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SXC Health solutions announces record second quarter financial results
Date:8/6/2009

    2009 guidance revised higher based on solid year-to-date performance and
    positive outlook for the remainder of the year

LISLE, IL, Aug. 6 /PRNewswire-FirstCall/ - SXC Health Solutions Corp. ("SXC" or the "Company") (NASDAQ: SXCI, TSX: SXC), announces its financial results for the three- and six-month periods ended June 30, 2009. Financial references are in U.S. dollars unless otherwise indicated.

    Q2 2009 Highlights
    ------------------

    -   Revenue was $320.8 million, compared to $227.8 million in Q2 fiscal
        2008
    -   Gross profit was $47.2 million, compared to $29.8 million in Q2
        fiscal 2008
    -   Adjusted EBITDA(1) was $23.7 million compared, to $9.6 million in Q2
        fiscal 2008
    -   GAAP net income increased to $12.0 million, or $0.47 per share
        (fully-diluted), compared to $3.3 million, or $0.14 per share (fully-
        diluted), in Q2 fiscal 2008
    -   Non-GAAP adjusted earnings per share(1) (diluted), which excludes the
        NMHC transaction-related amortization, was $0.53, compared to $0.21
        in Q2 fiscal 2008
    -   Cash from operations was $19.8 million, compared to $9.0 million in
        Q2 fiscal 2008
    -   Adjusted prescription claim volume(1) for the PBM segment was
        8.9 million in Q2 fiscal 2009
    -   Gross margin per adjusted prescription for the PBM segment was
        $3.88 in Q2 fiscal 2009
    -   Transaction processing volume for the HCIT segment was 98.8 million
        in Q2 fiscal 2009
    -   Closed a multi-year, multi-million dollar agreement with Prime
        Therapeutics LLC
    -   Awarded a contract to provide PBM technology solutions and services
        for the Commonwealth of Virginia's Medicaid drug rebate program
    -   Subsequent to quarter-end, won a contract to provide PBM solu
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SOURCE SXC Health Solutions Corp.
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