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8-K - FORM 8-K - AMERISOURCEBERGEN CORP | c22199e8vk.htm |
EX-99.1 - EXHIBIT 99.1 - AMERISOURCEBERGEN CORP | c22199exv99w1.htm |
Exhibit 99.2
News Release AmerisourceBergen Corporation P.O. Box 959 Valley Forge, PA 19482 |
Contact:
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Barbara Brungess | |
610-727-7199 | ||
bbrungess@amerisourcebergen.com |
AmerisourceBergen Acquires IntrinsiQ, LLC
VALLEY FORGE, PA, September 6, 2011 AmerisourceBergen Corporation (NYSE: ABC) today announced
that it has completed the acquisition of IntrinsiQ, LLC, a leading provider of informatics
solutions that help community oncologists make treatment decisions for their patients, for a
purchase price of $35 million in cash. The acquisition is expected to be immaterial to the
Companys fiscal year 2011 earnings.
IntrinsiQ will become part of ION Solutions, which is a unit of AmerisourceBergen Specialty
Group. The combination of IntrinsiQs software applications and ION Solutions existing oncology
technology platform will enhance the Companys proprietary data offerings to both physicians and
manufacturers. IntrinsiQs IntelliDose® software will augment ION Solutions existing
clinical, practice management and reimbursement tools to help ensure oncologists make the correct
clinical dosing decisions. The additional informatics will provide practices with the intelligence
they need to continue to improve patient health outcomes.
The addition of IntrinsiQs best in class informatics to ION Solutions market leading
portfolio of tools and services demonstrates our ongoing commitment to providing superior value to
community oncology, stated James Frary, President of AmerisourceBergen Specialty Group.
Oncologists need strategic partners that can capture actionable intelligence, and the IntelliDose
software and other tools will strengthen our customers ability to meet the challenges in todays
healthcare market.
The oncology specialty market has grown incredibly complex, as doctors have more therapeutic
options and face mounting pressure to run the safest, most efficient practice possible, said Jeff
Forringer, Chief Executive Officer of IntrinsiQ. For more than a decade, weve assisted practices
in achieving high clinical benchmarks. By joining ION Solutions, we can provide customers with
even more insight, expertise and solutions that help improve oncology care.
News Release
About ION Solutions and AmerisourceBergen
A part of AmerisourceBergen Specialty Group, ION Solutions provides technologies, resources and
expertise to community-based oncologists to help improve clinical and operational management.
Information on ION Solutions can be found at www.iononline.com AmerisourceBergen is one of the
worlds largest pharmaceutical services companies serving the United States, Canada and selected
global markets. Servicing both healthcare providers and pharmaceutical manufacturers in the
pharmaceutical supply channel, the Company provides drug distribution and related services designed
to reduce costs and improve patient outcomes. AmerisourceBergens service solutions range from
pharmacy automation and pharmaceutical packaging to reimbursement and pharmaceutical consulting
services. With $80 billion in annualized revenue, AmerisourceBergen is headquartered in Valley
Forge, PA, and employs approximately 10,000 people. AmerisourceBergen is ranked #27 on the Fortune
500 list. For more information, go to www.amerisourcebergen.com.
Forward-Looking Statements
Certain of the statements contained in this press release are forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. These statements are based on managements current expectations and are subject to
uncertainty and change in circumstances. Among the factors that could cause actual results to
differ materially from those projected, anticipated or implied are the following: changes in
pharmaceutical market growth rates; the loss of one or more key customer or supplier relationships;
changes in customer mix; customer delinquencies, defaults or insolvencies; supplier defaults or
insolvencies; changes in pharmaceutical manufacturers pricing and distribution policies or
practices; adverse resolution of any contract or other dispute with customers or suppliers; federal
and state government enforcement initiatives to detect and prevent suspicious orders of controlled
substances and the diversion of controlled substances; qui tam litigation for alleged violations of
fraud and abuse laws and regulations and/or any other laws and regulations governing the marketing,
sale and purchase of pharmaceutical products or any related litigation, including shareholder
derivative lawsuits; changes in federal and state legislation or regulatory action affecting
pharmaceutical product pricing or reimbursement policies, including under Medicaid and Medicare;
changes in regulatory or clinical medical guidelines and/or labeling for the pharmaceutical
products we distribute, including certain anemia products; price inflation in branded
pharmaceuticals and price deflation in generics; greater or less than anticipated benefit from
launches of the generic versions of previously patented pharmaceutical products; significant
breakdown or interruption of our information technology systems; our inability to continue to
implement an enterprise resource planning (ERP) system to handle business and financial processes
and transactions (including processes and transactions relating to our customers and suppliers) of
AmerisourceBergen Drug Corporation operations and our corporate functions as intended without
functional problems, unanticipated delays and/or cost overruns; success of integration,
restructuring or systems initiatives; interest rate and foreign currency exchange rate
fluctuations; economic, business, competitive and/or regulatory developments in Canada, the United
Kingdom and elsewhere outside of the United States, including changes and/or potential changes in
Canadian provincial legislation affecting pharmaceutical product pricing or service fees or
regulatory action by provincial authorities in Canada to lower pharmaceutical product pricing and
service fees; the impact of divestitures or the acquisition of businesses that do not perform as we
expect or that are difficult for us to integrate or control; our inability to successfully complete
any other transaction that we may wish to pursue from time to time; changes in tax laws or
legislative initiatives that could adversely affect our tax positions and/or our tax liabilities or
adverse resolution of challenges to our tax positions; increased costs of maintaining, or
reductions in our ability to maintain, adequate liquidity and financing sources; volatility and
deterioration of the capital and credit markets; and other economic, business, competitive, legal,
tax, regulatory and/or operational factors affecting our business generally. Certain additional
factors that management believes could cause actual outcomes and results to differ materially from
those described in forward-looking statements are set forth (i) in Item 1A (Risk Factors) in the
Companys Annual Report on Form 10-K for the fiscal year ended September 30, 2010 and elsewhere in
that report and (ii) in other reports filed by the Company pursuant to the Securities Exchange Act
of 1934.
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