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Arete Pharmacy Network

AmerisourceBergen to buy H.D. Smith

AmerisourceBergen to buy H.D. Smith

VALLEY FORGE, Pa. — AmerisourceBergen Corp. plans to acquire fellow pharmaceutical distributor H.D. Smith for $815 million in cash. The companies said late Monday that the transaction, pending regulatory review and other closing conditions, is expected to close in early 2018. Springfield, Ill.-based H. D. Smith, the nation’s largest independent wholesaler, also operates CompleteCare Pharmacy,

Arete Pharmacy Network acquires PSAO RxPride

Arete Pharmacy Network acquires PSAO RxPride

PHOENIX — Arete Pharmacy Network LLC has acquired RxPride LLC, a pharmacy services administrative organization (PSAO) formerly owned by Smart-Fill Management Group Inc. Arete, which announced the deal Friday, said the addition of RxPride furthers its efforts to broaden its geographical footprint to extend the benefits of its PSAO programs and services to more independent

American Associated Pharmacies to acquire PIPCo

American Associated Pharmacies to acquire PIPCo

SCOTTSBORO, Ala. — Pharmacy cooperative American Associated Pharmacies (AAP) plans to acquire Partners in Pharmacy Cooperative (PIPCo). Financial terms of the acquisition weren’t disclosed. AAP said late Monday that PIPCo will be rebranded and operated under the AAP banner. Plans call for PIPCo employees to be integrated into AAP’s operations and for PIPCo’s Green Bay,

H.D. Smith, AAP agree to merge PSAOs

H.D. Smith, AAP agree to merge PSAOs

SPRINGFIELD, Ill., and PHOENIX — H.D. Smith and American Associated Pharmacies (AAP) plan to combine their pharmacy services administrative organizations (PSAOs) into a stand-alone PSAO entity. The companies said Monday that the joint venture, to be called the Arete Pharmacy Network, will merge H.D. Smith’s Third Party Network and AAP’s United Drugs and serve more