LISLE, IL, April 28 /PRNewswire-FirstCall/ - SXC Health Solutions, Corp.("SXC" or the "Company") (NASDAQ: SXCI, TSX: SXC), a leading provider ofpharmacy benefits management services, announces that it has been notified bya State Medicaid program that it has the leading competitive bid to beconsidered for the awarding of a three-year $35 million Pharmacy BenefitsManager (PBM) contract.
While there is no assurance as to when, if at all, a contract will beawarded to the Company, the contract would be for three years with an expectedlaunch date of October 1, 2008, and would include two one-year extensionoptions. Further details of the anticipated contract will be available ifexecuted.
About SXC Health Solutions
SXC Health Solutions, Corp. (SXC) is a leading provider of pharmacybenefits management (PBM) services and healthcare IT solutions to thehealthcare benefits management industry. The Company's product offerings andsolutions combine a wide range of software applications, application serviceprovider (ASP) processing services and professional services, designed formany of the largest organizations in the pharmaceutical supply chain, such asFederal, provincial, and, state and local governments, pharmacy benefitmanagers, managed care organizations, retail pharmacy chains and otherhealthcare intermediaries. SXC is based in Lisle, Illinois with locations in;Scottsdale, Arizona; Warminster, Pennsylvania; Alpharetta, Georgia; Milton,Ontario and Victoria, British Columbia. For more information please visitwww.sxc.com.
SOURCE SXC Health Solutions, Inc.