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SXC Health Solutions announces completion of exchange offer for NMHC
Date:4/29/2008

LISLE, IL, April 29 /PRNewswire-FirstCall/ - SXC Health Solutions, Corp. ("SXC" or the "Company") (NASDAQ: SXCI, TSX: SXC), today announced that its indirect, wholly-owned subsidiary has accepted for payment and exchange all shares validly tendered pursuant to its exchange offer for all outstanding shares of common stock of National Medical Health Card Systems, Inc. (NASDAQ: NMHC) at a per share price of $7.70 in cash, without interest, and 0.217 of a common share of SXC.

As of the expiration of the exchange offer, based on information provided by the Exchange Agent and Depositary for the exchange offer, a total of approximately 11,729,145 shares of NMHC common stock were tendered and not withdrawn, representing approximately 90.15% of NMHC's outstanding shares.

"We are very pleased with the outcome of the exchange offer process," said Gordon S. Glenn, Chairman and CEO of SXC. "By receiving more than 90% approval from NMHC's shareholders, we can advance closing of the transaction on a fast-track basis. We now expect to close the merger in a day or two."

As SXC, through its indirect, wholly-owned subsidiary, now owns more than 90% of the outstanding shares of NMHC common stock, it expects to merge its subsidiary with and into NMHC pursuant to a short-form merger as a result of which NMHC will become an indirect, wholly-owned subsidiary of SXC and each share of common stock of NMHC outstanding immediately prior to the short-form merger (other than shares of NMHC common stock held in NMHC's treasury
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SOURCE SXC Health Solutions, Inc.
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