Priority Healthcare Completes Acquisition of SpectraCare, Inc.

Priority Healthcare Completes Acquisition of SpectraCare, Inc.



LAKE MARY, Fla., June 7  /PRNewswire-FirstCall/ -- Priority Healthcare
Corporation (NASDAQ:PHCC) announced today that it has closed the acquisition of
the specialty infusion pharmacy and medical management operations of
SpectraCare, Inc.

"We are excited about our acquisition of SpectraCare," said Steve Cosler,
President and Chief Executive Officer of Priority Healthcare.  "We look forward
to welcoming an exceptional team of professionals who are committed to
delivering high quality patient care.  This acquisition will accelerate the
growth of our specialty infusion business which is an important component of
our expanding services strategy."

About SpectraCare, Inc.

SpectraCare, Inc. is a specialty infusion company with a medical management
component headquartered in Louisville, Kentucky.  Since its inception in 1988
it has grown from a single location in Louisville to six pharmacies in four
states.  SpectraCare offers full specialty infusion services with its
pharmacies and network management on an administrative fee-for-services basis
for managed care organizations under the name Care Continuum.

About Priority Healthcare Corporation

Priority Healthcare is the premier healthcare services company providing
innovative, high quality and cost-effective solutions that enhance quality of
life.  As a national specialty pharmacy and distributor, Priority Healthcare
provides biopharmaceuticals, complex therapies, related disease treatment
programs and a portfolio of other service offerings for patients, payors,
physicians and pharmaceutical manufacturers.  The growing number of specialty
areas serviced by Priority Healthcare include: oncology, gastroenterology,
reproductive endocrinology, neurology, hematology, pulmonology, ophthalmology,
rheumatology, endocrinology, infectious disease and nephrology, as well as
ambulatory surgery centers.  Additional information regarding Priority
Healthcare is available online at http://www.priorityhealthcare.com/ .

Certain statements included in this press release, which are not historical
facts, are forward-looking statements.  Such forward-looking statements are
made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995.  These forward-looking statements represent our
expectations or beliefs and involve certain risks and uncertainties, including
those described in our public filings with the United States Securities and
Exchange Commission; also including, but not limited to, changes in interest
rates, competitive pressures, changes in customer mix, changes in third party
reimbursement rates, financial stability of major customers, changes in
government regulations or the interpretation of these regulations, changes in
supplier relationships, growth opportunities, cost savings, revenue
enhancements, synergies and other benefits anticipated from acquisition
transactions, difficulties relative to integrating acquired businesses, the
accounting and tax treatment of acquisitions, and asserted and unasserted
claims, which could cause actual results to differ from those in the
forward-looking statements.  The forward-looking statements by their nature
involve substantial risks and uncertainties, certain of which are beyond our
control, and actual results may differ materially depending on a variety of
important factors.  You are cautioned not to place undue reliance on these
forward-looking statements that speak only as of the date herein. 

http://www.newscom.com/cgi-bin/prnh/20030417/PHCLOGODATASOURCE: Priority
Healthcare Corporation



CONTACT:  Stephen Saft, Chief Financial Officer, [phone]



Web site:  http://www.priorityhealthcare.com/ 

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