PharMerica meets 2015 acquisition goal

PharMerica Corporation, a leading provider of institutional and specialty pharmacy services, recently acquired two pharmacies that generated at least $100 million of annualized sales, in aggregate, this year.

PharMerica’s acquisitions for 2015 included Integrated Pharmacy Network (IPN), a long-term care pharmacy based in Midland, Mich., and Alternacare Infusion Pharmacy, a specialty home-infusion service provider in the greater Kansas City metropolitan area. Terms of these transactions have not yet been released.

“We are pleased to have completed our annual objective for value-enhancing acquisitions,” PharMerica Corporation’s CEO Greg Weishar said. “These transactions are consistent with our strategy to bolster share in the long-term care market and to expand our presence in the specialty home infusion industry.”

The company’s extensive customer base is comprised primarily of institutional health care providers, such as high-functioning nursing facilities, assisted living facilities, hospitals, individuals receiving in-home nursing care and patients with cancer.

“We look forward to working with management of both companies to extend their track records of outstanding customer service,” Weishar said.

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PharMerica Corporation 11205 Knott Ave Garden Grove, CA - 92841