PharMerica's revenues, income blow up
By HME News Staff
Updated Fri February 26, 2016
LOUISVILLE, Ky. - PharMerica Corp., a provider of pharmacy services, including specialty home infusion, has reported fourth quarter revenues of $520.6 million compared to $523.5 million for the same period in 2014. Net income was $20.2 million vs. $3.2 million. The company reported full-year revenues of $2.03 billion compared to $1.89 billion for 2014. Net income was $35.1 million vs. $6.8 million. PharMerica credited acquisitions, in part, with growing revenues. “During the fourth quarter, we completed two institutional pharmacy acquisitions, one specialty home infusion acquisition, and acquired a hospital pharmacy management business,” said CEO Greg Weishar. “These acquisitions are consistent with the company's goal of adding at least $100 million in annualized revenues yearly through acquisitions, which we achieved once again in 2015.”
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