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)

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]


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. 2 June 2020. 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. 2 February 2012. 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.
  18. "PharMerica Notifies Individuals of Privacy Incident". PharMerica. 2023-05-20.
  19. "Hackers steal the SSN of nearly 6 million people". Panda Media Center. 2023-05-20.


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