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AmeriSource Signs $140 Million Contract With Universal Health, LLC; AmeriSource to Provide Pharmaceuticals to Community Pharmacy Group.


Business Editors/Health & Medical Writers

VALLEY FORGE Valley Forge, on the Schuylkill River, SE Pa., NW of Philadelphia. There, during the American Revolution, the main camp of the Continental Army was established (Dec., 1777–June, 1778) under the command of Gen. George Washington. , Pa.--(BW HealthWire)--April 25, 2001

AmeriSource Health Corporation (NYSE NYSE

See: New York Stock Exchange
: AAS), a leading pharmaceutical distributor, today announced that it has signed a three-year agreement worth approximately $140 million annually with Universal Health, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, a community pharmacy group. Most of the business is incremental sales for AmeriSource.

Universal Health, LLC is a group of independent pharmacies in the Northern New Jersey and New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
 Metropolitan Area which has recently re-established the "Drug Guild" brand. Under the Drug Guild name, the company provides promotional, advertising and other services for its member community pharmacies.

"AmeriSource's reputation for customer service and its commitment to community pharmacies made the difference for us," said Robert Cappa, R.Ph., President of Universal Health. "We are looking for Looking for

In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with.
 AmeriSource to grow with us as we expand in the Northern New Jersey and New York City Metropolitan Area."

"We are excited that Universal Health chose AmeriSource, and we look forward to providing them with the local attention and service we are known for," said David Yost David Harold Yost (born January 7, 1969) is an American actor known for his role on the television series Mighty Morphin Power Rangers. Biography
Early life
, AmeriSource's Chairman and Chief Executive Officer. "We are committed to the success of community pharmacists and their critical role in the delivery of healthcare." About AmeriSource

AmeriSource Health Corporation, with more than $13 billion in annualized annualized

Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared.
 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 a leading distributor of pharmaceutical and related healthcare products and services, and the industry's largest provider of pharmaceuticals to the acute care/health systems market. Headquartered in Valley Forge, PA, the Company serves its base of about 15,000 customer accounts through a national network of more than 20 strategically located distribution facilities. For news and additional information about the company, visit its web site at www.amerisource.com.

Certain information contained in this press release includes forward-looking statements (as defined in Section 27A of the Securities Act and Section 21E of the Exchange Act) that reflect the Company's current views with respect to future events and financial performance. Certain factors such as competitive pressures, success of restructuring and system initiatives, market interest rates, regulatory changes, continued industry consolidation, changes in customer mix, changes in pharmaceutical manufacturers' pricing and distribution policies, the loss of one or more key customer or supplier relationships and other matters contained in the Company's 10-K for fiscal year 2000 and other public documents could cause actual results to differ materially from those in the forward-looking statements. The Company assumes no obligation to update the matters discussed in this press release.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Apr 25, 2001
Words:409
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