Priority Healthcare to Buy SpectraCare Home Infusion Business

LAKE MARY, Fla.–Priority Healthcare has announced it will buy
Louisville, Ky.-based SpectraCare’s $32-million infusion business
and its medical management component, Care Continuum, which
provides network management on an administrative fee-for-services
basis for managed care organizations. The acquisition will not
include SpectraCare’s home health operations.

According to Priority President and CEO Steve Cosler, the
SpectraCare operation will be integrated into Priority’s existing
Integrity Healthcare Services specialty infusion business, which
has 29 branches in 18 states. “This acquisition leverages current
opportunities while also continuing to position us well for the
significant number of new drugs in the biotech pipeline requiring
infusion support,” Cosler said.

Since 1988, SpectraCare has grown from a single location in
Louisville to six pharmacies in four states. The companies have
been operating in the same markets for 10 years, added Francis
“Chip” McNamara, Priority’s senior vice president and general
manager of Integrity Healthcare, and the acquisition “will allow us
to increase our capacity with improved operating efficiency.”

Integrity Healthcare provides programs across a number of
disease states and conditions including cancer, growth and
nutrition deficiency, infections, neurological disorders and
respiratory and cardiac conditions. Priority Healthcare, a national
specialty pharmacy and distributor that generated more than $1
billion in 2004 revenues, provides biopharmaceuticals, complex
therapies and related disease treatment programs for a variety of
health care settings.