Bergen Brunswig Drug Company Announces Five-Year Contract With Comprehensive Pharmacy Services; Partnership Expected to Advance Mutual Goals, Improve Customer Service.Business Editors and Health/Medical Writers ORANGE, Calif.--(BUSINESS WIRE)--Jan. 31, 2001 Bergen Brunswig Drug Company (BBDC BBDC Brantley Capital Corporation (Cleveland, OH) BBDC before bottom dead center (referring to a piston in a engine) BBDC Banting and Best Diabetes Centre BBDC Beijing Benz-DaimlerChrysler Automotive Co, Ltd ), a 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. ), today announced a new, five-year prime vendor agreement to provide pharmaceuticals and related services to the acute care, psychiatric and correctional systems pharmacy customers of Memphis-based Comprehensive Pharmacy Services, Inc. (CPS (1) (Characters Per Second) The measurement of the speed of a serial printer or the speed of a data transfer between hardware devices or over a communications channel. CPS is equivalent to bytes per second. ) -- the nation's largest independently owned pharmacy outsource services provider. The agreement, effective February 1, 2001, is expected to generate incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. revenue of more than $400 million over the life of the contract. "We are very proud to announce this new relationship with CPS, a respected partner whose key strategies for growth are closely aligned with our own," said Doug Swanson, president, BBDC Health Systems. "We have a unique opportunity to expand each other's offering and market reach and generate incremental earnings beyond the base distribution value." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. CPS president Louis P. Bradley, the agreement reflects CPS' confidence in Bergen's core competencies and long history of service excellence. "Ultimately, we were compelled by Bergen's strategic orientation and demonstrated capabilities that go well beyond service excellence," Bradley said. "This new relationship creates powerful possibilities for both organizations." Don Clarfeld, executive vice president, BBDC Health Systems, added, "We expect to leverage the synergies within our clinical and pharmacy business solutions areas to provide consulting programs and improved service to CPS's growing customer base. This agreement adds to our portfolio and further differentiates each company's competitive offering to the marketplace." Comprehensive Pharmacy Services, Inc. provides expert pharmacy outsourcing and management services to more than 100 acute care, specialty and correctional facilities nationwide. Information is available on the company's website at www.cpspharm.com. Bergen Brunswig Corporation, headquartered in Orange County, California Orange County is a county in Southern California, United States. Its county seat is Santa Ana. According to the 2000 Census, its population was 2,846,289, making it the second most populous county in the state of California, and the fifth most populous in the United States. , is a leading supplier of pharmaceuticals and specialty healthcare products as well as information management solutions and consulting services. Bergen's customers include the nation's healthcare providers (hospitals, nursing homes and physicians) drug stores, manufacturers and patients. Through its subsidiaries, Bergen provides product distribution; logistics; pharmacy management programs; and Internet fulfillment strategies designed to reduce costs and improve patient outcomes across the entire healthcare spectrum. Bergen Brunswig press releases are available on the company's website at www.bergenbrunswig.com. Except for historical information, all other information set forth in this press release, such as earnings forecasts and earnings rate projections consists of "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These "forward-looking statements" are subject to risks, uncertainties and other factors which could cause actual results to differ materially from those projected or implied. Such statements may be identified by the use of forward-looking language such as "may," "will," "should," "expect," "anticipate," "estimate," "believe," "think," "continue" or the negatives or other variations thereof or other similar terminology. Such risks and uncertainties include the risks described in exhibit 99(a) to the Company's Annual Report 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 the year ended September 30, 1999 and in other reports and exhibits filed with the Securities and Exchange Commission. These risks and uncertainties include, but are not limited to, the costs and difficulties related to the integration of acquired businesses, the loss or disruption of one or more key customer or supplier relationships, changes in the distribution outsourcing pattern for pharmaceutical products and/or services, the ability to obtain general financing or financing rates that would be compatible with the Company's business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets , and the costs and other effects of governmental regulation and legal and administrative proceedings. The Company assumes no obligation to update the information in the release. Bergen Brunswig press releases are available on the company's website at www.bergenbrunswig.com. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion