PharMerica acquires Integrity Pharmacy Services
LOUISVILLE, Ky. A national provider of institutional pharmacy and hospital pharmacy management services has acquired Integrity Pharmacy Services.
PharMerica said that Integrity, which has operations in Florida, Massachusetts and Pennsylvania and generates approximately $60 million in annual revenues, was acquired Dec. 31. This transaction is expected to be accretive to the company in 2010, PharMerica said.
“Consistent with our growth strategy, we are pleased to have completed this acquisition in 2009. Our acquisition pipeline continues to grow, and we are confident our overall growth strategy will provide shareholder returns,” Gregory S. Weishar, PharMerica’s CEO, said of the transaction.