DrugMax signs letter of intent
By HME News Staff
Updated Fri March 31, 2006
FARMINGTON, Conn. - DrugMax signed a letter of intent Feb. 21 to acquire Carmichael Cashway Pharmacy, the operator of three Louisiana pharmacies known as Carmichael Pharmacy-Infusion Therapy & Medical Equipment. Carmichael, which had revenues of $30 million in 2005, provides specialty and institutional pharmacy, respiratory and respiratory-related medical equipment and infusion compounding. The deal will allow DrugMax to solidify its market position in Louisiana, said DrugMax Chairman and CEO Ed Mercadante in a release.
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