AmerisourceBergen's Pharmacy Healthcare Solutions Unit Signs Co-Marketing and Investment Agreement with ClinPharm LLC.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.--(BUSINESS WIRE)--Oct. 1, 2001 New Software Program Allows Pharmacists to Address Patient Safety AmerisourceBergen Corporation (NYSE NYSE See: New York Stock Exchange : ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. ) today announced that its Pharmacy Healthcare Solutions (PHS (Personal Handyphone System) A TDMA-based cellular phone system introduced in Japan in mid-1995. Operating in the 1880-1930 MHz band, PHS uses microcells that cover an area only 100 to 500 meters in diameter, resulting in lower equipment costs but requiring more base ) unit has signed a co-marketing and investment agreement with ClinPharm LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . ClinPharm develops advanced clinical software programs designed to enhance patient safety and optimize drug therapy. ClinPharm's primary product, MedStorm(TM), enables pharmacists to easily search and analyze medication profiles and laboratory results to identify patients at risk for medication related adverse events and initiates an automated physician notification process. The program provides pharmacists and physicians with recommendations for optimal care by integrating national guidelines, published recommendations and hospital-specific protocols into its medical logic modules. "We are excited about the prospect of offering to our customers an efficient and inexpensive system of reducing adverse drug events," commented Allen Zimmerman, President of Pharmacy Healthcare Solutions. "ClinPharm's programs are quite expansive and represent a new generation of proactive software to the market." During the development stages, MedStorm won an "Innovation in Teaching" award from the American Association of Colleges of Pharmacy The American Association of Colleges of Pharmacy is the national association of schools and colleges of pharmacy and their faculty. External links
Under the terms of the agreement, PHS will initially take a minority ownership of the company with rights to purchase the remainder of the company during the term of the agreement. Dr. Hussein stated, "We are pleased that we will be working with PHS and AmerisourceBergen to expand access to MedStorm's innovative technology. This is the best time to unite our efforts to optimize one of America's top healthcare priorities: patient safety." About Pharmacy Healthcare Solutions Pharmacy Healthcare Solutions is one of the premier providers of pharmacy support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. with a diverse range of software products and consulting services designed to assist health systems and pharmacy providers in achieving a cost effective, quality driven pharmaceutical care model. PHS is the largest provider of indigent indigent 1) n. a person so poor and needy that he/she cannot provide the necessities of life (food, clothing, decent shelter) for himself/herself. 2) n. one without sufficient income to afford a lawyer for defense in a criminal case. pharmaceutical recovery services, serving more than 130 facilities encompassing 27,000 hospital beds and over 25 outpatient pharmacy clinics. The company also provides a wide range of clinical, operations and technology consulting services to hospitals seeking to improve their pharmacy operations and optimize the use of pharmaceutical agents. About AmerisourceBergen Corporation AmerisourceBergen is the largest pharmaceutical services company in the United States dedicated solely to the pharmaceutical supply chain. It is the leading distributor of pharmaceutical products and services to the hospital systems/acute care market, alternative care facilities, and independent community pharmacies. The Company is also a leader in the institutional pharmacy marketplace. With approximately $36 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 revenues, AmerisourceBergen is headquartered in Valley Forge, PA, and employs more than 13,000 people serving over 25,000 customers. Forward-Looking Statements This press release may contain certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may vary materially from the expectations contained in the forward-looking statements. The forward-looking statements herein include statements addressing future financial and operating results of AmerisourceBergen and the benefits and other aspects of the merger. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: the risk that the businesses of AmeriSource and Bergen Brunswig will not be integrated successfully; failure to obtain and retain expected synergies; and other economic, business, competitive and/or regulatory factors affecting the business of AmerisourceBergen generally. More detailed information about these factors is set forth in AmeriSource's and Bergen Brunswig's filings with the Securities and Exchange Commission, including each of their Annual Reports on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for fiscal 2000, their most recent quarterly reports on Form 10-Q Form 10-Q See 10-Q. , and their joint proxy statement-prospectus dated August 1, 2001. AmerisourceBergen, AmeriSource and Bergen Brunswig are under no obligation to (and expressly disclaim any such obligation to) update or alter their forward-looking statements whether as a result of new information, future events or otherwise. |
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