Live Event Webcast Scheduled for Wednesday, August 15 at 12:15
p.m. ET
VALLEY FORGE, Pa. & LOUISVILLE, Ky.--(BUSINESS WIRE)--July 18,
2007--AmerisourceBergen Corporation (NYSE:ABC) and Kindred Healthcare,
Inc. (NYSE:KND) today announced that PharMerica Corporation will hold
an informational investor meeting on Wednesday, August 15, 2007 to
introduce the financial community to PharMerica Corporation.
PharMerica is the institutional pharmacy services company that will
result from the proposed combination of the institutional pharmacy
businesses of AmerisourceBergen and Kindred Healthcare. The
transaction is expected to close on or about July 31, 2007.
PharMerica's Chief Executive Officer Gregory S. Weishar, Chief
Financial Officer Michael J. Culotta and Chief Operating Officer Mark
A. McCullough will present at 12:15 p.m. ET on August 15. A live
webcast of the presentation and question and answer session will be
available on the PharMerica web site at www.pharmerica.com under
Investors: Webcasts and Presentations. The webcast will be archived
for 30 days after the event.
"PharMerica is well positioned to capitalize on growth
opportunities in the institutional pharmacy sector," Weishar said.
"Our national platform, scale and standardized operating platform
position us to capitalize on the Medicare Part D opportunity in the
market while also participating in our industry's strong organic
growth. We believe that this combination will create a company with
the singular focus and financial strength required to serve the needs
of the long term care market."
Parties interested in attending the event in New York City may
contact Moira Conlon of The Abernathy MacGregor Group at 213-630-6550
or mhc@abmac.com for more information.
About PharMerica Corporation
PharMerica Corporation will be an institutional pharmacy services
provider dedicated to providing quality customer service and
innovative pharmacy solutions to institutional customers and patients
in long-term care settings. PharMerica will be a public company formed
through the combination of the institutional pharmacy business of
national healthcare services company Kindred Healthcare Inc. and
pharmaceutical services company AmerisourceBergen. As a result of this
combination, PharMerica will rank as an industry-leading U.S. provider
of institutional pharmacy services in terms of annual revenues.
Headquartered in Louisville, Kentucky, PharMerica will serve more than
100 facilities in 40 states including 310,000 licensed customer beds
under contract, and we will have approximately 5,500 employees
nationwide.
Information related to the transaction and business combination is
available in the amended Form S-4/S-1 Registration Statement filed
with the Securities and Exchange Commission under Safari Holding Corp.
on July 13, 2007, available at http://www.sec.gov.
PharMerica Forward-Looking Statements
This press release contains forward-looking statements, including
statements regarding our position to capitalize on growth
opportunities in the institutional pharmacy sector, Medicare Part D
and our industry's organic growth and our belief about the effects of
the combination of PharMerica LTC and KPS, that are based on current
expectations, estimates, our beliefs and assumptions. Words such as
"anticipates," "expects," "intends," "plans," "believes," "seeks," and
"estimates" and variations of these words and similar expressions are
intended to identify forward-looking statements. These statements are
not guarantees of future performance and are subject to risks,
uncertainties and other factors, some of which are beyond our control
and difficult to predict and could cause actual results to differ
materially from those expressed or implied in the forward-looking
statements.
Although we believe that the assumptions on which these
forward-looking statements are based are reasonable, any of those
assumptions could prove to be inaccurate, and as a result, the
forward-looking statements based on those assumptions also could be
inaccurate. In light of these and other uncertainties, the inclusion
of a forward-looking statement in this press release should not be
regarded as a representation by us that our plans and objectives will
be achieved. You should not place undue reliance on these
forward-looking statements. Factors which could cause our actual
results to be materially different from those expressed in or implied
by the forward-looking statements we make are set forth under the
captions "Cautionary Statements Regarding Forward-Looking Statements"
and "Risk Factors" in our registration statement on Form S-4/S-1 filed
with the Securities and Exchange Commission. The information and the
forward-looking statements in this press release are as of the date of
this press release and we undertake no obligation to update this
information as the result of subsequent events or developments, other
than as required by law.
About AmerisourceBergen
AmerisourceBergen (NYSE:ABC) is one of the world's largest
pharmaceutical services companies serving the United States, Canada
and selected global markets. Servicing both pharmaceutical
manufacturers and healthcare providers in the pharmaceutical supply
channel, the Company provides drug distribution and related services
designed to reduce costs and improve patient outcomes.
AmerisourceBergen's service solutions range from pharmacy automation
and pharmaceutical packaging to pharmacy services for skilled nursing
and assisted living facilities, reimbursement and pharmaceutical
consulting services, and physician education. With more than $64
billion in annual revenue, AmerisourceBergen is headquartered in
Valley Forge, PA, and employs more than 13,000 people.
AmerisourceBergen is ranked #29 on the Fortune 500 list. For more
information, go to www.amerisourcebergen.com.
About Kindred Healthcare
Kindred Healthcare, Inc. (NYSE:KND) is a Fortune 500 healthcare
services company, based in Louisville, Kentucky, with annualized
revenues of $4.5 billion that provides services in approximately 600
locations in 38 states. Kindred through its subsidiaries operates
long-term acute care hospitals, skilled nursing centers, institutional
pharmacies and a contract rehabilitation services business,
Peoplefirst Rehabilitation Services, across the United States.
Kindred's 56,000 employees are committed to providing high quality
patient care and outstanding customer service to become the most
trusted and respected provider of healthcare services in every
community we serve. For more information, go to
www.kindredhealthcare.com.
CONTACT: For AmerisourceBergen:
Michael N. Kilpatric
Vice President, Corporate & Investor Relations
610-727-7118
or
For Kindred Healthcare:
Susan E. Moss
Vice President of Corporate Communications
502-596-7296
or
For PharMerica:
The Abernathy MacGregor Group
Moira Conlon, 213-630-6550
SOURCE: AmerisourceBergen Corporation