KKR’s PharMerica Makes Its First Deal

In late May, specialty pharmacy company PharMerica Corporation announced its first acquisition since being acquired by KKR & Co. (NYSE: KKR), with a minority investment from Walgreens Boots Alliance (NASDAQ: WBA), in August 2017. The company priovides institutional and community-based pharmacy services in the United States. When KKR took it private for $1.3 billion, it had trailing-12 […]

three oaks
three oaks

BrightSpring Merges with KKR’s PharMerica

BrightSpring Health Services and PharMerica are merging to create a national home care business with its own pharmacy services provider under KKR & Co. (NYSE: KKR). Both companies are based in Louisville, Kentucky and will continue to operate from there. Financial terms were not disclosed. BrightSpring, formerly known as ResCare, was a portfolio company of […]

PharMerica Expands Its Footprint

The institutional pharmacy services company PharMerica Corporation (NYSE: PMC) moved into western New York with its acquisition of McGuire Group Pharmacy, a subsidiary of McGuire Group in Cheektowaga, New York (a suburb of Buffalo). McGuire Group operates skilled nursing facilities in western New York, Long Island and Michigan, and is selling its pharmacy division, which […]