Pharmerica acquired Propac Payless

Buyer: PharMerica
Seller: Propac Payless
Date / Year: May 7, 2019
Sector: pharmacy, long term care

Louisville, KY-based Pharmerica has acquired Propac Payless, an independent senior living and long-term care pharmacy based in Vancouver, WA, from Moda Health.

Propac Payless has more than 34,000 clients, primarily in the Northwest and West. With this new partnership, companies will build on Propac Payless’ customer relationships while using PharMerica’s scale, proximity and clinical programs to serve the senior living, long-term care, hospital, home infusion, behavioral health, specialty and oncology pharmacy markets.

“We look forward to working together on our next phase of development,” PharMerica president Bob Dries said in an announcement. “Together, we will have unmatched capabilities to drive improved outcomes and reduce costs and help people in the Pacific Northwest live their best lives.”

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