Company:PharMerica
| Type | Private |
|---|---|
| NYSE: PMC | |
| Industry | |
| Headquarters | Louisville, Kentucky , U.S. |
Area served | United States |
| Parent | Kohlberg Kravis Roberts |
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] The company is headquartered in Louisville, Kentucky, and operates a major customer support center in Tampa, Florida.[2]
The new 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. 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.[3] In February 2012, Omnicare allowed its offer to the shareholders of PharMerica to expire.[4]
In August 2017, CNBC reported that PharMerica was to be acquired by KKR, in a deal worth $1.4 billion, including debt.[5]
References
- ↑ "AmerisourceBergen and Kindred Healthcare Form PharMerica". American Society of Consultant Pharmacists. 2007-03-01. http://www.ascp.com/update/2007/03/#d2. Retrieved 2007-03-01.
- ↑ Howington, Patrick (2007-01-22). "PharMerica to locate headquarters here". The Courier-Journal. http://www.courier-journal.com/apps/pbcs.dll/article?AID=/20070122/BUSINESS/70122016. Retrieved 2007-01-29.
- ↑ "Omnicare Rises after Analyst Upgrades Shares". Bloomberg BusinessWeek. http://www.businessweek.com/ap/financialnews/D9SU02681.htm. Retrieved 5 April 2012.
- ↑ "Omnicare Announces Expiration of Its Tender Offer to Acquire PharMerica". Reuters. https://www.reuters.com/article/2012/02/21/idUS120368+21-Feb-2012+HUG20120221. Retrieved 5 April 2012.
- ↑ CNBC (2017-08-02). "KKR to take PharMerica private in $1.4 billion deal". CNBC. https://www.cnbc.com/2017/08/02/kkr-to-take-pharmerica-private-in-1-point-4-billion-deal.html.
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