Bergen Brunswig's Specialty Distribution Company (ASD) To Acquire Besse Medical Services, Inc. -- Deal Would Expand ASD's Position In The Vaccine Market.ORANGE, Calif.--(BW HealthWire)--Nov. 18, 1997--ASD (Alternate Site Distributors), the specialty distribution subsidiary of Bergen Brunswig Corporation (NYSE NYSE See: New York Stock Exchange :BBC BBC in full British Broadcasting Corp. Publicly financed broadcasting system in Britain. A private company at its founding in 1922, it was replaced by a public corporation under royal charter in 1927. ), announced today that it has signed an agreement to acquire substantially all of the net assets Net assets The difference between total assets on the one hand and current liabilities and noncapitalized long-term liabilities on the other hand. net assets See owners' equity. of Cincinnati-based Besse Medical Services, Inc. for an undisclosed amount. Founded in 1948, Besse, a privately-held corporation, is one of the leading suppliers of vaccines to primary care facilities. Additionally, Besse specializes in the distribution of injectables, diagnostics and medical supplies. Besse's fiscal 1997 revenues totaled approximately $50 million,the seasoned Besse management group to our team. Additionally, Besse's 13,000 customers provide a significant cross-selling opportunity for Bergen Brunswig Medical Corporation and for the commercialization efforts Bergen is undertaking; namely, the launching of new products for sale to physicians." "We are very excited about the opportunity to join with ASD ASD abbr. atrial septal defect ASD Atrial septal defect, see there ," commented Ed Besse, chief executive officer of Besse Medical Services, Inc. "We have built a corporate culture at Besse focused on providing superior customer service and associate satisfaction. The culture at ASD and its parent, Bergen Brunswig Corporation, fit perfectly with our objectives for growing the business." "ASD is in an enviable position in the industry because we have not only experienced organic revenue growth of over 100% this past year, but we have the resources from our parent corporation to support synergistic synergistic /syn·er·gis·tic/ (sin?er-jis´tik) 1. acting together. 2. enhancing the effect of another force or agent. syn·er·gis·tic adj. 1. acquisitions like Besse," explained Steven Collis, executive vice president of sales and operations for ASD. "Although a relatively young company, ASD is already well established in the oncology, plasma and dialysis market segments. Besse gives us the avenus. Bergen Brunswig Corporation, a Fortune 5nagement programs to all healthcare venues thautes specialty pharmaceutical products to the or oral statements made by or on behalf of the Ce impacted by various factors, including technol. To receive a directory of available releaseg or to obtain information on ASD's service offerings, call the Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most department at 800/840-5131. CONTACT: Bergen Brunswig Corporation, Orange Lisa Riordan, Director, Investor R with Hyperlinks to your home pag URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com |
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