Davis Polk advised underwriters represented by J.P. Morgan Securities LLC and Barclays Capital Inc. in connection with a dual-listed offering by SXC Health Solutions Corp. of 5,980,000 common shares for approximately $518.6 million in net proceeds. The shares are listed on Nasdaq and the Toronto Stock Exchange and the offering is registered with the SEC.

SXC Health Solutions Corp. is a leading provider of pharmacy benefit management (PBM) services and health care information technology solutions to the health care benefit management industry. SXC’s product offerings and solutions combine a wide range of PBM services and software applications, application service provider processing services and professional services, designed for many of the largest organizations in the pharmaceutical supply chain, such as health plans, employers, federal, provincial, and state and local governments, pharmacy benefit managers, retail pharmacy chains and other health care intermediaries.

The Davis Polk corporate team included partner Deanna L. Kirkpatrick, associate Sophia Hudson and law clerk Adam Balin. The tax team included partner Harry Ballan and law clerk Isaac MacDonald. Counsel Loyti Cheng and associate Amy E. Turner provided environmental advice. Associates Emma Maconick and Bruce Rose-Innes provided intellectual property advice. Kristyn M. Dunleavy was the legal assistant for the transaction. Members of the Davis Polk team are based in the New York and Menlo Park offices.



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