National specialty pharmacy providers merge

Friday, March 17, 2017

LOUISVILLE, Ky. – PharMerica, a national provider of institutional and specialty pharmacy services, has acquired CareMed Specialty Pharmacy, a New Hyde Park, N.Y.-based national provider of specialty pharmacy services licensed in all 50 states. “The CareMed acquisition is in line with the company’s diversified business strategy and further bolsters our position in the rapidly growing specialty pharmacy market,” said Greg Weighar, CEO of PharMerica. Terms of the deal were not disclosed. PharMerica serves the long-term care, hospital pharmacy management services, specialty home infusion and oncology pharmacy markets. It operates 98 institutional pharmacies, 19 specialty home infusion pharmacies and four specialty oncology pharmacies in 45 states.