Bindley Western Announces a Three-Year Supply Agreement With Schnuck Markets.Business Editors, Health/Medical Writers INDIANAPOLIS--(BW HealthWire)--Sept. 25, 2000 Bindley Western Industries, Inc. (NYSE NYSE See: New York Stock Exchange :BDY BDY Body BDY Boundary ) announced today that its wholesale drug division, Bindley Western Drug Company, and Schnuck Markets, Inc. (Schnucks) have signed a three-year pharmaceutical supply agreement. Bindley Western will supply Schnucks, a family-owned company headquartered in St. Louis, with pharmaceuticals, including generic and other health-related merchandise, directly to their 94 stores located in Missouri, Illinois and Indiana and also to their central warehouse. "Schnucks represents a significant share of the central, Midwest marketplace and provides a solid base for our continued growth in that area. The stores will be serviced out of our new state-of-the-art Kansas City Kansas City, two adjacent cities of the same name, one (1990 pop. 149,767), seat of Wyandotte co., NE Kansas (inc. 1859), the other (1990 pop. 435,146), Clay, Jackson, and Platte counties, NW Mo. (inc. 1850). distribution center. We are especially excited to partner with a chain interested in moving forward with the technological initiatives we make available to our customers," stated Ed Petrella, Senior Vice President, Retail Sales. Indianapolis-based Bindley Western, with 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. revenues of $10 billion, is a Fortune 500 company that provides a 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. array of cost effective pharmaceutical and supply channel management products and services from 17 distribution facilities located in 14 states and from 32 specialty pharmacies located in 15 states. Customers include chain drug stores, independent drug stores, supermarkets and mass retailers with their own pharmacies, hospitals, clinics, HMOs, and managed care organizations, all of which are dedicated to lowering the cost of healthcare and improving the quality of patient care. Information on Bindley Western is available on-line at www.bindley.com. Information on Central Pharmacy pharmacy, art of compounding and dispensing drugs and medication. The term is also applied to an establishment used for such purposes. Until modern times medication was prepared and dispensed by the physician himself. In the 18th cent. Services is available on-line at www.centralpharmacy.com. Certain information in this press release contains 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. as defined in Section 27A of the Securities Act and 21E of the Exchange Act. Certain factors could cause actual results to differ materially from those in the forward-looking statements. The most significant of such uncertainties are described in the company's Forms 10-K, 10-Q and 8-K and in exhibits to those reports. |
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