Genesis sues HCR over termination of Rx contract.Genesis Health Ventures Inc. and its subsidiary Vitalink 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 (doing business as NeighborCare) filed suits requesting injunctive relief injunctive relief n. a court-ordered act or prohibition against an act or condition which has been requested, and sometimes granted, in a petition to the court for an injunction. and compensatory damages A sum of money awarded in a civil action by a court to indemnify a person for the particular loss, detriment, or injury suffered as a result of the unlawful conduct of another. against HCR Manor Care Manor Care, Inc., through its operating group HCR Manor Care, is a major provider in the United States of both short-term post-acute and long-term care. As of 2007, it had more than 500 skilled nursing and rehabilitation centers, assisted living facilities, outpatient Inc. The suits, which also name two of HCR HCR High Commissioner for Refugees (UN) HCR Home Condition Report HCR Health Care Reform HCR Highway Contract Route (US Postal Service) HCR High Consistency Rubber HCR Human Cognitive Reliability Manor Care's principals and two of its subsidiaries, arise from HCR Manor Care's threatened termination of two long term pharmacy services contracts effective June 1, 1999. Kennett Square, Pennsylvania-based Genesis and Vitalink are seeking more than $100 million in damages and enforcement of a 10-year non-competition clause. Genesis acquired Vitalink from Toledo, Ohio-based Manor Care in August 1998. In 1991, Vitalink and Manor Care entered into long term master pharmacy agreements that gave Vitalink the right to provide pharmacy services to all of HCR Manor Care's facilities. In 1998, the terms of the agreements, which are worth about $100 million per year, were extended to September 2004. HCR Manor Care said in a statement that it was "surprised and disappointed" to learn that Genesis and Vitalink had initiated legal action regarding the contracts, noting that "the companies have recently been engaged in intense negotiations to address certain provisions of the contracts." |
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