Profile: PharMerica Corp (PMC.N)
14.79USD
1 Aug 2013
$0.15 (+1.02%)
$14.64
$14.73
$14.81
$14.60
40,975
69,219
$16.44
$9.85
PharMerica Corporation, incorporated on October 23, 2006, is an institutional pharmacy services company, which services healthcare facilities and provides management pharmacy services to hospitals. As of December 31, 2011, the Company operated 95 institutional pharmacies in 44 states. The Company operates in two segments: institutional pharmacies and hospital pharmacy management. Institutional pharmacies provide pharmacy services to nursing centers and other healthcare providers, and the hospital pharmacy management business provides management services to substantially all of Kindred Healthcare, Inc.’s hospitals. The Company also provides pharmacy management services to 91 hospitals in the United States of America. In December 2012, the Company acquired Amerita, Inc.
As of December 31, 2011, the Company had contracts to provide pharmacy services to 339,498 licensed beds for patients in healthcare facilities throughout the country. During the year ended December 31, 2011, Kindred institutional pharmacy contracts represented approximately 10.7% of the Company’s total revenues. As of December 31, 2011, it provided hospital pharmacy management services to Kindred and other customers at 91 locations. During 2011, revenues under the Kindred hospital pharmacy management service contracts represented approximately 3.0% of the Company’s total revenues.
Institutional Pharmacy Business
The Company services healthcare facilities and also provides management pharmacy services to hospitals. The Company’s customers include institutional healthcare providers, such as nursing facilities, nursing centers, assisted living facilities, hospitals, and other long-term alternative care settings. The Company also provides pharmacy management services to 91 hospitals in the United States. It purchases, repackages, and dispenses prescription and non-prescription pharmaceuticals in accordance with physician orders and delivers such medication to healthcare facilities for administration to individual patients and residents. Each pharmacy provides around-the-clock, on-call pharmacist services for emergency dispensing, delivery, and/or consultation with the facility’s staff or the resident’s attending physician. It also provides various supplemental healthcare services that complement its institutional pharmacy services. The Company offers prescription and non-prescription pharmaceuticals to its customers through unit dose or modified unit dose packaging, dispensing and delivery systems in a 15 to 30-day supply. It provides computerized physician orders and medication administration records for patients or residents on a monthly basis as requested.
Consultant Pharmacist Services
The Company provides consultant pharmacist services. The services offered by its consultant pharmacists include monthly reviews of each resident’s drug regimen to assess the appropriateness and efficacy of drug therapies, including the review of medical records, monitoring drug interactions with other drugs or food, monitoring laboratory test results, and recommending alternative therapies, and monitoring and reporting on facility-wide drug utilization.. The services offered also include development and maintenance of pharmaceutical policy and procedure manuals, and assistance with federal and state regulatory compliance pertaining to resident care.
Medical Records
The Company provides medical records services, which includes the completion and maintenance of medical record information for patients in its customer’s facilities. The medical records services include access to medication and treatment administration records, physician order sheets and psychotropic drug monitoring sheets; online ordering to save time and resources, and a customized database with the medication profiles of each resident’s medication safety, efficiency and regulatory compliance. It also provides Web-based individual patient records detailing each prescribed medicine, and electronic medical records.
Ancillary Services
The Company provides intravenous (IV) drug therapy products and services to its customers. It provides IV or infusion therapy products and services for these client facilities, as well as hospice and home care patients. Infusion therapy consists of the product (a nutrient, antibiotic, chemotherapy, or other drugs in solution) and the intravenous administration of the product.
Hospital Pharmacy Management Services
The Company provides hospital pharmacy management services. These services entail the overall management of the hospital pharmacy operations, including the ordering, receipt, storage, and dispensing of pharmaceuticals to the hospital’s patients pursuant to the clinical guidelines established by the hospital. It offers the hospitals a range of regulatory and financial management services, including inventory control, budgetary analysis, staffing optimization and assistance with obtaining and maintaining applicable regulatory licenses, certifications and accreditations. The Company works with the hospitals to develop and implement pharmacy policies and procedures, including drug formulary development and utilization management. It also offers clinical pharmacy programs that encompass a range of drug therapy and disease management protocols, including protocols for anemia treatment, infectious diseases, wound care, nutritional support, renal dosing, and therapeutic substitution.
The Company competes with Omnicare, Inc.
Company Address
PharMerica Corp
1901 CAMPUS PLACE
LOUISVILLE KY 40299
P: +1502.6277000
F: +1302.6365454
Company Web Links
| Name | Compensation |
|---|---|
Geoffrey Meyers |
-- |
Gregory Weishar |
3,914,000 |
David Froesel |
-- |
Suresh Vishnubhatla |
-- |
Berard Tomassetti |
-- |

