PharMerica
{{Short description|Publicly traded American health care company}}
{{infobox company
| name = PharMerica
| type = Private
| industry = {{flat list|
}}
| hq_location_city = Louisville, Kentucky
| hq_location_country = U.S.
| area_served = United States
| parent = Kohlberg Kravis Roberts
}}
PharMerica is a Fortune 1000 company formed in January 2007 from the merger of Kindred Healthcare's pharmacy business with a subsidiary of AmerisourceBergen.{{cite news |title=AmerisourceBergen and Kindred Healthcare Form PharMerica |url=http://www.ascp.com/update/2007/03/#d2 |publisher=American Society of Consultant Pharmacists |date=2007-03-01 |accessdate=2007-03-01}}
The company is headquartered in Louisville, Kentucky, and operates a major customer support center in Tampa, Florida.{{cite news |first=Patrick |last=Howington |title=PharMerica to locate headquarters here |url=http://www.courier-journal.com/apps/pbcs.dll/article?AID=/20070122/BUSINESS/70122016 |work=The Courier-Journal |date=2007-01-22 |accessdate=2007-01-29}}
Overview
PharMerica's main clients are senior living communities, nursing facilities, public health organizations and post-acute care organizations.{{Cite web|title=Pharmerica Corporation {{!}} Company Profile {{!}} Vault.com|url=https://www.vault.com/company-profiles/retail/pharmerica-corporation|access-date=2021-05-11|website=Vault|language=en}} Its affiliates are Pharmacy Alternatives, PropacPayless, ChemRX, and CIPRx.{{Cite web|title=Pharmacy Alternatives Closed Door IDD Pharmacy Services|url=https://pharmacyalternatives.com/|access-date=2021-05-11|website=Pharmacy Alternatives|language=en-US}}{{Cite web|title=PropacPayless Pharmacy|url=http://www.propacpayless.com/|access-date=2021-05-11|website=www.propacpayless.com}}{{Cite web|last=Connole|first=Patrick|title=PharMerica's PropacPayless Brings Local Focus Aligned With National Presence|url=https://www.providermagazine.com/Topics/Special-Features/Pages/PharMerica%E2%80%99s-PropacPayless-Brings-Local-Focus-Aligned-With-National-Presence.aspx|access-date=2021-05-11|website=www.providermagazine.com|language=en-US}}{{Cite web|title=Long Beach provider to healthcare companies plans move to Uniondale, taking 125 jobs with it|url=https://www.liherald.com/stories/long-beach-provider-to-healthcare-companies-plans-move-to-uniondale-taking-125-jobs-with-it,125541|access-date=2021-05-11|website=Herald Community Newspapers|date=2 June 2020 |language=en}}
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.{{Cite web|last1=Fein|first1=Adam J.|last2=Ph.D.|title=Omnicare Bids for PharMerica to Surf the Generic Wave|url=https://www.drugchannels.net/2011/08/omnicare-bids-for-pharmerica-to-surf.html|access-date=2021-05-11}}{{Cite web|date=2015-07-06|title=After Omnicare deal, all eyes turn to PharMerica|url=https://www.mcknights.com/news/after-omnicare-deal-all-eyes-turn-to-pharmerica/|access-date=2021-05-11|website=McKnight's Long Term Care News|language=en-US}} 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.{{cite web|title=Omnicare Rises after Analyst Upgrades Shares|url=http://www.businessweek.com/ap/financialnews/D9SU02681.htm|archive-url=https://archive.today/20120724005343/http://www.businessweek.com/ap/financialnews/D9SU02681.htm|url-status=dead|archive-date=July 24, 2012|publisher=Bloomberg BusinessWeek|accessdate=5 April 2012}}{{Cite web|title=FTC blocks Omnicare acquisition of PharMerica|url=https://www.drugtopics.com/view/ftc-blocks-omnicare-acquisition-pharmerica|access-date=2021-05-11|website=Drug Topics|date=2 February 2012 }} In February 2012, Omnicare allowed its offer to the shareholders of PharMerica to expire.{{cite web|title=Omnicare Announces Expiration of Its Tender Offer to Acquire PharMerica|url=https://www.reuters.com/article/2012/02/21/idUS120368+21-Feb-2012+HUG20120221|archive-url=https://web.archive.org/web/20120224035740/http://www.reuters.com/article/2012/02/21/idUS120368+21-Feb-2012+HUG20120221|url-status=dead|archive-date=24 February 2012|publisher=Reuters|accessdate=5 April 2012}}{{Cite news|date=2012-02-21|title=Omnicare drops hostile pursuit of PharMerica|language=en|work=Reuters|url=https://www.reuters.com/article/us-pharmerica-omnicare-idUKTRE81K0TY20120221|access-date=2021-05-11}}
In August 2017, CNBC reported that PharMerica was to be acquired by KKR, in a deal worth $1.4 billion, including debt.{{Cite news|url=https://www.cnbc.com/2017/08/02/kkr-to-take-pharmerica-private-in-1-point-4-billion-deal.html|title=KKR to take PharMerica private in $1.4 billion deal|last=CNBC|date=2017-08-02|work=CNBC|access-date=2017-11-22}}{{Cite web|date=2019-03-06|title=BrightSpring and PharMerica officially merge to become a leading provider of health and pharmacy services|url=https://www.brightspringhealth.com/news/brightspring-pharmerica/|access-date=2021-05-11|website=BrightSpring Health Services|language=en-US}}{{Cite web|last=Holly|first=Robert|date=2019-03-06|title=BrightSpring, PharMerica Merge in $1.32 Billion Deal|url=https://homehealthcarenews.com/2019/03/brightspring-pharmerica-merge-in-1-32-billion-deal/|access-date=2021-05-11|website=Home Health Care News|language=en-US}}{{Cite web|date=2017-12-08|title=$1.4 billion PharMerica acquisition by KKR complete; growth in assisted living arena expected|url=https://www.mcknightsseniorliving.com/home/news/1-4-billion-pharmerica-acquisition-by-kkr-complete-growth-in-assisted-living-arena-expected/|access-date=2021-05-11|website=McKnight's Senior Living|language=en-US}}
= Units =
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{{Cite web|date=2023-05-20|title=PharMerica Notifies Individuals of Privacy Incident|url=https://pharmerica.com/data-privacy-incident|website=PharMerica|language=en-US}} The data breach affected approximately 6 million people and included names, DOBs, and SSNs.{{Cite web|date=2023-05-20|title=Hackers steal the SSN of nearly 6 million people|url=https://www.pandasecurity.com/en/mediacenter/security/hackers-ssn-6-million|website=Panda Media Center|language=en-US}}
References
{{reflist}}
External links
{{Portal|Companies}}
- [http://www.pharmerica.com/ PharMerica website]
{{DEFAULTSORT:Pharmerica}}
Category:Pharmacies of the United States
Category:Companies based in Louisville, Kentucky
Category:Companies formerly listed on the New York Stock Exchange
Category:Retail companies established in 2007
Category:American companies established in 2007
Category:2007 establishments in Kentucky
Category:Health care companies based in Kentucky
Category:2017 mergers and acquisitions
Category:Kohlberg Kravis Roberts companies
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