Premier Inc., a US-based healthcare improvement company, has taken over Lincare’s national specialty pharmacy business – a wholly-owned subsidiary of The Linde Group.
The $75m acquisition will also see Premier attain Acro Pharmaceutical Services, LLC and Community Pharmacy Services, LLC. The transaction is expected to close by or before 30th September 2016.
Durral R. Gilbert, President of Premier’s supply chain services segment, highlighted, “This acquisition will expand and diversify both our special pharmacy patient base and disease treatments. The purchase will give us access to limited distribution drugs used for the treatment of oncology, multiple sclerosis and respiratory disease, and it will heighten our preferred specialty status with multiple payers.”
“In addition, the acquisition will enable us to serve the growing needs of Medicaid patients in Arkansas and Mississippi, thanks to Acro’s locations in Philadelphia and Memphis Tenn.”
Lincare’s specialty pharmacy business, which is headquartered in Florida, generated approximately £206m in 2015 revenue, with the specialty pharmacy sector becoming one of the fastest growing segments in healthcare.