VALLEY FORGE, Pa.--(BW HealthWire)--April 25, 2001--AmeriSource
Health Corporation (NYSE: AAS), a leading pharmaceutical distributor,
today announced that it has signed a three-year agreement worth
approximately $140 million annually with Universal Health, LLC, a
community pharmacy group. Most of the business is incremental sales
for AmeriSource.
Universal Health, LLC is a group of independent pharmacies in the
Northern New Jersey and New York City Metropolitan Area which has
recently re-established the "Drug Guild" brand. Under the Drug Guild
name, the company provides promotional, advertising and other services
for its member community pharmacies.
"AmeriSource's reputation for customer service and its commitment
to community pharmacies made the difference for us," said Robert
Cappa, R.Ph., President of Universal Health. "We are looking for
AmeriSource to grow with us as we expand in the Northern New Jersey
and New York City Metropolitan Area."
"We are excited that Universal Health chose AmeriSource, and we
look forward to providing them with the local attention and service we
are known for," said David Yost, AmeriSource's Chairman and Chief
Executive Officer. "We are committed to the success of community
pharmacists and their critical role in the delivery of healthcare."
About AmeriSource
AmeriSource Health Corporation, with more than $13 billion in
annualized operating revenue, is a leading distributor of
pharmaceutical and related healthcare products and services, and the
industry's largest provider of pharmaceuticals to the acute
care/health systems market. Headquartered in Valley Forge, PA, the
Company serves its base of about 15,000 customer accounts through a
national network of more than 20 strategically located distribution
facilities. For news and additional information about the company,
visit its web site at www.amerisource.com.
Certain information contained in this press release includes
forward-looking statements (as defined in Section 27A of the
Securities Act and Section 21E of the Exchange Act) that reflect the
Company's current views with respect to future events and financial
performance. Certain factors such as competitive pressures, success of
restructuring and system initiatives, market interest rates,
regulatory changes, continued industry consolidation, changes in
customer mix, changes in pharmaceutical manufacturers' pricing and
distribution policies, the loss of one or more key customer or
supplier relationships and other matters contained in the Company's
10-K for fiscal year 2000 and other public documents could cause
actual results to differ materially from those in the forward-looking
statements. The Company assumes no obligation to update the matters
discussed in this press release.
CONTACT: |
AmeriSource Health Corporation |
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Michael N. Kilpatric, 610/727-7118 |
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[email protected] |
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