SXC Health solutions announces Strong fourth quarter and year end financi... (n class xn-money $ 186600 $ 115486 ...)

SXC Health solutions announces Strong fourth quarter and year end financial results

Date:3/4/2010

n class="xn-money">$ 186,600 $ 115,486

profit % 10.3% 9.0% 47.1% 50.5% 13.0% 13.4%

PBM Revenue

PBM revenue increased 73% to $1.3 billion in 2009, compared to $771.8 million in 2008. PBM revenue was $416.8 million in Q4-2009 compared to $269.8 million in Q4-2008. PBM revenue increased due to the inclusion of a full year of revenue related to the NMHC business as compared to only eight months for the same period in 2008. In addition, the Company successfully converted several HCIT customers to full-service PBM customers.

HCIT Revenue

HCIT revenue increased 12.7% to $102.7 million in 2009, compared to $91.1 million in 2008. Recurring revenue in 2009
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SOURCE SXC Health Solutions Corp.
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