SXC Health Solutions Corp. Commences Exchange Offer For Shares Of National Medical Health Card Systems, Inc.



    NMHC's Board Has Unanimously Recommended That NMHC's Stockholders Accept
    SXC's Offer

    LISLE, IL and PORT WASHINGTON, NY, March 31 /CNW/ - SXC Health Solutions
Corp. ("SXC") (Nasdaq:   SXCI; TSX: SXC) and National Medical Health Card
Systems, Inc. ("NMHC") (Nasdaq:   NMHC) jointly announced today that, pursuant
to their previously announced merger agreement, SXC is commencing today an
exchange offer for all of the outstanding shares of NMHC common stock. Subject
to the terms and conditions of the offer, NMHC stockholders will receive (i)
0.217 of a common share of SXC and (ii) $7.70 in cash for each share of NMHC
common stock tendered. The exchange offer, if consummated, will be followed by
a merger for the same consideration to NMHC stockholders as offered in the
exchange offer.
    The exchange offer is scheduled to expire at 10 a.m., New York City time,
on Tuesday, April 29, 2008, unless the offer is extended subject to applicable
law and the terms of the merger agreement. The terms and conditions of the
offer are described in the offer documents to be mailed to NMHC stockholders
and filed with the U.S. Securities and Exchange Commission (the "SEC").
Consummation of the transaction is subject to the condition that there be
validly tendered, and not withdrawn, at least 9,600,000 shares of NMHC common
stock, receipt of certain regulatory approvals and certain other conditions
and termination provisions.
    The Board of Directors of NMHC has unanimously recommended that NMHC
stockholders tender their shares of NMHC common stock in the offer. A more
detailed description of this recommendation can be found in the
Solicitation/Recommendation Statement on Schedule 14D-9 that NMHC is filing
with the SEC today, March 31, 2008.
    Concurrently with the execution of the merger agreement, SXC entered into
stockholder agreements with NMHC and each of New Mountain Partners, L.P. and
New Mountain Affiliated Investors, L.P. (collectively, "New Mountain"). In
connection with the stockholder agreements, New Mountain agreed to tender all
of its shares of NMHC stock within five business days of the commencement of
the exchange offer. As of March 31, 2008, New Mountain owned 6,956,522 shares
of NMHC convertible preferred stock, which represents approximately 54% of the
issued and outstanding shares of NMHC common stock (on a converted basis).
    NMHC stockholders are urged to read carefully the offer documents and
NMHC's Solicitation/Recommendation Statement. Copies of these documents may be
obtained at no charge from the website maintained by the SEC at www.sec.gov.
Copies of the offer documents may also be obtained at no charge from Kingsdale
Shareholder Services, Inc., the Information Agent for the offer, toll-free at
1-866-851-3215.

    About SXC
    ---------

    SXC is a leading provider of pharmacy benefits management ("PBM")
services and healthcare IT solutions to the healthcare benefits management
industry. SXC'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.

    About NMHC
    ----------
    NMHC provides PBM services in the United States. Its PBM services include
electronic point-of-sale pharmacy claims management, retail pharmacy network
management, mail service pharmacy claims management, specialty pharmacy claims
management, Medicare Part D services, benefit design consultation, preferred
drug management programs, drug review and analysis, consulting services, data
access, and reporting and information analysis. It also owns and operates a
mail service pharmacy and a specialty pharmacy. NMHC markets its services
through direct sales force, brokers, and consultants. It serves managed care
organizations, local governments, unions, corporations, health maintenance
organizations, employers, workers' compensation plans, third party health care
plan administrators, and federal and state government programs through its
network of licensed pharmacies. NMHC was founded in 1981 and is headquartered
in Port Washington, New York.

    Additional Information
    ----------------------
    A registration statement relating to the SXC common shares being offered
is being filed today with the SEC but has not yet become effective. Such
securities may not be sold, nor may offers to buy be accepted, prior to the
time the registration statement becomes effective. SXC is also filing today
with the SEC a Schedule TO with respect to the exchange offer. NMHC is also
filing today with the SEC a Solicitation/Recommendation Statement on Schedule
14D-9 with respect to the exchange offer. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy any
securities, nor shall there be any sale of securities in any jurisdiction in
which such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such jurisdiction. The offer
may only be made pursuant to the Prospectus and the accompanying Letter of
Transmittal, which are included in the offer materials. SXC and NMHC are
mailing today the Prospectus and related exchange offer materials, as well as
the Schedule 14D-9, to NMHC stockholders. NMHC STOCKHOLDERS ARE URGED TO
CAREFULLY READ THESE DOCUMENTS AND THE OTHER DOCUMENTS RELATING TO THE
EXCHANGE OFFER BECAUSE THESE DOCUMENTS CONTAIN IMPORTANT INFORMATION RELATING
TO THE OFFER. You may obtain a free copy of these documents, and other annual,
quarterly and special reports, proxy statements and other information filed
with the SEC by SXC or NMHC, at the SEC's website at www.sec.gov. A free copy
of the exchange offer materials may also be obtained from SXC, NMHC or
Kingsdale Shareholder Services, Inc., the Information Agent for the exchange
offer, toll-free at 1-866-851-3215.

    Forward-looking Statements

    This communication contains forward-looking statements. Forward-looking
statements may be identified by words such as "believes", "expects",
"anticipates", "estimates", "projects", "intends", "should", "seeks",
"future", "continue", or the negative of such terms, or other comparable
terminology. Forward-looking statements are subject to risks, uncertainties,
assumptions and other factors that are difficult to predict and that could
cause actual results to vary materially from those expressed in or indicated
by them. Factors that could cause actual results to differ materially include,
but are not limited to: (1) the occurrence of any event, change or other
circumstances that could give rise to the termination of the merger agreement;
(2) the outcome of any legal proceedings that have been or may be instituted
against NMHC or SXC and others following announcement of the merger agreement;
(3) the inability to complete the offer or the merger due to the failure to
satisfy the conditions to the offer and the merger, including SXC's receipt of
financing, the expiration of the waiting period under the Hart-Scott-Rodino
Antitrust Improvements Act of 1976, as amended, and the receipt of other
required regulatory approvals; (4) risks that the proposed transaction
disrupts current plans and operations and potential difficulties in employee
retention as a result of the offer or the merger; (5) the ability to recognize
the benefits of the merger; (6) the actual terms of the financing obtained in
connection with the offer and the merger; (7) legislative, regulatory and
economic developments; and (8) other factors described in filings with the
SEC. Many of the factors that will determine the outcome of the subject matter
of this communication are beyond NMHC's and SXC's ability to control or
predict. The companies can give no assurance that any of the transactions
related to the offer will be completed or that the conditions to the offer and
the merger will be satisfied. The companies undertake no obligation to revise
or update any forward-looking statement, or to make any other forward-looking
statements, whether as a result of new information, future events or
otherwise. The companies are not responsible for updating the information
contained in this communication beyond the published date, or for changes made
to this communication by wire services or Internet service providers.





For further information:

For further information: Jeff Park, Chief Financial Officer, SXC Health
Solutions Corp., (630) 577-3206, investors@sxc.com; Dave Mason, SXC Investor
Relations - CDN, The Equicom Group Inc., (416) 815-0700 ext. 237,
dmason@equicomgroup.com; Susan Noonan, SXC Investor Relations - U.S., The SAN
Group, LLC, (212) 966-3650, susan@sanoonan.com; Stuart Diamond, Chief
Financial Officer, NMHC, (516) 605-6640, sdiamond@nmhc.com

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