Genesis sues HCR over termination of Rx contract.
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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|Publication:||Contemporary Long Term Care|
|Date:||Jul 1, 1999|
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