PharMerica
| Company type | Private |
|---|---|
| Industry | Pharmacy services |
| Founded | January 2007 |
| Headquarters | Louisville, Kentucky , United States |
Area served | United States (41 states) |
| Products | Institutional pharmacy services, specialty pharmacy, home infusion, oncology pharmacy, hospice pharmacy |
| Owner | KKR |
| Parent | BrightSpring Health Services, Inc. |
PharMerica is a Fortune 1000 corporation established in January 2007 through the consolidation of Kindred Healthcare's pharmacy division and a subsidiary of AmerisourceBergen. The company's main headquarters is located in Louisville, Kentucky, with a significant customer service center based in Tampa, Florida.
Overview
The core clientele of PharMerica includes senior living facilities, nursing homes, public health entities, and providers of post-acute care. Its network encompasses affiliates such as Pharmacy Alternatives, PropacPayless, ChemRX, and CIPRx.
Ranking as the second-largest institutional pharmacy services provider in the United States, PharMerica generated $1.9 billion in revenue while supporting 330,000 "beds" across 41 states.
In August 2011, the pharmacy services company Omnicare proposed a $457 million acquisition of PharMerica. Nevertheless, the Federal Trade Commission intervened to block the transaction due to concerns about potential drug price increases. Subsequently, Omnicare retracted its proposal in February 2012.
In August 2017, private equity firm KKR completed a $1.4 billion acquisition of PharMerica, including debt assumption. This purchase aimed to enhance PharMerica’s expansion within the assisted living pharmacy sector.
Units
PharMerica manages multiple specialized divisions:
- ValueMed
- Long-Term Care
- Amerita (specialty and home infusion)
- Onco360 (oncology pharmacy)
- OnePoint Patient Care (hospice pharmacy)
Corporate Affairs
On March 14, 2023, PharMerica along with its parent company BrightSpring Health Services, Inc., identified unauthorized activity on their network systems. They immediately initiated an internal probe and enlisted cybersecurity professionals to safeguard their infrastructure. The breach affected roughly 6 million individuals, compromising personal information such as names, birthdates, and Social Security numbers.