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:5/29/2017)... ... May 29, 2017 , ... Jonathan Neil & Associates, Inc. (JNA), ... announce the launch of its newly designed website. The new website features a ... and mobile users, more in depth information on core Services, Industries served and added ...
(Date:5/28/2017)... ... 28, 2017 , ... Starting in May, patients at The Bay Clinic ... (HRV) diagnostic test. , Nerve-Express, originally designed for the Navy in the 1980s, measures ... a patient’s autonomic nervous system (ANS). The ANS controls all the critical unconscious ...
(Date:5/27/2017)... ... 2017 , ... A May 8 article on CBCNews reports that ... issues that are not responsive to antibiotics nevertheless obtain prescriptions for them. The article ... for the problem both in Canada and the United States. Dr. Michael Farzam of ...
(Date:5/26/2017)... , ... May 26, 2017 , ... Mediaplanet is proud ... Care" campaign in USA Today, which will educate readers on how to take care ... campaign, a large focus is placed on melanoma. Dancing with the Stars professional, Witney ...
(Date:5/26/2017)... Santa Clara, Calif. (PRWEB) , ... May 26, ... ... technology, announces the integration of the CareFusion NOX-T3 portable sleep monitor with its ... that provides a consistent, browser-based interface for diagnostic device operations. With this platform, ...
Breaking Medicine News(10 mins):
(Date:5/15/2017)... -- Amy Baxter MD, chief executive officer and founder of ... was awarded a 2017 Top 40 Healthcare Transformer designation ... the MM&M Top 40 Healthcare Transformers dinner and awards ... May 10, 2017. The dinner followed a full-day conference ... pill."  "Innovation goes beyond invention," noted Baxter ...
(Date:5/10/2017)... -- Global Health Intelligence (GHI), the leading healthcare ... published its 2017 ranking of the Best-Equipped Hospitals in ... analysis from GHI,s hospitals database for Latin America , ... The GHI database covers 86% of the hospitals in ... points for each institution in key areas such as beds, ...
(Date:5/9/2017)... WASHINGTON , May 9, 2017  Demonstrating ... the board of directors for the Pharmaceutical Research ... criteria for membership. Biopharmaceutical companies will now have ... in order to be eligible to join PhRMA. ... criteria, the board is sending a clear message ...
Breaking Medicine Technology: