LISLE, IL, April 28 /PRNewswire-FirstCall/ - SXC Health Solutions, Corp. ("SXC" or the "Company") (NASDAQ: SXCI, TSX: SXC), a leading provider of pharmacy benefits management services, announces that it has been notified by a State Medicaid program that it has the leading competitive bid to be considered for the awarding of a three-year $35 million Pharmacy Benefits Manager (PBM) contract.
While there is no assurance as to when, if at all, a contract will be awarded to the Company, the contract would be for three years with an expected launch date of October 1, 2008, and would include two one-year extension options. Further details of the anticipated contract will be available if executed.
About SXC Health Solutions
SXC Health Solutions, Corp. (SXC) is a leading provider of pharmacy benefits management (PBM) services and healthcare IT solutions to the healthcare benefits management industry. The Company's product offerings and solutions combine a wide range of 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 Federal, provincial, and, state and local governments, pharmacy benefit managers, managed care organizations, retail pharmacy chains and other healthcare 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 visit www.sxc.com.
SOURCE SXC Health Solutions, Inc.