News

Omnicare takes PharMerica acquisition bid to stockholders

BY Alaric DeArment

COVINGTON, Ky. — Pharmaceutical services provider Omnicare is taking its bid to buy PharMerica hostile.

PharMerica, a Louisville, Ky.-based company that distributes drugs to long-term care centers, turned down Omnicare’s offer last month, saying it undervalued the company. Omnicare, a Covington, Ky.-based company that also distributes drugs to long-term care centers and nursing homes, had offered $716 million, or $15 per share, which it said represented a 37.2% premium over PharMerica’s closing stock price on Aug. 22.

"While it remains our strong preference to sit down with PharMerica’s board of directors to negotiate a transaction, their refusal to do so has left us with no alternative but to take our offer directly to PharMerica’s stockholders," Omnicare CEO John Figueroa said.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon’s entry would shake up the most?
News

Supervalu pharmacies become first to accept e-Rxs for controlled substances

BY Allison Cerra

EDEN PRAIRIE, Minn. — Supervalu has expanded its offering to accept e-prescriptions for controlled substances at its banner pharmacies after meeting stringent regulatory requirements set by the Drug Enforcement Administration.

While Shoppers and Farm Fresh banner pharmacies in Virginia, along with Albertsons Sav-On pharmacies in Southern California, are the first pharmacies within the chain to accept e-prescriptions for controlled substances — drugs or other substances that are regulated under federal law depending on medical use, potential for abuse and addictiveness — in the coming weeks, the offering will expand to such banner pharmacies as Acme Sav-On, Cub, Jewel-Osco, Shaw’s, Shop ‘n Save and Shop ‘n Save Osco, where approved by state law.

All pharmacies must undergo a credentialing process to accept e-prescriptions for controlled substances, Supervalu said. These security and regulatory requirements are administered by the DEA and must be adhered to.

“Supervalu pharmacies are pleased to provide this added level of service and convenience of e-prescriptions for our patients who require prescriptions of controlled substances,” Supervalu pharmacies president Chris Dimos said. “This capability is another way our pharmacists combine technology and personal service to decrease our customers’ wait times for prescriptions.

“E-prescriptions are especially convenient for patients with multiple prescriptions for controlled and noncontrolled substances,” Dimos said. “Now all these prescriptions can be electronically issued at one time and promptly filled, requiring no additional paperwork or waiting.”

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon’s entry would shake up the most?
News

Fred Meyer preps for flu season with needle-free vaccine option

BY Allison Cerra

PORTLAND, Ore. — Fred Meyer customers seeking to be immunized against the flu this fall now have a needle-free option.

The retailer announced Thursday that stores across Alaska, Idaho, Oregon and Washington offer both traditional flu shots and a needle-free option, which is manufactured by Bioject Medical Technologies.

“While needle-free vaccines have been used in the past in some public agencies and the military, this is the first time this option has been available to the public through their pharmacies,” Fred Meyer VP and director of pharmacy Marc Cecchini said. “This provides a great alternative for customers who are wary of needles but want to protect themselves against the flu.”

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon’s entry would shake up the most?