PharMerica explained

PharMerica
Type:Private
Hq Location City:Louisville, Kentucky
Hq Location Country: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]

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:

Corporate Affairs

PharMerica Notifies Individuals of Privacy Incident - On March 14, 2023, PharMerica and its parent company, BrightSpring Health Services, Inc., learned of suspicious activity on their computer network. Upon discovering the incident, PharMerica promptly began an internal investigation and engaged cybersecurity experts to investigate and secure its computer systems[18] The data breach affected approximately 6 million people and included names, DOBs, and SSNs.[19]

External links

Notes and References

  1. News: AmerisourceBergen and Kindred Healthcare Form PharMerica . . 2007-03-01 . 2007-03-01.
  2. News: Patrick . Howington . PharMerica to locate headquarters here . . 2007-01-22 . 2007-01-29.
  3. Web site: Pharmerica Corporation Company Profile Vault.com. 2021-05-11. Vault. en.
  4. Web site: Pharmacy Alternatives Closed Door IDD Pharmacy Services. 2021-05-11. Pharmacy Alternatives. en-US.
  5. Web site: PropacPayless Pharmacy. 2021-05-11. www.propacpayless.com.
  6. Web site: Connole. Patrick. PharMerica's PropacPayless Brings Local Focus Aligned With National Presence. 2021-05-11. www.providermagazine.com. en-US.
  7. Web site: Long Beach provider to healthcare companies plans move to Uniondale, taking 125 jobs with it. 2021-05-11. Herald Community Newspapers. 2 June 2020 . en.
  8. Web site: Fein. Adam J.. Ph.D.. Omnicare Bids for PharMerica to Surf the Generic Wave. 2021-05-11.
  9. Web site: 2015-07-06. After Omnicare deal, all eyes turn to PharMerica. 2021-05-11. McKnight's Long Term Care News. en-US.
  10. Web site: Omnicare Rises after Analyst Upgrades Shares. https://archive.today/20120724005343/http://www.businessweek.com/ap/financialnews/D9SU02681.htm. dead. July 24, 2012. Bloomberg BusinessWeek. 5 April 2012.
  11. Web site: FTC blocks Omnicare acquisition of PharMerica. 2021-05-11. Drug Topics. 2 February 2012 .
  12. Web site: Omnicare Announces Expiration of Its Tender Offer to Acquire PharMerica. https://web.archive.org/web/20120224035740/http://www.reuters.com/article/2012/02/21/idUS120368+21-Feb-2012+HUG20120221. dead. 24 February 2012. Reuters. 5 April 2012.
  13. News: 2012-02-21. Omnicare drops hostile pursuit of PharMerica. en. Reuters. 2021-05-11.
  14. News: KKR to take PharMerica private in $1.4 billion deal. CNBC. 2017-08-02. CNBC. 2017-11-22.
  15. Web site: 2019-03-06. BrightSpring and PharMerica officially merge to become a leading provider of health and pharmacy services. 2021-05-11. BrightSpring Health Services. en-US.
  16. Web site: Holly. Robert. 2019-03-06. BrightSpring, PharMerica Merge in $1.32 Billion Deal. 2021-05-11. Home Health Care News. en-US.
  17. Web site: 2017-12-08. $1.4 billion PharMerica acquisition by KKR complete; growth in assisted living arena expected. 2021-05-11. McKnight's Senior Living. en-US.
  18. Web site: 2023-05-20. PharMerica Notifies Individuals of Privacy Incident. PharMerica. en-US.
  19. Web site: 2023-05-20. Hackers steal the SSN of nearly 6 million people. Panda Media Center. en-US.

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