LISLE, IL, July 10 /CNW/ - SXC Health Solutions Corp. ("SXC" or the "Company") (NASDAQ: SXCI, TSX: SXC), a leading provider of pharmacy benefits management technology and services, announces a multi-year, multi-million dollar extension to its software maintenance and professional services agreement, and software license expansion with CVS Caremark Corporation.

The agreement provides CVS Caremark with software maintenance and professional services over a multi-year period along with expanded license rights. SXC has historically provided software maintenance and professional services to CVS Caremark. The scope of the services provided will not change under the new agreement.

"Since 1994, we have supported CVS Caremark or certain of the predecessor organizations; we are proud of our track record with this client and excited about the future prospects of working together," said Mike Bennof, SXC's Executive Vice President of Health Care Information Technology (HCIT). "This announcement validates our business strategy by demonstrating that we remain a valued provider of pharmacy and non-pharmacy related technology and services to a wide variety of health care organizations that manage prescription drug benefit programs."

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 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 www.sxc.com.

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