Halifax-Based STI Technologies Limited Wins National Business Excellence Award

STI Technologies Limited has been named one of Canada’s Best Managed Companies in 2014. Sponsored by Deloitte, CIBC, National Post, Queen’s School of Business and MacKay CEO Forums, this award recognizes Canadian-owned and -managed companies with revenues of over $10 million for sustained growth, financial performance and management practices.

“We’re thrilled and extremely proud to receive this national award of business excellence,” says STI Technologies CEO Tim Gillis. “Our people are focused on innovation and the delivery of programs to millions of Canadian patients. STI has seen consistent growth over the past few years and has expanded the company with diverse and talented people to meet the needs and expectations of our clients. Every member of our team should take ownership of this award.”

STI Technologies is a Halifax-based health-care technology company that provides Canadian patients with greater choice and broader access to the best medications and health-care products. Led by former CEO Steve Nicolle until the end of 2014, STI has seen sustained growth supporting the health-care system by delivering reimbursement, patient-engagement and patient-management solutions that improve health outcomes through partnerships with Canada’s top pharmaceutical companies.

By making its user-friendly solutions available online and through health-care providers across the country, STI is the leader in its industry, with millions of patients benefiting from its programs. Its free innoviCares patient-benefit plan is the ninth-largest private plan in Canada, covering nearly 100 medications and products from 20 drug manufacturers; to date, it has helped about 800,000 Canadians.

STI’s business model has adapted and evolved over the last 12 years as the company has gained a better understanding of the market challenges faced by its clients.

“As we develop innovative products to meet our clients’ needs, we recognize that this sustained success will lead to improved patient engagement, adherence and continuity of care—and, ultimately, to better health outcomes for many Canadians,” says Gillis.

About Canada’s Best Managed Companies
Every year since the launch of the program in 1993, hundreds of entrepreneurial companies have competed for this designation in a rigorous and independent process that evaluates their management skills and practices. The awards are granted on four levels: Best Managed winner; Requalified member; Gold Standard winner; and Platinum Club member. For more information, visit bestmanagedcompanies.ca.