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

pense of $6.8 million in Q3 2009, compared to an income tax expense of $1.3 million in Q3 2008. Income tax expense for the YTD period was $14.9 million, representing an effective tax rate of 32.5%, compared to an income tax expense of $3.5 million in the prior year period, representing an effective tax rate of 25.3%. The effective income tax rate increased year-over-year primarily due to greater pre-tax income that has resulted from the growth in the business.

Net Income

The Company reported Q3 2009 net income of $11.2 million, or $0.43 per share (fully-diluted), which included $1.7 million of intangible amortization related to the purchase of NMHC, compared to $3.5 million, or $0.15 per share (fully-diluted), which included $3.1 million of NMHC intangible amortization, in Q3 2008. Net income for the YTD period was $30.9 million, or $1.22 per share (fully-diluted), which also included $5.9 million of NMHC intangible amortization, compared to net income in the prior year period of $10.2 million, or $0.44 per share (fully-diluted), which included $5.1 million of NMHC intangible amortization.

Cash from Operations

SXC continues to generate strong cash from operations. For Q3 2009, the Company generated $17.9 million of cash through its operations, compared to $3.3 million during Q3 2008. The Company's quarterly cash flows can be impacted by the timing of pharmacy deposits and rebate payments it receives for certain customers. For the YTD period, SXC generated cash from operations of $49.6 million, compared to $20.6 million in the prior year period.

At September 30, 2009 and December 31, 2008, SXC had cash and cash equivalents totalling $319.5 million and $67.7 million, respectively. On September 23, 2009, SXC completed a public offering of 5,175,000 of its common shares, including 675,000 shares sold pursuant to the exercise of the underwriters' over-allotment option, for net proceeds to the Company of approxima
'/>"/>

SOURCE SXC Health Solutions Corp.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Related medicine news :

1. Oso Healthcare Provides Implementation and Support Services for ClearCanvas Open Source RIS/PACS
2. Ali′i Health Chooses Aprima Medical Software EHR/PM Solution from Local Reseller, Blue Cliff
3. Montana Now 20th State to Defend Health Care Choice
4. The Minnesota Nurses Association: School Nurses in Minnesota Celebrate 100 Years of Addressing Health Needs of School Children
5. Health Care Reform Legislation Becomes Vehicle for Reshaping Immigration Policy
6. HealthFitness Announces Third Quarter 2009 Financial Results
7. Genomic Health Announces Third Quarter 2009 Financial Results and Business Progress
8. Emerging infectious diseases call for One Health summit Nov. 17
9. Not What the Doctor Ordered: Rapid Environmental Change Threatens the Foundations of Human Health
10. Drexel Universitys Eleventh Street Health Services Recognized as National Model of Innovative Health Care
11. Childrens and Its Physicians Join Forces With Insurers to Accelerate Transformation of Pediatric Care to a More Effective and Efficient Health Care Delivery System
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/30/2015)... “ Milli the Snail ” was featured ... a look at the latest and coolest applications on the ... of AppWatch and technology expert, conducted the app review and ... engages and educates children. , Interactive mobile games for children ... content and games they are playing are doing much for ...
(Date:5/29/2015)... Montclair, NJ (PRWEB) May 30, 2015 ... and ever changing local and federal regulations, we ... needs of their patients who are suffering from ... regulations,” says Srinivas Nalamachu, MD, professor of rehabilitation ... Research Institute in Overland Park, Kansas. , A ...
(Date:5/29/2015)... 29, 2015 M3 USA MDLinx.com, source ... 14 medical specialties, now offers The Smartest Rheumatologist ... of rheumatology disorders ranging from Fibromyalgia and Osteoporosis, to ... director of MDLinx, and Caroline Tredway, editorial head of ... it will have on the physicians who participate. Says ...
(Date:5/29/2015)... May 29, 2015 The science of ... last decade. New and more efficient methods of FUE hair ... balding patients. One of the most cutting edge hair transplant ... Restoration is the technique of extracting hair from the beard ... are performed to correct male pattern baldness. Beard ...
(Date:5/29/2015)... Jan Wooden Howse lost her husband and ... all else: God does no wrong. , It’s fitting, then, ... passing is titled “God Does No Wrong.” It focuses on ... personal tragedy. , “My story has a positive message ... into something productive, something healing,” Howse said. , “God Does ...
Breaking Medicine News(10 mins):Health News:An Aesthetic Game that Engages and Educates Children was Featured on NewsWatch Television 2Health News:PAINWeekEnd Kansas City: Pain Management CME for the Main Street Practitioner 2Health News:MDLinx Launches Smartest Rheumatologist 2Health News:Beard to Scalp Hair Transplant: Newest Advance in Hair Transplant Technology 2Health News:Turning grief from a child’s passing into virtue 2
... reporting new evidence on how studded tires wintertime fixtures ... to pavement may also damage the health of motorists ... protrusions from the rubber tread that improve traction on icy ... Research in Toxicology , a monthly journal. Anders Ljungman ...
... (MRSA) is carried in the nose (nares), it is ... site infection. Some studies have found that the heavier the ... of transmission to others and the greater risk of infection ... differences in quantity of MRSA at different body sites. A ...
... Using a thermostatic mixer valve to control the maximum ... temperature of hot bath water and should reduce the ... of Nottingham. The study, carried out in partnership ... thermostatic mixing valve (TMV) fitted to the hot and ...
... quality of life. Painful, arthritic knees, shoulders and hips ... eliminating pain and giving a person a new lease ... plastic, doctors were able to take a patient,s cells ... one with a fully functional biological joint? A team ...
... Steven Reinberg HealthDay Reporter , TUESDAY, Jan. 4 ... receive an implantable cardioverter-defibrillator (ICD) may not need it, a ... put at higher risk of death and serious complications than ... researchers say in the Jan. 5 issue of the ...
... By Ellin Holohan HealthDay Reporter , WEDNESDAY, ... cut the number of chickenpox-related hospitalizations in the United States ... a new study. And a second study has ... by the U.S. Centers for Disease Control and Prevention in ...
Cached Medicine News:Health News:Where MRSA colonizes on the human body 2Health News:Thermostatic mixer valves could significantly reduce the risk of scalding in children, study finds 2Health News:Thermostatic mixer valves could significantly reduce the risk of scalding in children, study finds 3Health News:Biological joints could replace artificial joints soon 2Health News:Many May Get Unneeded Implantable Defibrillators 2Health News:Many May Get Unneeded Implantable Defibrillators 3Health News:Chickenpox Vaccine Cuts Hospitalization Rates: Study 2Health News:Chickenpox Vaccine Cuts Hospitalization Rates: Study 3Health News:Chickenpox Vaccine Cuts Hospitalization Rates: Study 4
(Date:5/29/2015)... May 29, 2015 Actinobac Biomed, NovoPedics, Inc. ... with investments from Foundation Venture Capital Group (FVCG), have ... 2015 as part of the Start-Up Stadium and Company ... James M. Golubieski . The ... will be held in Philadelphia ...
(Date:5/29/2015)... 29, 2015 Eli Lilly and Company (NYSE: ... Annual Global Healthcare Conference on Tuesday, June 9, 2015. ... Elanco Animal Health, will participate in a fireside chat ... A live audio webcast will be available on the ... http://investor.lilly.com/events.cfm . A replay of the fireside chat ...
(Date:5/29/2015)... and SPARTANBURG, South Carolina ... Guardian Research Network and Molecular Health have announced a ... molecular diagnostic decision support to the majority of cancer ... Research Network will collaborate with Molecular Health to harness ... to identify cohorts from hundreds of thousands of patients ...
Breaking Medicine Technology:Foundation Venture Capital Group Portfolio Companies to be Highlighted at Bio International in June 2Foundation Venture Capital Group Portfolio Companies to be Highlighted at Bio International in June 3Lilly to Participate in Goldman Sachs Global Healthcare Conference 2New Collaboration to Dramatically Expand Therapeutic Clinical Trial Access for Cancer Patients Across the United States 2New Collaboration to Dramatically Expand Therapeutic Clinical Trial Access for Cancer Patients Across the United States 3New Collaboration to Dramatically Expand Therapeutic Clinical Trial Access for Cancer Patients Across the United States 4
... 19, 2011 Business Monitor International (BMI) has announced ... The healthcare and pharmaceutical analysis ... for drugs and healthcare expenditure, imports and exports, and ... patented drugs and generics market segments. The forecasts are ...
... BEND, Wis., May 19, 2011 Leading-edge Clinical ... Research, LLC proudly receives the 2011 IQ (Innovation ... School of Management and BizTimes Media, a magazine ... and strategic insights. The revolutionary Spaulding IQ(SM) electrocardiogram ...
Cached Medicine Technology:Business Monitor International Launches Report on China's Pharmaceutical and Healthcare Industry 2Spaulding Clinical Honored at BizTech Conference 2
PremierEdge Stab Knives - 15....
More Info Lacrimal Intubation Set. Size: Probes 23g x 7"....
... versatile and uncomplicated use of the Leica ... obtained make it the instrument of choice ... cryostat applications. The open top stainless steel ... accessible and offers ample space for convenient ...
The HM 550 series is a uniquely progressive concept for use with frozen specimens of all types. User applications define module selection and make even serial sectioning enjoyable....
Medicine Products: