PORT WASHINGTON, N.Y.--(BUSINESS WIRE)--May 9, 2005--National Medical Health Card Systems, Inc. (Nasdaq: NMHC), a national independent pharmacy benefit manager (PBM), today reported results for the fiscal third quarter and nine months ended March 31, 2005. Jim Smith, president and chief executive officer, stated, “The Company continued its strong performance during the third quarter, generating both solid operating results in our base businesses and completing our acquisition of Pharmaceutical Care Network (“PCN”). Our revenues and earnings increased compared to the same period last year and the Company continues to generate strong cash flow. Our strong cash flows have resulted in no borrowings under our $65 million credit facility despite having paid $13 million for the acquisition of PCN. We have been very pleased with the progress of our PCN integration and anticipate meaningful contributions from its technology and personnel. Moreover, our unused line of credit provides us the flexibility to take advantage of future acquisition opportunities as they arise.”
