PharMerica

PharMerica is a Fortune 1000 company formed in January 2007 from the merger of Kindred Healthcare's pharmacy business with a subsidiary of AmerisourceBergen.[1]

PharMerica
TypePrivate
Industry
Headquarters
Louisville, Kentucky
,
U.S.
Area served
United States
ParentKohlberg Kravis Roberts

The company is headquartered in Louisville, Kentucky, and operates a major customer support center in Tampa, Florida.[2]

Overview

PharMerica's main clients are senior living communities, nursing facilities, public health organizations and post-acute care organizations.[3] Its affiliates are Pharmacy Alternatives, PropacPayless, ChemRX, and CIPRx.[4][5][6][7]

The company is the second largest in the institutional pharmacy services market, with revenues of $1.9 billion and a customer base of 330,000 "beds" in 41 U.S. states.

In August 2011, pharmacy services provider Omnicare made a bid of $457 million for all outstanding shares of PharMerica.[8][9] The Federal Trade Commission sued Omnicare to block the deal on the basis that the FTC believed the acquisition would lead to higher drug prices.[10][11] In February 2012, Omnicare allowed its offer to the shareholders of PharMerica to expire.[12][13]

In August 2017, CNBC reported that PharMerica was to be acquired by KKR, in a deal worth $1.4 billion, including debt.[14][15][16][17]

Units

The company has several departments:

  • ValueMed
  • Long-Term Care
  • Amerita (specialty & home infusion)
  • Onco360 (oncology pharmacy)

References
  1. "AmerisourceBergen and Kindred Healthcare Form PharMerica". American Society of Consultant Pharmacists. 2007-03-01. Retrieved 2007-03-01.
  2. Howington, Patrick (2007-01-22). "PharMerica to locate headquarters here". The Courier-Journal. Retrieved 2007-01-29.
  3. "Pharmerica Corporation | Company Profile | Vault.com". Vault. Retrieved 2021-05-11.
  4. "Pharmacy Alternatives Closed Door IDD Pharmacy Services". Pharmacy Alternatives. Retrieved 2021-05-11.
  5. "PropacPayless Pharmacy". www.propacpayless.com. Retrieved 2021-05-11.
  6. Connole, Patrick. "PharMerica's PropacPayless Brings Local Focus Aligned With National Presence". www.providermagazine.com. Retrieved 2021-05-11.
  7. "Long Beach provider to healthcare companies plans move to Uniondale, taking 125 jobs with it". Herald Community Newspapers. Retrieved 2021-05-11.
  8. Fein, Adam J.; Ph.D. "Omnicare Bids for PharMerica to Surf the Generic Wave". Retrieved 2021-05-11.
  9. "After Omnicare deal, all eyes turn to PharMerica". McKnight's Long Term Care News. 2015-07-06. Retrieved 2021-05-11.
  10. "Omnicare Rises after Analyst Upgrades Shares". Bloomberg BusinessWeek. Archived from the original on July 24, 2012. Retrieved 5 April 2012.
  11. "FTC blocks Omnicare acquisition of PharMerica". Drug Topics. Retrieved 2021-05-11.
  12. "Omnicare Announces Expiration of Its Tender Offer to Acquire PharMerica". Reuters. Archived from the original on 24 February 2012. Retrieved 5 April 2012.
  13. Reuters Staff (2012-02-21). "Omnicare drops hostile pursuit of PharMerica". Reuters. Retrieved 2021-05-11. {{cite news}}: |author= has generic name (help)
  14. CNBC (2017-08-02). "KKR to take PharMerica private in $1.4 billion deal". CNBC. Retrieved 2017-11-22.
  15. "BrightSpring and PharMerica officially merge to become a leading provider of health and pharmacy services". BrightSpring Health Services. 2019-03-06. Retrieved 2021-05-11.
  16. Holly, Robert (2019-03-06). "BrightSpring, PharMerica Merge in $1.32 Billion Deal". Home Health Care News. Retrieved 2021-05-11.
  17. "$1.4 billion PharMerica acquisition by KKR complete; growth in assisted living arena expected". McKnight's Senior Living. 2017-12-08. Retrieved 2021-05-11.


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