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Tag: CVS Caremark

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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...

Cardinal Health, CVS Caremark, Generic drug sourcing

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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...

Coram, CVS Caremark, Home Infusion, OptionCare

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