SXC Health Solutions announces contract with PharMerica



    - Agreement strengthens SXC's lead in the Long-Term Care market -

    LISLE, IL, Jan. 5 /CNW/ - SXC Health Solutions Corp. ("SXC" or the
"Company") (NASDAQ:   SXCI, TSX: SXC), a leading provider of technology and
pharmacy benefit management services, announces that its Health Care
Information Technology business group has been awarded a three-year,
multi-million dollar contract to provide its Resident Care Management (RCM)
offering of technology and services to PharMerica Corporation (NYSE:   PMC) of
Louisville, Kentucky.
    Under terms of the agreement, PharMerica will receive SXC's
industry-leading Long-Term Care (LTC) claims adjudication and RCM consulting
services. PharMerica operates more than 100 institutional pharmacies
throughout the U.S., and serves approximately 326,000 patient beds in LTC
facilities.
    "We are pleased to add another premier client such as PharMerica to our
LTC business," said Mark Thierer, President and CEO of SXC. "The LTC market is
beginning to invest more heavily in advanced managed pharmacy services
creating a significant market opportunity for SXC. Our sophisticated
technology, broad clinical expertise and flexible service-delivery model make
us an innovative player that is well positioned to capture a significant share
of this developing market."
    "SXC's RCM products are key elements in PharMerica's plan to improve the
quality of our pharmacy services and deliver proven cost management
solutions," said Greg Weishar, CEO at PharMerica. "The flexibility of SXC's
technology and our ability to easily integrate RCM were critical factors in
choosing SXC."

    About PharMerica Corporation

    PharMerica Corporation is an industry leading institutional pharmacy
services provider dedicated to providing quality customer service and
innovative pharmacy solutions to Long Term Care Providers and
institutionalized long term care patients. Headquartered in Louisville,
Kentucky, PharMerica operates more than 100 institutional pharmacies that
serve over 326,000 patients as of September 30, 2008. PharMerica has
approximately 6,200 employees nationwide. Additional information can be found
at www.pharmerica.com.

    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 13 locations in the US and Canada. For
more information please visit www.sxc.com.

    %SEDAR: 00001439E




For further information:

For further information: Jeff Park, Chief Financial Officer, SXC Health
Solutions Corp., Tel: (630) 577-3206, investors@sxc.com; Dave Mason, Investor
Relations - Canada, The Equicom Group Inc., (416) 815-0700 ext. 237,
dmason@equicomgroup.com; Susan Noonan, Investor Relations - U.S., The SAN
Group, LLC, (212) 966-3650, susan@sanoonan.com

Organization Profile

Catamaran

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890