Capstone Pharmacy Services announces preferred provider agreement with Retirement Care Associates.BALTIMORE, MD--(HealthWire)--AUGUST 28, 1996--CAPSTONE PHARMACY SERVICES, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on NM: DOSE (COMMON STOCK), DOSEW (WARRANTS)) today announced a multi-year preferred provider agreement with Retirement Care Associates, Inc. (NYSE NYSE See: New York Stock Exchange : RCA See RCA connector and video/TV history. ), a rapidly growing owner/operator of retirement facilities and nursing homes in the southeastern United States. "Securing strategic partnerships with nursing home owner/operators throughout the country is a unique and major focus of our ongoing business plan and we are very pleased to begin working with Retirement Care Associates," said Allen Silber, Chairman Capstone Pharmacies. "We are confident that the alliance will serve us both well and believe our combined strength will maximize the value of each company while enabling us both to provide better care for our patients." Retirement Care manages, owns or operates 98 nursing homes, retirement centers and assisted living as·sist·ed living n. A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication. facilities with a total of more than 10,000 units/beds. RCA is the largest owner/operator of nursing home retirement centers in Georgia and has facilities in eight other states including Alabama, Arizona, Florida, North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , Ohio, South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. , Tennessee, Virginia. "This agreement with Capstone allows us to consolidate our pharmacies and provide the best service, information technology and pricing for our organization," stated Chris Brogdon, President and Chief Executive Officer of Retirement Care Associates. "We look forward to the many benefits this relationship will provide us and our residents." "Capstone's operational plan is aimed at servicing facilities such as RCA from existing pharmacies or by opening new pharmacies where the companies we will service have a significant presence. This approach creates significant efficiencies as we execute our strategy of growing preferred provider networks throughout the country," added Allen Silber. Capstone Pharmacy Services, Inc. is a leading provider of extended care institutional pharmacy services to nursing homes, correctional facilities and HMO's. Capstone services accounts throughout the United States. CONTACT: Capstone Pharmacy Services Inc., Baltimore Dirk Allison President (410) 646-6856 or Ivan Shaffer Senior Vice President Counsel Corporation (416) 866-3187 or LIPPERT/HEILSHORN & ASSOC ASSOC Association ASSOC Associate(d) ., INC. Keith Lippert (212) 838-3777 |
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