AmeriSource Again Voted Top Pharmaceutical Distributor by VHA and UHC Members; AmeriSource Signs New Three-Year Agreement With Novation.Business Editors MALVERN, Pa.--(BUSINESS WIRE)--April 27, 2000 AmeriSource Health Corporation (NYSE NYSE See: New York Stock Exchange :AAS), the largest provider of pharmaceuticals to the acute care/institutional market, today announced that members of hospital alliances VHA VHA Veterans Health Administration VHA Variable Housing Allowance VHA Villages Homeowners Association VHA Voluntary Hospitals Association VHA Virtual Home Agent VHA Very High Altitude VHA Vapor Hazard Area VHA Vermont Holstein-Friesian Association Inc. and the University Health System Consortium have voted AmeriSource the top pharmaceutical distributor in a customer service satisfaction survey. Novation The substitution of a new contract for an old one. The new agreement extinguishes the rights and obligations that were in effect under the old agreement. A novation ordinarily arises when a new individual assumes an obligation to pay that was incurred by the original party , the supply company of VHA and UHC UHC UnitedHealthcare UHC United Health Care UHC University Hospitals of Cleveland UHC United Hitech Corporation UHC Udvar-Hazy Center (National Air and Space Museum) UHC University Health/System Consortium UHC Unburned Hydrocarbons recently signed a new three-year agreement with AmeriSource and four other pharmacy distributors, two national and two regional firms. Novation members purchase nearly $6 billion in pharmaceutical supplies annually through authorized distributors. "We are very excited about continuing our long-standing relationship with Novation and its members," said R. David Yost, AmeriSource president and chief executive officer. "The agreement and the survey results reflect our continuing commitment to Novation as a business partner and our focus on our core pharmaceutical distribution business. This new agreement is an opportunity to significantly expand our market share in major markets across the U.S." The agreement also calls for Novation members to have access to the entire portfolio of AmeriSource value-added programs and services, including two of the most recent additions: Virtual Internet Pharmacy internet pharmacy Online A website that offers prescription drugs from the comfort of home Cons The IP or prescribing physician may not be qualified or licensed to prescribe drugs in all states. See Operation Cure-All, VIPPS. (VIP), an internet portal designed to allow retail pharmacies and outpatient clinics to penetrate the online market, and Drug Sampling.com, an automated system to assist in controlling and documenting the dispensing of drug samples in hospital facilities. AmeriSource, with over $10 billion in operating revenue operating revenue Revenue from any regular source. Revenue from sales is adjusted for discounts and returns when calculating operating revenue. Compare other revenue. , is one of the nation's leading, full-service wholesale distributors of pharmaceutical products and related healthcare services. Headquartered in Malvern, PA, the Company serves its base of 21,000 customer accounts through a national network of 24 strategically located distribution facilities. AmeriSource is the industry's largest provider of pharmaceuticals to the acute care/institutional market. For more information about AmeriSource, visit our website at www.amerisource.com. Novation was established January 1, 1998, through the combination of the supply programs of VHA and UHC, two national health care alliances. Novation serves the purchasing needs of 6,600 health care organizations, members and affiliates of VHA, UHC and HPPI HPPI - High Performance Parallel Interface . The largest supply cost management company in health care, Novation manages more than $14 billion in annual purchases for VHA, UHC and HIPPI (HIgh Performance Parallel Interface) An ANSI-standard high-speed communications channel that uses a 32-bit or 64-bit cable and transmits at 100 or 200 Mbytes/sec. members. For more information go to htpp://www.novationco.com. |
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