Not Your Neighborhood Pharmacy

by | Jul 8, 2016 6:53 pm | Other Services | 0 comments

Some healthcare sectors have benefited more than others from demographic trends, the prevalence of chronic illnesses, and an abundance of drug pipelines. However, one subsector of health care services may really start cashing in. According to the 22nd Edition of The Health Care Services Acquisition Report, in 2011, there were only 6 specialty pharma acquisitions. By 2014 and 2015, there were 11 and 14, respectively. Specialty pharmacies have the resources to handle the challenging prescriptions that retail pharmacies do not. These prescriptions are generally expensive, and, according to CVS Health (NYSE: CVS), the average cost to payers and patients for a specialty medication is $3,000 per... Read More »

Lincare Sells Its Specialty Pharmacy Businesses

by | Jun 14, 2016 8:00 am | Other Services | 0 comments

Lincare Holdings Inc., the nation’s largest home health provider of oxygen and respiratory services, is selling its specialty pharmacy businesses, Acro Pharmaceutical Services, LLC and Community Pharmacy Services, LLC. Acro operates in 50 states, while Community Pharmacy Services serves a 340B drug program in the Philadelphia area. These businesses generated revenue of approximately $206 million in the fiscal year ended December 31, 2015. The acquirer is Premier Inc. (NASDAQ: PINC), a healthcare improvement company, agreed to pay an aggregate of $75 million in cash. The businesses generated revenue of approximately $206 million in the fiscal year ended December 31, 2015, for a... Read More »