SXC's informedRx PBM unit receives three-year contract

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Oct 20 2010

SXC Health Solutions Corp. ("SXC" or the "Company") (NASDAQ: SXCI, TSX: SXC), a leading provider of pharmacy benefit management (PBM) products and services, today announced that its informedRx PBM unit has been awarded a three-year contract valued at approximately $240 million per year with a large Health Plan based on the U.S. east coast. The contract is effective April 1, 2011.

Under the terms of the agreement, SXC is providing a flexible and customized suite of PBM services, including Medicare Part D compliance services, to help the Health Plan manage its pharmacy program and overall drug spend.

"Our ability to customize a PBM solution for clients that delivers cost containment, improved healthcare outcomes and the level of control they require was key to earning this business," said Mark Thierer, President and CEO of SXC. "This contract expands our presence on the east coast and further highlights the value of our expertise in the management of commercial and Medicare Part D PBM services."

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SXC Health Solutions Corp.

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