MEMPHIS, Tenn. — Fred’s Inc. plans to acquire specialty pharmacy EntrustRx as part of a $66 million deal. The Southeastern discount store chain said Wednesday that it will buy Reeves-Sain Drug Store Inc., a specialty and retail pharmacy company based in the greater Nashville, Tenn., area. The deal includes EntrustRx, a specialty pharmacy operation with
FLINT, Mich. — Diplomat Pharmacy Inc. has begun a follow-on public offering of 7.4 million shares of its common stock. The independent specialty pharmacy said late Monday that it’s selling 4.4 million shares of common stock, and certain shareholders are selling 3 million shares of common stock. In addition, the company and selling shareholders aim
FLINT, Mich. — Diplomat Pharmacy Inc. has filed a registration statement with the Securities and Exchange Commission for a follow-on public offering of its common stock. The independent specialty pharmacy, the nation’s largest, said late Friday that the offering could raise about $200 million, depending on market conditions. Last October, Diplomat completed an initial public
FLINT, Mich. — Diplomat Pharmacy, which posted strong financial results for fiscal 2014, is acquiring BioRx LLC, a specialized pharmacy and infusion services company. Based in Cincinnati, BioRx provides treatments for patients with ultra-orphan and rare, chronic diseases. Terms of the agreement call for Diplomat to buy BioRx for $210 million in cash and $105
ALEXANDRIA, Va. — The National Association of Specialty Pharmacy (NASP) has relocated its headquarters to the Washington, D.C., area. NASP said Tuesday that the move is effective immediately. The new headquarters address is 1765 Duke St., Alexandria, Va., 22314. NASP staff have already moved to the new location. The association noted that the new location
DEERFIELD, Ill. — Walgreen Co. has signed a definitive agreement with Madison Dearborn Partners, a private equity firm based in Chicago, under which MDP will acquire a majority interest in Walgreens Infusion Services. One of the nation’s largest providers of home and alternate treatment site infusion services, Walgreens Infusion Services has a footprint that includes 89
As in the retail pharmacy arena, the specialty pharmacy market is dominated by a small number of companies, noted the Drug Channels Institute, which has released its 2014-15 Economic Report on Retail, Mail, and Specialty Pharmacies. “The specialty pharmaceutical boom is reshaping the pharmacy industry’s market structure. Ten companies account for 70% of specialty pharmacy
NEW YORK — CVS Health “has made the right moves,” and is “very excited about the enterprise that we have become,” president and chief executive officer Larry Merlo said at the company’s annual Analyst Day here. CVS is well positioned to meet the changing needs of consumers, payers and providers with its integrated retail pharmacy,
