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PHCC Priority Healthcare b (MM)

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Share Name Share Symbol Market Type
Priority Healthcare b (MM) NASDAQ:PHCC NASDAQ Common Stock
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Priority Healthcare Corporation Acquires Partners in Care Pharmacy, a Midwestern Infertility Specialty Pharmacy

05/04/2004 1:00pm

PR Newswire (US)


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Priority Healthcare Corporation Acquires Partners in Care Pharmacy, a Midwestern Infertility Specialty Pharmacy LAKE MARY, Fla., April 5 /PRNewswire-FirstCall/ -- Priority Healthcare Corporation today acquired certain assets of Partners In Care Pharmacy, an infertility specialty pharmacy with a strong presence in the Midwest. "The acquisition of Partners In Care adds additional volume to Priority Healthcare's industry leading infertility specialty pharmacy business. It will also enable us to leverage our infrastructure to serve a greater number of infertility specialists and their patients," said Steve Cosler, President and Chief Executive Officer of Priority Healthcare. Partners in Care will be consolidated into PriorityHealthcare's national Freedom Drug operations that are based in Byfield, MA. Freedom Drug is the nation's leading provider of specialty pharmacy services for infertility. The company's pioneering approach to expert infertility care, known as the Freedom Advantage, offers a range of clinical and financial benefits for patients and physicians that include 24-hour support and services. Freedom Drug also offers payors a range of services through its innovative waste management programs. Additional information for patients, physicians, and healthcare partners is available at http://www.freedomdrug.com/ "Partners in Care generated sales of approximately $12 million in the past 12 months. This acquisition should be accretive in the second half of 2004," added Steve Saft, Chief Financial Officer of Priority Healthcare. 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, and macular degeneration. Additional information regarding Priority Healthcare is available online at http://www.priorityhealthcare.com/ Certain statements included in this pressrelease, 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. Logo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20030417/PHCLOGO AP Archive: http://photoarchive.ap.org PRN Photo Desk, photodesk@prnewswire.com DATASOURCE: Priority Healthcare Corporation CONTACT: Investors, Stephen Saft, Chief Financial Officer, +1-407-804-6700, or Media, Kirsten Ayars, Public Relations Manager, +1-407-804-5826, both of Priority Healthcare Corporation Web site: http://www.priorityhealthcare.com/ http://www.freedomdrug.com/

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