FILED BY SXC HEALTH SOLUTIONS CORP.
PURSUANT TO RULE 425 UNDER THE SECURITIES ACT OF 1933
AND DEEMED FILED PURSUANT TO RULE 14a-12
UNDER THE SECURITIES EXCHANGE
ACT OF 1934
SUBJECT COMPANY: CATALYST HEALTH SOLUTIONS, INC.
COMMISSION FILE NO.: 000-31014
The following are Employee FAQs distributed to members of the senior management team of SXC Health Solutions Corp. on April 18, 2012.
Employee FAQs SXC
Why are we merging with Catalyst Health Solutions
(CatalystRx)?
This is a very compelling combination of companies, creating a leading provider of PBM and technology services unlike any
other in the market today. This is a hand-in-glove fit. SXC is the clear leader in our industry when it comes to systems, technology, scale, operations and flexibility. CatalystRx has a proven customer service model, a proven sales model and a
go-to-market strategy that has been time-tested and very successful. The combination of our two companies
vaults the combined company to a whole new level of competitiveness!!!
Many of you know that CatalystRx has been a long term healthcare information technology client of SXCs. As SXC has grown, so has CatalystRx. As a result of our relationship, we have prospered
together. We know them well and respect their capabilities. We expect that our long-standing relationship combined with the strength of our offerings, will lead to successful integration and many new opportunities for growth.
What does this mean for SXC?
This
combination adds skill and scale to our combined companies and opens up more opportunities than ever. Our industry is one in turmoil and is hungry for a flexible solution that has the market presence or combined companies will have. You should
expect to see us win more business in every market segment and really begin to garner attention as one of the major players in our industry.
Along with this growth comes more opportunities for all of you. There will be some heavy lifting for a period of 18 24 months to get the two
companies integrated and well-oiled. We expect during this time to continue to keep our sales pipeline full and to run our business as planned.
What will the combined company be called? Where will it be headquartered?
We expect the combined company to be called SXC Health Solutions, which will be headquartered in Lisle.
Who will run the company?
Mark Thierer, Chairman and CEO will continue to run the combined
companies. Jeff Park will be CFO of the combined companies. Two Directors from the CatalystRx board will be joining the SXC Board of Directors.
Will there be any changes to jobs?
This
merger is about growth and, as a result, there will be opportunities for both clients and employees. Integration planning is in early stages and the actual integration will commence after the close. There will be no changes in your day to day
responsibilities. We ask that you stay focused on what you do best taking care of our clients and members we will communicate on a regular basis about planning, milestones and any changes.
How long will the full integration take?
We are planning on 18 24 months.
Can we communicate with our counterparts at CatalystRx?
For now, SXC and CatalystRx will continue to operate as separate entities until the transaction closes, which is expected in the second half of 2012. We
will be developing integration plans in the coming weeks and months and will have more information to share at that time.
How will this
transaction impact both companies operations across the country? Do you expect to close any facilities?
Since the two
companies businesses are largely complementary, we expect the vast majority of offices will experience no significant change. We expect to maintain a presence in Rockville, MD as well as CatalystRxs local Centers of Excellence
Forward-Looking Statements
Certain statements included in this communication constitute forward-looking statements within the meaning of applicable securities laws. SXC
cautions that such forward-looking statements involve known and unknown risks, uncertainties and other risks that may cause actual results to differ from those expressed or implied by those forward-looking statements. Numerous factors could cause
actual results to differ materially from those in the forward-looking statements, including without limitation, the possibility that the expected efficiencies and cost savings from the proposed transaction will not be realized, or will not be
realized within the expected time period; the risk that the SXC and Catalyst businesses will not be integrated successfully; the ability to obtain governmental approvals of the proposed transaction on the proposed terms and schedule contemplated by
the parties; the failure of shareholders of SXC or Catalyst to approve the proposed transaction; disruption from the proposed transaction making it more difficult to maintain business and operational relationships; the risk of customer attrition;
the possibility that the proposed transaction does not close, including, but not limited to, due to the failure to satisfy the closing conditions; and the ability to obtain the financing contemplated to fund a portion of the consideration to be paid
in the proposed transaction and the terms of such financing. Further information concerning SXC and its business, including factors that potentially could materially affect SXCs financial results, is contained in SXCs filings with the
Securities and Exchange Commission (the SEC), including the risks and uncertainties discussed under the captions Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of
Operations in SXCs 2011 Annual Report on Form 10-K and subsequent Form 10-Qs, which are available at
www.sec.gov
. Investors are cautioned not to put undue reliance on forward- looking statements. All subsequent written and oral
forward-looking statements attributable to SXC or persons acting on SXCs behalf are expressly qualified in their entirety by this cautionary statement. SXC disclaims any intent or obligation to update publicly these forward-looking statements,
whether as a result of new information, future events or otherwise.
Important Additional Information
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. This communication is being made in respect of
the proposed transaction involving Catalyst and SXC. The proposed transaction will be submitted to the shareholders of Catalyst and the shareholders of SXC for their consideration. In connection therewith, the parties intend to file relevant
materials with the SEC, including a joint proxy statement/prospectus that will be mailed to shareholders. Such documents, however, are not currently available. BEFORE MAKING ANY VOTING OR INVESTMENT DECISIONS, INVESTORS AND SECURITY HOLDERS OF
CATALYST AND/OR SXC ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS REGARDING THE PROPOSED TRANSACTION AND ANY OTHER RELEVANT DOCUMENTS THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY
WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders may obtain free copies of the proxy statement/prospectus and other documents containing important information about Catalyst and SXC, once such
documents are filed with the SEC, through the website maintained by the SEC at
www.sec.gov
. Copies of the documents filed with the SEC by SXC will be available free of charge on SXCs website at www.sxc.com under the heading
Investor Information or by contacting SXCs Investor Relations Department at 630-577-4871. Copies of the documents filed with the SEC by Catalyst will be available free of charge on Catalysts website at
www.Catalysthealthsolutions.com
under the heading Investor Information or by contacting Catalysts Investor Relations Department at 301-548-2900.
SXC, Catalyst and certain of their respective directors, executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies in connection with
the proposed transaction. Information about the directors and executive officers of SXC is set forth in its proxy statement for its 2012 annual meeting of stockholders, which was filed with the SEC on April 2, 2012. Information about the
directors and executive officers of Catalyst is set forth in its proxy statement for its 2011 annual meeting of shareholders, which was filed with the SEC on April 28, 2011. These documents can be obtained free of charge from the sources
indicated above. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the joint proxy statement/prospectus and other
relevant materials to be filed with the SEC when they become available.
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