PharMerica closes year with two buys

Tuesday, December 22, 2015

LOUISVILLE, Ky. – Amerita, a subsidiary of PharMerica, a national provider of institutional and specialty pharmacy services, has acquired Alternacare Infusion Pharmacy, an Olathe, Kan.-based specialty home infusion provider. PharMerica also announced that it has completed its acquisition of Integrated Pharmacy Network, a Midland, Mich.-based long-term care pharmacy. With these deals, PharMerica has achieved its goal of completing acquisitions that generate at least $100 million of annualized sales, in aggregate, in 2015, according to a press release from The Braff Group, which served as the M&A adviser to Alternacare. “2015 is shaping up to be a strong year in infusion therapy mergers and acquisitions,” said Reg Blackburn, managing director of pharmacy services for The Braff Group. “Through the third quarter of this year, infusion deal volume is up more than 80% vs. the same period in 2014. Moreover, 2015 has already produced two new private equity sponsored platform deals, clearly signaling that after a sustained period of M&A activity, the sector still has legs.”