Go to the Globe and Mail homepage

Jump to main navigationJump to main content


Report on Business


Streetwise gives you news and analysis on Bay Street and the world of finance
available exclusively to subscribers of Globe Unlimited

Entry archive:


SXC Health renamed after big takeover Add to ...

One-time Canadian darling SXC Health Solutions is parting ways with the name that ties the company to its Canadian roots.

Originally based in Milton, Ontario, the company moved its head offices to Chicago years ago and has since become a big U.S. player. From there, the company struck a number of takeovers, and following its latest $4.4-billion (U.S.) deal, the company will go by Catamaran.

Yet the firm isn’t completely parting ways with its Canadian connection. It still has operations here, and Catamaran will remain listed on the Toronto Stock Exchange under the symbol CCT.

By combining with Catalyst Health Solutions this spring, SXC became a giant U.S. player in the market for managing corporate and government prescription drug claims. Combined, the two companies have estimated annual revenues of $13-billion and will serve 25 million members.

Report Typo/Error

Follow on Twitter: @timkiladze

Next story




Most popular videos »

More from The Globe and Mail

Most popular