Tag: CVS Caremark
CVS Caremark, Cardinal create nation's largest generic source
December 11, 2013HME News Staff
DUBLIN, Ohio and WOONSOCKET, R.I. - CVS Caremark and Cardinal Health have agreed on a 50-50 partnership to create the nation's largest source of generic drugs, according to a Dec. 10 announcement. Both companies will contribute their sourcing and supply chain expertise to the joint venture and will source generic drugs through it. Over the 10-year term of the agreement, Cardinal Health will pay CVS Caremark $25 million each quarter, but neither company will contribute physical assets. “This...
CVS buys Coram
November 27, 2013HME News Staff
LAKE FOREST, Calif. - CVS Caremark has agreed to acquire Apria's home infusion business, Coram, for $2.1 billion, the companies announced today.“CVS Caremark and Coram share a mutual commitment to provide patients with quality care,” said John Figueroa, Coram CEO.Apria acquired Denver-based Coram for $350 million in 2007. Today, Coram has more than 4,500 employees and serves more than 20,000 patients each month through 85 locations. Third quarter revenues for the division, reported...