading provider of pharmacy benefits
management (PBM) services and Health Care Information Technology (HCIT)
solutions to the healthcare benefits management industry. The Company’s
product offerings and solutions combine a wide range of PBM services
and software applications, application service provider (ASP)
processing services and professional services, designed for many of the
largest organizations in the pharmaceutical supply chain, such as
health plans, employers, federal, provincial, and, state and local
governments, pharmacy benefit managers, retail pharmacy chains and
other healthcare intermediaries. SXC is headquartered in Lisle,
Illinois with multiple locations in the US and Canada.
For more information please visit www.sxc.com.
About Catalyst Health Solutions, Inc.
Catalyst Health Solutions, Inc., the fastest-growing national PBM in the
U.S., is built on strong, innovative principles in the management of
prescription drug benefits and provides an unbiased, client-centered
philosophy resulting in industry-leading client retention rates. The
Company’s subsidiaries include Catalyst Rx, a full-service pharmacy
benefit manager (PBM) serving more than 18 million lives in the United
States and Puerto Rico; HospiScript Services, LLC, one of the largest
providers of PBM services to the hospice industry; FutureScripts, LLC,
a full-service PBM serving approximately 1 million lives in the
mid-Atlantic region, and Immediate Pharmaceutical Services, Inc., a
fully integrated prescription mail service facility in Avon Lake, Ohio.
The Company’s clients include self-insured employers, including state
and local governments, managed care organizations, unions, hospices,
third-party administrators and individuals.
SOURCE SXC Health Solutions Corp.