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

--- For the three For the twelve months ended months ended Non-GAAP Adjusted Earnings Per Share December 31, December 31, (in thousands, except per share data) 2009 2008 2009 2008 -------- -------- -------- -------- Net Income $15,193 $ 4,950 $46,061 $15,113 Amortization of NMHC Intangibles 1,679 2,680 7,583 7,769 Tax effect of NMHC Intangibles (537) (697) (2,453) (1,986) -------- -------- -------- -------- Adjusted net income $16,335 $ 6,933 $51,191 $20,896 -------- -------- -------- -------- -------- -------- -------- -------- Adjusted EPS $ 0.52 $ 0.28 $ 1.91 $ 0.89 (2) On April 30, 2008, SXC closed the acquisition of NMHC. As a result, SXC has introduced new segmentation and presentation of its financial results. Revenue is now segmented into two groups: Pharmacy Benefits Management ("PBM") which includes informedRx as well as mail-order and specialty pharmacies, and Healthcare Information Technology ("HCIT"). SXC records PBM revenue from NMHC exclusively on a gross basis which equates to the prescription price paid by consumers plus an administrative fee. The HCIT business records revenue only on the basis of the administrative fee; drug ingredient cost is not included in revenues or cost of claims.

The net effect is that SXC's year-over-y
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SOURCE SXC Health Solutions Corp.
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