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SXC Health solutions announces record third quarter financial results
Date:11/5/2009

    - Following strong quarterly results, SXC increases guidance for fiscal
    2009 -

LISLE, IL, Nov. 5 /PRNewswire-FirstCall/ - SXC Health Solutions Corp. ("SXC" or the "Company") (NASDAQ: SXCI, TSX: SXC), announces its financial results for the three- and nine-month periods ended September 30, 2009. Financial references are in U.S. dollars unless otherwise indicated.

    Q3 2009 Highlights
    ------------------

    -   Revenue was $383.5 million compared to $318.1 million in Q3 fiscal
        2008
    -   Gross profit was $47.7 million compared to $34.9 million in Q3 fiscal
        2008
    -   Adjusted EBITDA(1) was $24.3 million compared to $11.9 million in Q3
        fiscal 2008
    -   GAAP net income increased to $11.2 million, or $0.43 per share
        (fully-diluted), compared to $3.5 million, or $0.15 per share (fully-
        diluted), in Q3 fiscal 2008
    -   Non-GAAP adjusted earnings per share(1) (diluted), which excludes the
        NMHC transaction-related amortization, was $0.47 compared to $0.24 in
        Q3 fiscal 2008
    -   Cash from operations was $17.9 million compared to $3.3 million in Q3
        fiscal 2008
    -   Adjusted prescription claim volume(1) for the PBM segment was 9.9
        million compared to 8.9 million in Q3 fiscal 2008
    -   Gross margin per adjusted prescription for the PBM segment was $3.67
        compared to $2.77 in Q3 fiscal 2008
    -   Mail order penetration increased to 9.5% compared to 8% in Q3 fiscal
        2008
    -   Transaction processing volume for the HCIT segment was 92.0 million
        in Q3 fiscal 2009 compared to 103.3 million in Q3 fiscal 2008
    -   Awarded a contract with the Ohio Bureau of Workers' Compensation, the
        largest workers compensation organization in the U.S.
    -   Awarded a PBM services contract with Presbyterian Health Plan valued
        at $150 million annually
    -   Renewed a multi-year PBM contract with the Employer-Uni
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SOURCE SXC Health Solutions Corp.
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