Priority Healthcare Corporation Acquires Partners in Care Pharmacy, a Midwestern Infertility Specialty Pharmacy
05 April 2004 - 10:00PM
PR Newswire (US)
Priority Healthcare Corporation Acquires Partners in Care Pharmacy,
a Midwestern Infertility Specialty Pharmacy LAKE MARY, Fla., April
5 /PRNewswire-FirstCall/ -- Priority Healthcare Corporation today
acquired certain assets of Partners In Care Pharmacy, an
infertility specialty pharmacy with a strong presence in the
Midwest. "The acquisition of Partners In Care adds additional
volume to Priority Healthcare's industry leading infertility
specialty pharmacy business. It will also enable us to leverage our
infrastructure to serve a greater number of infertility specialists
and their patients," said Steve Cosler, President and Chief
Executive Officer of Priority Healthcare. Partners in Care will be
consolidated into PriorityHealthcare's national Freedom Drug
operations that are based in Byfield, MA. Freedom Drug is the
nation's leading provider of specialty pharmacy services for
infertility. The company's pioneering approach to expert
infertility care, known as the Freedom Advantage, offers a range of
clinical and financial benefits for patients and physicians that
include 24-hour support and services. Freedom Drug also offers
payors a range of services through its innovative waste management
programs. Additional information for patients, physicians, and
healthcare partners is available at http://www.freedomdrug.com/
"Partners in Care generated sales of approximately $12 million in
the past 12 months. This acquisition should be accretive in the
second half of 2004," added Steve Saft, Chief Financial Officer of
Priority Healthcare. About Priority Healthcare Corporation Priority
Healthcare Corporation is a national specialty pharmacy and
distributor that provides biopharmaceuticals, complex therapies,
and related disease treatment services. Priority Healthcare
provides comprehensive programs for patients, payors, physicians,
and pharmaceutical manufacturers for a growing number of disease
states including cancer, hepatitis C, respiratory and pulmonary
conditions, infertility, rheumatoid arthritis, hemophilia, multiple
sclerosis, and macular degeneration. Additional information
regarding Priority Healthcare is available online at
http://www.priorityhealthcare.com/ Certain statements included in
this pressrelease, which are not historical facts, are
forward-looking statements. Such forward-looking statements are
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements represent our expectations or beliefs and involve
certain risks and uncertainties, including those described in our
public filings with the United States Securities and Exchange
Commission; also including, but not limited to, changes in interest
rates, competitive pressures, changes in customer mix, changes in
third party reimbursement rates, financial stability of major
customers, changes in government regulations or the interpretation
of these regulations, changes in supplier relationships, growth
opportunities, cost savings, revenue enhancements, synergies and
other benefits anticipated from acquisition transactions,
difficulties relative to integrating acquired businesses, the
accounting and tax treatment of acquisitions, and asserted and
unasserted claims, which could cause actual results to differ from
those in the forward-looking statements. The forward-looking
statements by their nature involve substantial risks and
uncertainties, certain of which are beyond our control, and actual
results may differ materially depending on a variety of important
factors. You are cautioned not to place undue reliance on these
forward-looking statements that speak only as of the date herein.
Logo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20030417/PHCLOGO
AP Archive: http://photoarchive.ap.org PRN Photo Desk,
photodesk@prnewswire.com DATASOURCE: Priority Healthcare
Corporation CONTACT: Investors, Stephen Saft, Chief Financial
Officer, +1-407-804-6700, or Media, Kirsten Ayars, Public Relations
Manager, +1-407-804-5826, both of Priority Healthcare Corporation
Web site: http://www.priorityhealthcare.com/
http://www.freedomdrug.com/
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