Bergen Brunswig named authorized distribution agent for SunHealth Alliance.ORANGE, Calif.--(HEALTH WIRE)--May 25, 1995--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. ) Thursday announced that it has been named one of three authorized distribution agents for pharmaceuticals and related products to the SunHealth Alliance. The SunHealth Alliance, based in Charlotte, N.C., is a voluntary organization of 300 not-for-profit hospitals and healthcare organizations primarily located in the southeast. Pharmaceutical sales for SunHealth totaled in excess of $500 million annually. Bergen Brunswig currently serves 55 hospitals with an 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. revenue volume of $140 million. "We have appreciated our mutually beneficial Adj. 1. mutually beneficial - mutually dependent interdependent, mutualist dependent - relying on or requiring a person or thing for support, supply, or what is needed; "dependent children"; "dependent on moisture" partnership with SunHealth as their second largest supplier and look forward to a continued relationship as we diligently work together to streamline the distribution process and take costs out of the country's healthcare system," said Robert E. Martini, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Bergen Brunswig Corporation. "SunHealth has enjoyed a long-term relationship with Bergen Brunswig," said Bryant Mangum, R.Ph., Senior Director of Pharmaceutical Services for SunHealth. "As the pharmaceutical wholesaler industry continues to undergo rapid change and consolidation, we believe Bergen is well-positioned from a systems and technology standpoint to supply SunHealth hospitals and healthcare organizations." Bergen Brunswig Corporation, with annualized revenues in excess of $8.0 billion, is the nation's largest supplier of pharmaceuticals to the managed care market and the second largest wholesaler to the retail pharmacy market. Additionally, Bergen is the only pharmaceutical distributor that also supplies medical and surgical products on a national basis. CONTACT: Bergen Brunswig Corp., Orange, Calif. Lisa Riordan, Director, Investor Relations Investor relations The process by which the corporation communicates with its investors. , 714/385-4079 |
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