NEW YORK, Aug. 19 /CNW/ - FORTUNE announced Thursday that SXC Health Solutions has been ranked sixth on the 2010 "100 Fastest-Growing Companies" list. The full list and related stories appear in the September 6, 2010 issue of FORTUNE, and now at http://money.cnn.com/magazines/fortune/fortunefastestgrowing/2010/index.html.
"Our momentum has been phenomenal and our unique offering continues to resonate in a market that is ready for change," said Mark Thierer, President and CEO of SXC. "The combination of our core technology assets and our skills and expertise has positioned us to deliver real value to our clients and fuel strong organic growth. This designation is validation of our continued exceptional performance."
To qualify for 100 Fastest-Growing Companies, foreign or domestic companies had to meet the following criteria: be trading on a major U.S. stock exchange; file quarterly reports with the SEC; have a minimum market capitalization of $250 million and a stock price of at least $5 on June 30, 2010; and have been trading continuously since June 30, 2007. The company must also have revenue and net income of at least $50 million and $10 million, respectively, for the four quarters ended on or before April 30, 2010. Finally, the company must have posted an annualized growth in revenue and earnings per share of at least 15% annually over the three years ended on or before April 30, 2010.
Companies that meet the above criteria were ranked by revenue growth rate; EPS growth rate; and three-year annualized total return for the period ended June 30, 2010. (To compute the revenue and EPS growth rates, FORTUNE uses a trailing four quarters log linear least square regression fit.) The overall rank was based on the sum of the three ranks. Once the 100 companies were identified, they were then re-ranked within the 100, using the three equally weighted variables. If there is a tie, the company with the larger four-quarter revenue receives the higher rank.
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.
For further information: For further information: Jeff Park, Chief Financial Officer, SXC Health Solutions Corp., Tel: (630) 577-3206, firstname.lastname@example.org; Dave Mason, Investor Relations - Canada, The Equicom Group Inc., (416) 815-0700 ext. 237, email@example.com; Susan Noonan, Investor Relations - U.S., The SAN Group, LLC, (212) 966-3650, firstname.lastname@example.org