PharMerica is a
Fortune 1000
The Fortune 1000 are the 1,000 largest American companies ranked by revenues, as compiled by the American business magazine '' Fortune''. It only includes companies which are incorporated or authorized to do business in the United States, and f ...
company formed in January 2007 from the merger of
Kindred Healthcare's pharmacy business with a subsidiary of
AmerisourceBergen.
The company is headquartered in
Louisville, Kentucky
Louisville ( , , ) is the largest city in the Commonwealth of Kentucky and the 28th most-populous city in the United States. Louisville is the historical seat and, since 2003, the nominal seat of Jefferson County, on the Indiana borde ...
, and operates a major customer support center in
Tampa, Florida
Tampa () is a city on the Gulf Coast of the U.S. state of Florida. The city's borders include the north shore of Tampa Bay and the east shore of Old Tampa Bay. Tampa is the largest city in the Tampa Bay area and the seat of Hillsborough C ...
.
Overview
PharMerica's main clients are senior living communities, nursing facilities, public health organizations and post-acute care organizations. Its affiliates are Pharmacy Alternatives, PropacPayless, ChemRX, and CIPRx.
The company is the second largest in the institutional
pharmacy
Pharmacy is the science and practice of discovering, producing, preparing, dispensing, reviewing and monitoring medications, aiming to ensure the safe, effective, and affordable use of medication, medicines. It is a miscellaneous science as it ...
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. 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. In February 2012, Omnicare allowed its offer to the shareholders of PharMerica to expire.
In August 2017, CNBC reported that PharMerica was to be acquired by KKR, in a deal worth $1.4 billion, including debt.
Units
The company has several departments:
* ValueMed
*Long-Term Care
*Amerita (specialty & home
infusion
Infusion is the process of extracting chemical compounds or flavors from plant material in a solvent such as water, oil or alcohol, by allowing the material to remain suspended in the solvent over time (a process often called steeping). An i ...
)
*Onco360 (
oncology
Oncology is a branch of medicine that deals with the study, treatment, diagnosis and prevention of cancer. A medical professional who practices oncology is an ''oncologist''. The name's etymological origin is the Greek word ὄγκος (''ó ...
pharmacy)
References
External links
PharMerica website
Pharmacies of the United States
Companies based in Louisville, Kentucky
Companies formerly listed on the New York Stock Exchange
Retail companies established in 2007
American companies established in 2007
2007 establishments in Kentucky
Health care companies based in Kentucky
2017 mergers and acquisitions
Kohlberg Kravis Roberts companies
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