While we are open to exploring all opportunities to maximize value for PharMerica stockholders, Omnicare has been unwilling to assume the considerable risk with respect to its ability to close a transaction in a timely manner. Posted by Adam J. The remaining full-line regionals know that they can exit with 3 phone calls a la Kinray or McQueary, so it's a lack of deal supply. As a result, local and regional competitors, including independent pharmacies, can outcompete the two large national players at a local level. PharMerica Corporation Michael J. Adam What are your thoughts on more consolidation with the Big 3? But right now, the wholesalers are primarily looking to ride the generic and specialty wave.
PharMerica is a Fortune company formed in January from the merger of Kindred In Augustpharmacy services provider Omnicare made a bid of $ 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. “Omnicare is gone, and next will be PharMerica,” Edward So what does such major merger and acquisition activity mean to the local LTC.
According to the FTC's complaint, Omnicare's proposed acquisition of PharMerica, the second-largest long-term care pharmacy in the United.
On the plus side, ABC picked up the Humana business. Adam What are your thoughts on more consolidation with the Big 3? See Chains in Winning. PharMerica rejected the bid.
Video: Omnicare buyout of pharmerica 101509 LTC Video WMV
Seems the channel is running out of rabbits to pull out of the hat?
MANDARIC MAREK BROTHERS
|The diabetes supply space is another possibility.
Industries do not consolidate forever even drug wholesaling. Except as required by law, we undertake no obligation to publicly update or release any revisions to these forward-looking statements to reflect any events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events. PharMerica operates institutional pharmacies in 44 states. But right now, the wholesalers are primarily looking to ride the generic and specialty wave.
On the plus side, ABC picked up the Humana business.
Why PharMerica Soared Today The Motley Fool
Omnicare Makes $ Million Bid for PharMerica, Seeks Talks of "self-serving tactics"—PharMerica said it rejected the acquisition proposal. PharMerica, a hospital pharmacy manager, agreed Wednesday to be acquired by private equity firm KKR for about $ million in cash.
See Chains in Winning. See Walgreens and Omnicare Play Switcheroo. This announcement is the third big potential business shift in the few two months that hurts ABC and helps McKesson.
I expect to see some of the smaller specialty drug distributors get bought out over the next few years.
Log In Sign Up. PharMerica Corporation Michael J.
Pharmacy services provider Omnicare Inc said it was taking its offer to The $ million buyout offer, which was made public on August Omnicare sues PharMerica to force buyout. September 9, by root.
| Reprints. Things got even more interesting this week between the top two U.S.
The remaining full-line regionals know that they can exit with 3 phone calls a la Kinray or McQueary, so it's a lack of deal supply.
There's always Europe, where McKesson was reportedly shopping last year.
Drug Channels Omnicare Bids for PharMerica to Surf the Generic Wave
Forward Looking Statements This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act ofas amended, and Section 21E of the Securities Exchange Act ofas amended. The real juice behind the deal is generic drugs. PharMerica rejected the bid.