PharMerica (PMC) Completes Acquisition of BGS Pharmacy Partners

January 10, 2014 6:34 AM EST
PharMerica Corporation (NYSE: PMC) announced that on December 31, 2013 it completed the all-cash acquisition of BGS Pharmacy Partners, Inc. Although financial terms of the transaction were not disclosed, the Company expects the acquisition to be accretive to earnings in 2014.

BGS Pharmacy Partners provides comprehensive pharmacy services to long-term care facilities and other customers, primarily in Las Vegas and Reno, Nevada and Salt Lake City, Utah.

Greg Weishar, PharMerica Corporation’s Chief Executive Officer, stated, “The transaction increases our presence in two important markets where we have existing operations, Las Vegas and Salt Lake City, and expands our geographic footprint in the Reno area. BGS has a talented team and has built a strong business based on patient care, clinical expertise, and customer service. We look forward to working with BGS’ outstanding client base to serve the needs of their residents.”

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