PharMerica Corporation a diversified national provider of institutional and specialty pharmacy services, recently announced that it has completed two transactions. In addition to the acquisition of Integrated Pharmacy Network, a Midland, MI based long-term care pharmacy, the Company’s Amerita subsidiary acquired Alternacare Infusion Pharmacy. Alternacare, based in Olathe, KS, provides specialty home infusion services in the greater Kansas City metropolitan area.
Terms of the transactions were not disclosed. With these acquisitions, PharMerica has achieved its goal of completing acquisitions that generate at least $100 million of annualized sales, in the aggregate, in 2015.