Tag: CVS Caremark

HIGH POINT, N.C. - Advanced Home Care has merged with WellStar HME & Infusion to expand its footprint in Georgia, the provider has announced. Marietta, Ga.-based WellStar HME & Infusion provides home infusion, specialty pharmacy and home medical equipment and services in the greater Atlanta area. “We entered the Atlanta market at the beginning of 2013 with the purchase of a company in Norcross,” said Joel Mills, CEO of Advanced Home Care, in a release. “Our new relationship with...

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...

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...