DUBLIN, Ohio Cardinal Health has been selected to be the exclusive pharmaceutical distributor for American Associated Pharmacies' nearly 2,000 independent pharmacy members nationwide.
The American Associated Pharmacies is the parent company of Associated Pharmacies Inc. and United Drugs.
Cardinal Health previously had separate, exclusive distribution agreements with API and United Drugs, prior to their Sept. 1, 2009 merger. The new, multi-year agreement, effective last week, solidifies Cardinal Health as the primary pharmaceutical distributor for the combined entity’s nationwide pharmacy members. The new contract signifies a long-term partnership between Cardinal Health and AAP and better positions both companies to help independent retail pharmacies improve cost-effectiveness and efficiency.
“Since API and United Drugs joined together in September of this year, we have been very active establishing our new parent company, AAP, while also focusing on ways to strengthen our well-established relationships with Cardinal Health,” said Jon Copeland, CEO of AAP. “Throughout the entire process, we’ve had only one goal: The greater success of our members. Now, with AAP’s new agreement with Cardinal Health, we’ve made a giant step toward achieving that goal.”
As part of the agreement, AAP members will have access to an extensive portfolio of branded and generic pharmaceuticals from Cardinal Health. They will also have access to a broad array of Cardinal Health solutions and services designed to help independent pharmacies improve profitability and efficiency. AAP members will also have access to select Cardinal Health services and solutions, including customized reimbursement consulting services, reconciliation services that ensure payors pay reimbursements in full and tools that help retailers market and increase non-prescription sales to drive diversified revenue growth.
“Cardinal Health, Associated Pharmacies, Inc. and United Drugs share a passionate commitment to supporting the growth of independent pharmacies,” said Mike Kaufmann, CEO of Cardinal Health’s pharmaceutical segment. “Through Cardinal Health’s strong generics program and our powerful, customized portfolio of supply chain, operational and financial performance solutions, we’ll work hand-in-hand with AAP to help their nearly 2,000 independent pharmacy members improve cost effectiveness and efficiency so they can focus on what they do best – care for patients.”