|[December 13, 2012]
PharMerica Corporation Acquires Amerita, Inc.
LOUISVILLE, Ky. --(Business Wire)--
PharMerica Corporation (NYSE: PMC), a national provider of institutional
pharmacy and hospital pharmacy management services, today announced that
it has acquired Amerita, Inc. in an all cash transaction. Amerita is a
provider of specialty home infusion services with operations in
Tennessee, Texas, Oklahoma, Colorado and Utah. This transaction is
expected to be moderately accretive to the Company in 2013.
Commenting on the transaction, Gregory S. Weishar, PharMerica
Corporation's Chief Executive Officer, said, "Amerita is a leading
provider of specialty infusion services, and represents an opportunity
for PharMerica to leverage existing pharmacies and broaden our product
offerings. Strategically, we believe the ability to serve patients in
their home will support the efforts of our long-term care clients as
they adapt to the changing healthcare landscape."
PharMerica Corporation is a leading institutional pharmacy services
company servicing healthcare facilities in the United States. PharMerica
operates institutional pharmacies in 44 states. PharMerica's customers
are institutional healthcare providers, such as nursing centers,
assisted living facilities, hospials and other long-term care
providers. The Company also provides pharmacy management services to
long-term care hospitals.
This press release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, which
reflect the Company's current estimates, expectations and projections
about its future results, performance, prospects and opportunities. Forward-looking
statements include statements that are not historical facts and can be
identified by forward-looking words such as "anticipate," "believe,"
"could," "estimate," "expect," "intend," "plan," "may," "should,"
"will," "would," "project" and similar expressions. These
forward-looking statements are based upon information currently
available to us and are subject to a number of risks, uncertainties and
other factors that could cause the Company's actual results,
performance, prospects or opportunities to differ materially from those
expressed in, or implied by, these forward-looking statements. Important
factors that could cause the Company's actual results to differ
materially from the results referred to in the forward-looking
statements we make in this press release are included in the Risk
Factors section set forth in the Company's Annual Report on Form 10-K
filed with the SEC (News - Alert) and in other reports, including Quarterly Reports on
Form 10-Q filed with the SEC by the Company.
You are cautioned not to place undue reliance on any forward-looking
statements, all of which speak only as of the date of this press release.
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. All
subsequent written and oral forward-looking statements attributable to
us or any person acting on the Company's behalf are expressly qualified
in their entirety by the cautionary statements contained or referred to
in this press release and in the Risk Factors section set forth in the
Company's Annual Report on Form 10-K filed with the SEC and in other
reports filed with the SEC by the Company.
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