H. D. Smith signs wholesale deal with PharmacyGPO
SPRINGFIELD, Ill. — Pharmaceutical wholesaler H. D. Smith will act as the exclusive supplier of various healthcare products for a buying group that serves independent pharmacies, the company said Monday.
H. D. Smith announced a deal with PharmacyGPO to supply prescription drugs, health-and-wellness products and durable medical equipment, saying it would help the buying group expand its presence in community pharmacies and long-term care facilities; PharmacyGPO's membership has grown by 300% since its founding last June. Financial terms of the deal were not disclosed.
"Like PharmacyGPO, H. D. Smith is committed to providing outstanding service and delivering business advantages to the community-based pharmacies and healthcare facilities that are the backbone of our nation's health system, so we feel privileged to partner with PharmacyGPO as its sole provider of pharmaceutical wholesale distribution and customer services," H. D. Smith chairman and CEO Dale Smith said. "Our companies have complementary missions and long-term growth tracks, and we look forward to working alongside PharmacyGPO to help its members impact positively patient care operating profitable businesses."