Type Public Area served United States Founded 2007 | Industry Retailhealth care Website www.pharmerica.com Parent organization AmerisourceBergen | |
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Traded as NYSE: PMCS&P 600 Component Stock price PMC (NYSE) US$ 24.10 +0.60 (+2.55%)29 Mar, 4:02 PM GMT-4 - Disclaimer CEO Gregory S Weishar (12 Jul 2007–) Subsidiaries PharMerica Long Term Care Inc | ||
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PharMerica is a publicly traded Fortune 1000 company formed in January 2007 from the merger of Kindred Healthcare's pharmacy business with a subsidiary of AmerisourceBergen. The company is headquartered in Louisville, Kentucky, and operates a major customer support center in Tampa, Florida.
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The new company is the second largest in the institutional pharmacy services market, with revenues of $1.9 billion and a customer base of 330,000 "beds" in 41 U.S. states.
In August 2011, pharmacy services provider Omnicare made a bid of $457 million for all outstanding shares of PharMerica. The Federal Trade Commission sued Omnicare to block the deal on the basis that the FTC believed the acquisition would lead to higher drug prices. In February 2012, Omnicare allowed its offer to the shareholders of PharMerica to expire.