Priority Healthcare Corporation Acquires HealthBridge Reimbursement and Product Support, Inc.

Priority Healthcare Corporation Acquires HealthBridge
Reimbursement and Product Support, Inc. 


LAKE MARY, Fla., June 15  /PRNewswire-FirstCall/ -- Priority Healthcare
Corporation (NASDAQ:PHCC) today acquired 100 percent of the stock of
HealthBridge Reimbursement and Product Support, Inc., a service company
specializing in drug launch and reimbursement support for the biotech and
pharmaceutical industry.

"The acquisition of HealthBridge expands our service offerings to both
pharmaceutical manufacturers and payors.  We are now able to partner with
manufacturers at a much earlier point and provide support from pre-launch
through the life of a product.  We can also better serve our payor customers
with improved benefit design management and formulary coverage," said Steve
Cosler, President and Chief Executive Officer of Priority Healthcare.

Mary Casey, Chief Executive Officer of HealthBridge, stated, "The combination
of our current service offerings with Priority Healthcare is an exciting
opportunity for us."

Corinne Maioli, President of HealthBridge, added, "Joining with an industry
leader will enable us to work with our customers and Priority Healthcare to
maximize the growth opportunities for the HealthBridge platform."

Founded in 1988, HealthBridge Reimbursement and Product Support, Inc. caters to
pharmaceutical companies by offering reimbursement services, product support,
strategic planning, and education and training for new medications. As a wholly
owned subsidiary of Priority Healthcare, HealthBridge will continue to operate
under the direction of founders Mary Casey and Corinne Maioli.  Its 65
employees will provide services from HealthBridge headquarters in Braintree,
Massachusetts.  Additional company information is available online at
http://www.healthbridgeinc.com/

"The acquisition price is consistent with our historical valuations," added
Steve Saft, Chief Financial Officer of Priority Healthcare.  "The transaction
is very strategic to Priority Healthcare and should be accretive to EPS in
2005."

About Priority Healthcare Corporation

Priority Healthcare Corporation is a national specialty pharmacy and
distributor that provides biopharmaceuticals, complex therapies and related
disease treatment services.  Priority Healthcare provides comprehensive
programs for patients, payors, physicians and pharmaceutical manufacturers for
a growing number of disease states including cancer, hepatitis C, respiratory
and pulmonary conditions, infertility, rheumatoid arthritis, hemophilia,
multiple sclerosis, Parkinson's disease and macular degeneration.  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.healthbridgeinc.com 

http://www.newscom.com/cgi-bin/prnh/20030417/PHCLOGO

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DATASOURCE: Priority Healthcare Corporation



CONTACT:  Stephen Saft, Chief Financial Officer, Priority Healthcare

Corporation, [phone]



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

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