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NXG Nexgenrx Inc

0.28
0.00 (0.00%)
28 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Nexgenrx Inc TSXV:NXG TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.28 0.30 0.345 0 12:30:02

NexgenRx and The Co-operators Announce Contract Renewal Agreement

07/12/2012 8:18pm

Marketwired Canada


Co-operators Life Insurance Company and NexgenRx (TSX VENTURE:NXG) are pleased
to announce that they have successfully renewed their agreement for a five-year
term effective January 1, 2012. NexgenRx provides its state-of-the-art
adjudication technology for Co-operators Life, including Pharmacy Benefit
Management and Health and Dental Claims Adjudication Services. 


"We are pleased with the relationship we have built with NexgenRx since 2007,
and we look forward to building our brand and market share further with them.
The systems they have built provide The Co-operators with rules-based
adjudication services and full web-based capabilities for our plan sponsors and
members" stated Conor Quinn, Vice-President, Group Benefits Insurance,
Co-operators Life.


"The Co-operators is a strong partner, with a solid reputation as one of
Canada's most respected insurers," commented NexgenRx President & CEO, Ron
Loucks. "Combining our flexible, cost-competitive technology with the brand
awareness and national distribution capabilities of Co-operators Life, we feel
confident in our ability to exceed the expectations of plan sponsors in the
group benefits market." 


About Co-operators Life Insurance Company:

Co-operators Life Insurance Company is a wholly owned subsidiary of The
Co-operators Group Limited, a leading Canadian-owned multi-product insurance
company. Co-operators Life provides group life, disability, extended health and
dental benefits for plan sponsors and their plan members across Canada, and has
been an underwriter of group insurance plans for more than fifty-five years.
Co-operators Life owns a majority of The CUMIS Group Limited, the leading
provider of insurance-related products and services to credit unions, caisses
populaires and their members in Canada.


About NexgenRx Inc.:

NexgenRx is Canada's leading independent health benefits plan administrator,
providing proprietary on-line claims adjudication and web-based solutions to
effectively manage benefits costs for plan sponsors and their members. More
information on NexgenRx can be found at www.nexgenrx.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
The Co-operators
Leonard Sharman
(519)-767-3937


NexgenRx Inc
Ronald C. Loucks
President and CEO
(416) 695-3393 ext 801
www.nexgenrx.com

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