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SXC Health solutions announces Strong fourth quarter and year end financial results
Date:3/4/2010

ew the reconciliation of adjusted EPS and adjusted EBITDA.

Adjusted EPS and adjusted EBITDA do not have standardized meanings prescribed by GAAP. The Company's method of calculating these items may differ from the methods used by other companies and, accordingly, it may not be comparable to similarly titled measures used by other companies. Reconciliation of adjusted EBITDA to net income and GAAP EPS (diluted) to adjusted EPS (diluted) are shown below:

                                             For the three    For the twelve
                                              months ended      months ended
                                               December 31,      December 31,
                                             2009     2008     2009     2008
                                          -------- -------- -------- --------
                                                      (in thousands)

    Adjusted EBITDA                       $30,413  $14,679  $94,712  $42,474

    Amortization of Intangible Assets      (2,246)  (3,088)  (9,724)  (9,365)

    Depreciation of Property & Equipment   (2,033)  (1,900)  (8,014)  (6,615)

    Stock-Based Compensation               (1,180)  (1,074)  (3,657)  (4,080)

    Other Income (Expense)                   (651)    (734)    (589)    (719)

    Interest Income (Expense), Net         (1,967)  (1,193)  (4,643)  (1,391)

    Income Tax (Expense)                   (7,143)  (1,740) (22,024)  (5,191)
                                          -------- -------- -------- --------

    Net Income                            $15,193  $ 4,950  $46,061  $15,113
                                          -------- -------- -------- --------
                                          -------- -------- -------- -----
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SOURCE SXC Health Solutions Corp.
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