PharMerica

Louisville, United States Founded: 1998 • Age: 28 yrs Acquired By KKR
Pharmacy needs of nursing facilities and dispensing software are served.
Annual revenue $2.1B Latest available
Total funding - 3 rounds
Employees 4088 Tracked headcount
Investors 3 Known backers
Products 3 Services tracked
Competitors 8 Brand Intelligence

About PharMerica

PharMerica is a company based in Louisville (United States) founded in 1998 was acquired by KKR in August 2017. The company has 4,088 employees as of December 31, 2022. PharMerica has completed 17 acquisitions, including Altius Healthcare, AmeritaIV and BGS Pharmacy Partners. PharMerica offers products and services including Long-Term Care Pharmacy, Home Infusion Services, and Specialty Pharmacy. PharMerica operates in a competitive market with competitors including Fullscript, InpharmD, Ateb, Ipharmacare and Welldium, among others.

  • Headquarter Louisville, United States
  • Employees 4088 as on 31 Dec, 2022
  • Stage Public
  • Sectors
    Healthcare
  • Email
    Locked
  • Phone
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  • Website
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  • Social
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  • Legal Name Pharmerica Corporation
Operational Areas
Healthcare → Health Technology & Digital Health Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $2.09 B (USD)
    3
    as on Dec 31, 2016
  • Net Profit
    $21.6 M (USD)
    -38
    as on Dec 31, 2016
  • EBITDA
    $38.4 M (USD)
    -29
    as on Dec 31, 2016
  • Latest Funding Round
    $12 M (USD), Debt – Conventional

    Dec 15, 2017

  • Investors
    KKR

    & 3 more

  • Employee Count
    4088

    as on Dec 31, 2022

  • Investments & Acquisitions
  • Acquired by
    KKR

    & 1 more

    (Aug 02, 2017)

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Products & Services of PharMerica

PharMerica offers a comprehensive portfolio of products and services, including Long-Term Care Pharmacy, Home Infusion Services, and Specialty Pharmacy.

Product name locked
Category locked
Primary

Provides medication management for long-term care facilities

Product name locked
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Delivers complex pharmaceuticals to patients at home

Product name locked
Category locked
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Meets needs of patients with cancer and other conditions

People of PharMerica

Headcount 5000-10000
Employee Profiles 70
Employee Profiles
People
T.J. Griffin
SVP, LTC Operations & Chief Pharmacy Officer
People
Bill Deane
SVP of Operations & Commercialization
People
Jeremy Colvin
SVP, Growth & Market Development
People
Randy Miller
SVP, Pharmacy Product Development

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Funding Insights of PharMerica

Investors in PharMerica

PharMerica has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include KKR, Walgreens Boots Alliance and Athyrium Capital Management.

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Venture Fund
Institutional
Investor Description Founded Year Domain Location
Global private equity investments are managed by the firm.
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Multiple sectors are invested in by this private equity firm.
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Health and wellbeing solutions are provided through global pharmacy networks.
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Investor details for PharMerica

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Investments & Acquisitions by PharMerica

PharMerica has strategically engaged in corporate development activities, having acquired 17 companies. Notable acquisitions include Altius Healthcare, AmeritaIV and BGS Pharmacy Partners.

Investments
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Investment portfolio details for PharMerica

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Acquisitions
Company Name Description Domain Location Founded Year Amount
Pharmaceutical services are provided in Cheektowaga, United States.
Locked Locked 2015 Locked
Complex pharmaceutical products and infusion services are provided outside hospitals.
Locked Locked 2012 Locked
Healthcare management services are provided for pharmacy operations.
Locked Locked 2007 Locked
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Complete acquisition details for PharMerica

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Financial Statements - PharMerica

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Detailed financials for PharMerica

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Pharmerica Comparisons

PharMerica Primary company
Description
Pharmacy needs of nursing facilities and dispensing software...
Location
Louisville, United States
Founded Year
1998
Annual Revenue
$2.09 B (USD)
Net Profit
$21.6 M (USD)
EBITDA
$38.4 M (USD)
Employees
4,088
As of 2022
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Peer comparison for PharMerica

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Competitors of PharMerica

PharMerica operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Fullscript, InpharmD, Ateb, Ipharmacare and Welldium, among others.

Company Name Domain Founded year HQ Location Description
Locked Locked Locked
Supplements dispensing platform is provided for health practitioners.
Locked Locked Locked
Evidence-based drug information is provided to healthcare providers online.
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Pharmacy-based patient care solutions and medication synchronization are provided.
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A clinical rational drug management system is provided for pharmacists.
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Medical supplements are recommended through software for pharmacists and doctors.
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Detailed competitors of PharMerica

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Latest news on Pharmerica

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Complete news archive for PharMerica

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Frequently Asked Questions about PharMerica

PharMerica was founded in 1998.

PharMerica is headquartered in Louisville, United States. It is registered at Louisville, Kentucky, United States.

As of Dec 31, 2022, the latest employee count at PharMerica is 4,088.

Annual revenue of PharMerica is $2.09B as on Dec 31, 2016.

Founded in 1998 and based in Louisville, United States, PharMerica operates in the pharmacy sector with over 100 locations. Daily medication requirements for nursing facilities are fulfilled through these sites. Decision support software is offered, including containment tools for medication management and cost savings. Dispensing limits on high-cost medications are enforced, automatic split-billing is handled during payer changes, and price forecasting tools are provided to identify lower-cost alternatives before orders.

PharMerica's top competitors include Fullscript, InpharmD and Ipharmacare.

PharMerica offers Long-Term Care Pharmacy, Home Infusion Services, and Specialty Pharmacy.

PharMerica has made 17 acquisitions, including Altius Healthcare, AmeritaIV, and BGS Pharmacy Partners.

PharMerica has 3 investors. Key investors include KKR, Walgreens Boots Alliance, and Athyrium Capital Management.

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