MedfusionRx acquisition boosts SXC's 2010 sales

LISLE, Ill. — Pharmacy benefit manager SXC Health Solutions had revenues of $1.95 billion in 2010, compared with $1.44 billion in 2009, according to an earnings report released Thursday.

Profit for the year was $64.7 million, compared with $46.1 million in 2009.

“Our 2010 results demonstrate how effectively we can compete in the PBM space with our high-performance technology platform coupled with our comprehensive clinical offering and focus on client service,” SXC president and CEO Mark Thierer said. “We have all the elements in place to continue to grow and to take SXC to the next level.”

Highlights for the year included the purchase of specialty pharmacy provider MedfusionRx, a move that the company said would enhance its capabilities in the specialty space.

“The acquisition of MedfusionRx is a great example of our approach to expanding our scale and skill in strategic areas, like specialty pharmacy, in order to support our continuing organic growth,” Thierer said.