Navigation Links
SXC Health Solutions announces Mark Thierer to be named President & CEO
Date:6/16/2008

LISLE, IL, June 16 /PRNewswire-FirstCall/ - SXC Health Solutions Corp. ("SXC" or the "Company") (NASDAQ: SXCI, TSX: SXC), a leading provider of pharmacy benefits management services, announces that effective June 30, 2008, Gordon S. Glenn, age 60, Chairman and Chief Executive Officer (CEO) will retire from the position of CEO, and Mark Thierer, age 48, previously President and Chief Operating Officer, will be appointed President and CEO. Both will continue to serve as members of the Board of Directors, with Mr. Glenn remaining Chairman of the Board until December 31, 2008.

"Our succession plan was put into effect in mid-2006 when we hired Mark, and this is an ideal time to pass the CEO responsibilities to him," said Gordon S. Glenn, SXC's Chairman of the Board. "I'm confident that Mark's industry knowledge and leadership capabilities, coupled with his energy and enthusiasm, will ensure that SXC will continue to grow successfully. With the integration of NMHC progressing according to plan, a growing pipeline in multiple markets and the most flexible and extensive product suite in the pharmacy benefits industry, the Company has never been on stronger footing. I have thoroughly enjoyed my time at SXC and I'm proud of the growth and value that our team has created with the company having achieved a ten-fold increase in enterprise value since being named CEO."

"On behalf of management and the Board of Directors, I would like to thank Gordon for his leadership and guidance during the past ten years," said Mark Thierer, President and CEO at SXC. "These are exciting times for SXC. The acquisition of NMHC completes our strategic footprint and positions us as a new and unique competitor in the PBM space. We are emerging as the industry's leading technology-enabled PBM, providing our customers a new level of control, flexibility, and cost management. We have added significant depth and expertise to our leadership team in the past year, and we have the right foundation in place to drive continued growth and success in the marketplace."

In its second quarter financial results, SXC will incur a one-time pre-tax charge of approximately $1.7 million related to the departure of Mr. Glenn.

About SXC Health Solutions Corp.

SXC Health Solutions Corp. is a leading provider of pharmacy benefits management (PBM) services and Health Care Information Technology (HCIT) solutions to the healthcare benefits management industry. The Company's product offerings and PBM solutions combine a wide range of software applications, application service provider (ASP) processing services and professional services, designed for many of the largest organizations in the pharmaceutical supply chain, such as Federal, provincial, and, state and local governments, pharmacy benefit managers, managed care organizations, retail pharmacy chains and other healthcare intermediaries. SXC is headquartered in Lisle, Illinois with 13 locations in the US and Canada. For more information please visit http://www.sxc.com.


'/>"/>
SOURCE SXC Health Solutions Inc.
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Making Healthcare More Affordable Is a National Priority
2. Hain Celestial to Open The NASDAQ Stock Market and Celebrate Summer With A Healthy Way of Life(TM)
3. Metropolitan Health Plan Announces Senior Management Appointments
4. DrScore, the Premier Online Patient Satisfaction Service Partners With Leading Healthcare Web Design Firm, Practis, Inc.
5. Denver Healths Dr. Patricia Gabow Receives NCHLs 2008 National Healthcare Leadership Award
6. DST Health Solutions(R) and Colorado Access Extend Agreement for Business Process Outsourcing Services
7. AMA Launches Campaign to Cut Waste From Chaotic Insurance Claims Process, Unveils New Health Insurer Report Card
8. Healthcare and Education Building Markets Remain Particularly Strong as Energy, Materials and Commodity Costs Drive Construction Pricing Upward
9. Microsoft to Showcase Innovative Solutions for Health Plans at AHIP Institute 2008
10. Aligntechinstitute.com Wins International Award of Excellence From Healthcare Communications Marketing Association
11. Emdeon Business Services Processes One Billionth Pharmacy Claim for Department of Defense and the U.S. Military Health System
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... , ... Yisrayl Hawkins, Pastor and Overseer at The House of Yahweh, has ... least understood books in the Holy Scriptures, Revelation. The Book of Revelation paints a ... centuries. Many have tossed it off as mere rubbish, but Yisrayl Hawkins says that ...
(Date:10/13/2017)... , ... October 13, 2017 , ... ... and Agile Software Development, has been awarded a contract by the Center for ... Agreement (BPA) aims to accelerate the enterprise use of Agile methodologies in a ...
(Date:10/13/2017)... (PRWEB) , ... October 13, 2017 , ... “America On ... Christian identity. “America On The Brink” is the creation of published author, William ... several great-grandchildren. As a WWII veteran, he spent thirty years in the Navy. ...
(Date:10/12/2017)... ... October 12, 2017 , ... ... treating sleep apnea using cutting-edge Oventus O2Vent technology. As many as ... disorder characterized by frequent cessation in breathing. Oral appliances can offer significant relief ...
(Date:10/12/2017)... ... October 12, 2017 , ... The ... demand of today’s consumer and regulatory authorities worldwide. From Children’s to Adults 50+, ... to meet the highest standard. , These products are also: Gluten Free, ...
Breaking Medicine News(10 mins):
(Date:10/2/2017)... 2017 Halo Labs announces the European launch of their ... HORIZON at MIBio 2017 in Cambridge, U.K ... matter in biopharmaceutical samples with unprecedented speed and sensitivity while using ... Backgrounded Membrane Imaging. ... subvisible particle analysis system ...
(Date:9/28/2017)... Sept. 28, 2017 Cohen Veterans Bioscience and ... use of wearable and home sensors for real-time monitoring ... Signal Foundation, a nonprofit organization focused on disruptive health ... an affordable analytical system to record and integrate behavioral, ... ...
(Date:9/25/2017)... AMSTERDAM , Sept. 25, 2017   ... Trial Master File solutions, today—from the IQPC Trial ... Amsterdam , NL)—announced that EastHORN Clinical Services ... its clinical programs and TMF management. EastHORN, a ... Montrium,s eTMF platform to increase transparency to enable ...
Breaking Medicine Technology: