Pharmacy takes on new strategy in acquisitions
Contemporary Long-Term Care Weekly, January 31, 2007
CHEMRX, the nation's fourth largest, privately owned long-term care pharmacy, announced on January 17 that it acquired Salerno's Pharmacy. The acquisition brings the company's current bed count to more than 60,000 serviced beds, according to a CHEMRX press release. CHEMRX acquired 2,500 beds that the Pennsylvania-based company previously serviced. The acquisition allows Salerno's founder, Ben Salerno, to maintain a portion of his ownership, which CHEMRX believes will help maintain community relationships that are necessary in the long-term care industry, according to the press release.
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