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Article: SXC Health Solutions announces $50 million PBM contract with Spectral Solutions, LLC.
- Article from:
- Biotech Week
- Article date:
- November 18, 2009
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SXC Health Solutions Corp. ("SXC" or the "Company") (NASDAQ:SXCI)(NASDAQ:TSX:)(NASDAQ:SXC), a leading provider of technology and pharmacy benefit management (PBM) services, announces that its informedRx PBM unit has been awarded a four-year contract to provide PBM services to Spectral Solutions LLC ("Spectral"), a Pharmacy Benefit Administrator that manages an annual drug spend of more than $50 million (see also Medicare and Medicaid).
Spectral delivers services to support the Medicare Part D plans of Freedom Health Plan Optimum HealthCare, Inc; America's 1st Choice Health Plans in North and South Carolina and Georgia; and also provides benefits for Freedom 1st ...