CVS Health is set to acquire Charlotte-based Premier’s specialty pharmacy branch which includes Acro Pharmaceutical Services and Commcare Pharmacy, according to a Becker’s Hospital Review report.
The $22.5 million acquisition was announced Monday, May 6.
“Although specialty pharmacy continues to be an important component in healthcare, today’s market dynamics are challenging and have resulted in new pressures across the industry,” Premier President Michael Alkire said. “Exiting the business better positions Premier to capitalize on our strengths and enhance our focus on core, growing business lines encompassing our supply chain, enterprise analytics and performance improvement capabilities.
Accoridng to the report, Premier’s specialty pharmacy arm services 66 health care systems that span 367 hospitals.
To read the full report on Becker’s Hospital Review, click here.