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News Breaks
December 13, 2012
16:18 EDTPMCPharMerica acquires Amerita, transaction expected to be accretive in 2013
PharMerica Corporation announced that it has acquired Amerita, Inc. in an all cash transaction. Amerita is a provider of specialty home infusion services with operations in Tennessee, Texas, Oklahoma, Colorado and Utah. This transaction is expected to be moderately accretive to the company in 2013.
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September 11, 2014
05:31 EDTPMCPharMerica initiated with a Neutral at Goldman
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September 10, 2014
08:56 EDTPMCPharMerica announces commercial litigation vs. AmerisourceBergen
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08:53 EDTPMCPharMerica raises FY14 adjusted EBITDA view to $123.2M-$126M
The company's previous adjusted EBITDA view was $121M-$123.5M. PharMerica’s decision to raise its FY14 guidance reflects positive momentum across the business, as well as the completed acquisition of three institutional pharmacies in Texas. Although financial terms of the transaction were not disclosed, PharMerica expects the acquisition to generate approximately $60M of annualized revenue and be immediately accretive to earnings in FY14. With this acquisition, PharMerica will have achieved its goal of completing acquisitions that generate at least $100M of annualized sales, in the aggregate, in FY14. PharMerica will again target acquisitions that generate at least $100M of annualized sales, in the aggregate, in 2015. The company noted that its FY14 guidance did not previously include the effect of FY14 acquisitions. PharMerica’s revised FY14 guidance now reflects the company’s acquisitions in FY14, which, in the aggregate, generate approximately $100M of annualized sales. The company said, "We remain focused on continuing this momentum, pursuing additional external growth opportunities, and delivering on our FY15 objectives. We believe that our strong foundation and focus on operational excellence, together with the significant potential upside from acquisitions, positions PharMerica to succeed and create meaningful long-term value for shareholders.”
08:47 EDTPMCPharMerica ups FY14 adjusted EPS view to $1.58-$1.62 from $1.47-$1.52
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September 3, 2014
10:00 EDTPMCOn The Fly: Analyst Upgrade Summary
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06:08 EDTPMCPharMerica upgraded to Outperform from Market Perform at Cowen
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