Tag: PharMerica
Blake Pharmacy sells to PharMerica
September 27, 2023HME News Staff
WAYNE, Pa. - Blake Pharmacy has sold to PharMerica, a national provider of pharmaceutical services, according to Paragon Ventures. Blake Pharmacy has established a strong presence in Florida and its sale to PharMerica will allow it to leverage resources, infrastructure and advanced technology platforms. “We are proud to join forces with PharMerica and embark on this exciting new chapter,” said Ashish Patel, founder and CEO of Blake Pharmacy. “By integrating our strengths and capabilities,...
In brief: ResMed, Philips highlight research on World Sleep Day, national specialty pharmacy providers merge
March 17, 2017HME News Staff
AMSTERDAM - Adults recognize that sleep is important, but they still prioritize other things in their lives over sleep, according to a new international survey published by Royal Philips on World Sleep Day.Ninety-two percent of 6,461 adults across five countries who were surveyed by Harris Poll said sleep is crucial to their overall health and wellbeing. They say even one bad night of sleep can result in looking tired, being less productive and feeling unmotivated.Yet 84% of adults say other things...
National specialty pharmacy providers merge
March 17, 2017HME News Staff
LOUISVILLE, Ky. - PharMerica, a national provider of institutional and specialty pharmacy services, has acquired CareMed Specialty Pharmacy, a New Hyde Park, N.Y.-based national provider of specialty pharmacy services licensed in all 50 states. “The CareMed acquisition is in line with the company's diversified business strategy and further bolsters our position in the rapidly growing specialty pharmacy market,” said Greg Weighar, CEO of PharMerica. Terms of the deal were not disclosed....
PharMerica sees significant decreases in net income
February 24, 2017HME News Staff
LOUISVILLE, Ky. - PharMerica Corporation, a national provider of specialty home infusion and other pharmacy services, has reported $534.4 million in revenue for the fourth quarter of 2016, a 2.7% increase compared to the same quarter in 2015. Net income was $7.7 million, a 61.9% decrease. PharMerica reported $2.091 billion in revenue for all of 2016, an increase of 3.1%. Net income was $21.6 million, a 38.5% decrease. For 2017, PharMerica projects revenue in the range of $2.3 billion to $2.4...
Moneyline: PharMerica, FOSRx make buys
January 25, 2017HME News Staff
LOUISVILLE, Ky. - Amerita, the Specialty Infusion Division of PharMerica, has acquired Fairlawn, N.J.-based Nextron, a provider of certain specialty medications in the home. The move allows Amerita to further its expansion in the eastern United States.
“This expansion is consistent with our strategy to become a national home infusion provider,” said Greg Weishar, PharMerica's CEO, in a press release.
Paragon Ventures served as adviser to Nextron. Terms of the deal were not disclosed.
FOSRx...
Short takes: PharMerica, HaysMed
August 9, 2016HME News Staff
PharMerica Corp., a national provider of institutional pharmacy, specialty infusion and hospital pharmacy management services, has announced that David Froesel, executive vice president, CFO and treasurer, intends to retire. He will continue as CFO through the end of September to ensure a seamless transition. PharMerica has engaged a nationally recognized executive search firm to help identify a successor for Froesel…HaysMed Orthopedic Institute has been reaccredited as an accredited DME facility...
In brief: OIG sticks to script, Aeroflow accepts chunk of contracts
April 15, 2016HME News Staff
WASHINGTON - The Office of Inspector General has reiterated its recommendation that CMS match Medicaid reimbursement rates for HME to Medicare rates.The recommendation, published this week in the OIG's April 2016 “Compendium of Unimplemented Recommendations,” suggests that CMS seek legislative authority to limit Medicaid reimbursement rates for DMEPOS to Medicare rates and further reduce those rates through competitive bidding or manufacturer rebates.Lowered reimbursement rates could...
Court orders PharMerica to pay $48.5M tab
April 12, 2016HME News Staff
LOUISVILLE, Ky. - A circuit court judge has told PharMerica Corp., a national provider with 17 specialty home infusion pharmacies, to honor outstanding invoices from AmerisourceBergen Drug Corp. for about $48.5 million. PharMerica has withheld payment and applied the invoice amounts against rebates and other amounts that it believes AmerisourceBergen owes the provider, which are in excess of $48.5 million. But the Jefferson County Kentucky Circuit Court ruled on April 1 that PharMerica must pay the...
PharMerica's revenues, income blow up
February 26, 2016HME News Staff
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,...
In brief: A&D, PharMerica close out year with buys
December 22, 2015HME News Staff
SAN JOSE, Calif. - A&D Company has entered into a definitive agreement to buy the necessary business assets of Toronto-based Auto Control Medical. The deal allows A&D to expand its product range and application experience across the Americas. A&D provides a full line of advanced biometric monitoring solutions, including blood pressure monitors, weight scales, activity monitors and other health monitoring devices for consumer and professional use. Auto Control Medical distributes hypertension, diabetes...