Premier buys Lincare’s specialty pharmacy biz

Wednesday, June 8, 2016

CHARLOTTE, N.C. – Premier Inc. has agreed to pay $75 million to acquire the specialty pharmacy business of Lincare, it announced June 7. The deal includes Acro Pharmaceutical Services and Community Pharmacy Services. “This acquisition will expand and diversify both our special pharmacy patient base and disease treatments,” said Durral Gilbert, president of Premier’s supply chain services segment. “The purchase will give us access to limited distribution drugs used for the treatment of oncology, multiple sclerosis and respiratory disease, and it will heighten our preferred specialty status with multiple payers.” Lincare’s specialty pharmacy business generated approximately $206 million in revenues in 2015.