SXC Health (SXCI) To Acquire National Medical Health Card (NMHC) In Cash/Stock Deal Worth $11/Sh

February 26, 2008 8:13 AM EST

SXC Health Solutions Corp. (NASDAQ: SXCI) and National Medical Health Card Systems, Inc. (NASDAQ: NMHC) entered into a definitive agreement for SXC to acquire NMHC pursuant to an exchange offer. The purchase price will be funded with a combination of 70% cash and 30% SXC stock, resulting in a transaction value of approximately $143 million, or an estimated $11.00 per share of NMHC using the 20-day average closing price of SXC stock to value the share portion of the consideration.

National Medical Health Card closed at $9.85 yesterday.

The acquisition is expected to close in the second quarter of 2008.


Related Categories

Hot List
Mergers and Acquisitions

Stocks Mentioned

NMHC 11.07

+0.00 +0.00%
Volume: 0
Track NMHC

SXCI 52.07

+2.39 +4.81%
Volume: 211,298
Track SXCI


Add Your Comment