Hy-Vee acquires Amber Pharmacy
WEST DES MOINES, Iowa — Hy-Vee on Monday announced that it has entered into an agreement to purchase Amber Pharmacy, a specialty pharmacy solutions provider based in Omaha, Neb. Hy-Vee and Amber Pharmacy have been partners in Hy-Vee Pharmacy Solutions since 2010. This acquisition allows Hy-Vee to expand its current specialty pharmacy business, providing customers with increased specialty options, access and affordability.
"The partnership between Hy-Vee and Amber Pharmacy has been very successful over the last four years," stated Randy Edeker, chairman, CEO and president of Hy-Vee. "Specialty pharmacy continues to experience tremendous growth. Amber Pharmacy’s talented team, innovative practices and commitment to customer service will allow us to respond to that growth while meeting and exceeding our customer needs."
Amber Pharmacy will maintain its existing name and operations, including headquarters in Omaha and locations in Chicago, Dallas and Philadelphia. The specialty pharmacy company will operate independently and will continue to be led by current president Michael Agostino, retaining all employees.
"The Kaplan family’s history with Hy-Vee, along with their commitment to customer service, health and wellness, makes them an ideal partner to grow Amber Pharmacy’s presence," said William Kaplan Sr. "Together, we will continue to be trusted partners with our patients, healthcare providers, insurance payers and manufacturers."
Hy-Vee established Hy-Vee Pharmacy Solutions in 2010. The company was founded to provide Hy-Vee employees with specialty pharmacy services more efficiently and economically. Since that time, Hy-Vee Pharmacy Solutions has grown and specialty pharmacy has become an important focus for Hy-Vee and service for its customers.
The purchase price was not disclosed, but the acquisition was approved by the boards of both companies and pending regulatory approval should close within the next 30 days.
Diplomat Specialty Pharmacy initiates content partnership with NASP
FLINT, Mich. — Diplomat Specialty Pharmacy on Monday announced that it has initiated a content partnership with the National Association of Specialty Pharmacy.
The new partnership will support Diplomat’s recently launched web platform, diplomat.is, and its goal to be a leading resource for specialty pharmacy. Additionally, the partnership will further establish NASP’s position as a leading voice in specialty pharmacy and clinical news.
“Our goal is to build partnerships within the industry and foster an environment of collaboration to enhance education and improve the care that patients receive,” stated Gary Cohen, NASP CEO. “We support efforts by our industry partners that allow pharmacists and other stakeholders to gain additional education and knowledge about targeted specialty therapeutic categories.”
The partnership agreement also presents the potential for future growth and opportunities for Diplomat to provide educational materials as well.
“Our partnership with NASP will allow us to share rich, deep content supported and developed by industry experts,” stated Jenny Cretu, VP IT and marketing at Diplomat. “NASP is committed to providing the highest quality of information for continued education and awareness and we are excited to bring this to our Diplomat patients and partners.”
McKesson, Rite Aid expand generic distribution deal in new five-year agreement
SAN FRANCISCO — McKesson and Rite Aid on Tuesday announced the signing of an expanded distribution agreement to include both brand and generic pharmaceuticals. The new five-year agreement, which extends through March 2019, creates efficiencies for both companies by leveraging the strength of Rite Aid as one of the leading national drug store chains in the United States, and McKesson as a leader in pharmaceutical sourcing and supply chain management, the companies reported.
As part of the expanded agreement, McKesson will assume responsibility for the sourcing and distribution of generic pharmaceuticals for Rite Aid as part of McKesson’s One Stop proprietary generics program. Rite Aid stores will benefit from the full value of McKesson’s daily direct-to-store delivery service model for brand and generic pharmaceutical products.
"I am extremely proud of McKesson’s industry-leading service levels and the strength of our global sourcing and supply chain capabilities; which mean that we deliver the right products at the right time with exceptional efficiency for our customers" stated John Hammergren, chairman and CEO, McKesson. "Rite Aid has been a valued customer to McKesson for more than 16 years and I am honored at the trust they have placed in us as we expand our partnership."
"We are excited to expand our partnership with McKesson," commented John Standley, Rite Aid chairman and CEO. "The combination of Rite Aid’s and McKesson’s generic purchasing scale and sourcing expertise, in conjunction with McKesson’s industry-leading drug distribution capabilities, will enable us to achieve supply chain efficiencies, provide even better service to Rite Aid customers, and generate additional cash flow to fuel our company’s growth."