Important note: Information in this article was accurate in 1996. The state of the art may have changed since the publication date.
PR Newswire, 18 December 1996.
According to Stadtlanders Pharmacy President Tom Halstead, "We believe in taking a very client and community focused approach to patient care. Having a physical presence in key markets is an important way for Stadtlanders to become even more closely involved in the communities we serve." The acquisitions in Los Angeles and San Francisco follow the opening of the initial Stadtlanders retail location in New York City in 1994. With respect to future plans, Halstead stated, "We will continue to consider pharmacy locations in additional key markets to satisfy customer needs."
Castro Village Pharmacy offers a full service pharmacy; comprehensive patient education, counseling and advocacy programs; and assistance with billing and insurance reimbursement. This one-on-one personal approach, coupled with Castro Village's expertise in providing pharmaceutical care to people living with HIV and AIDS, fit well with Stadtlanders focus on disease specific pharmaceutical care. For each disease state which Stadtlanders services, their customized pharmacy services include clinical expertise, responsive customer service and counseling, and specialized wellness materials. Their goal is to help optimize patient medication adherence, and partner successfully with patients and their health care providers to achieve better overall medical outcomes for specific health conditions.
Kevin Roberg, President and CEO of ValueRx, stated, "The sale of Castro Village Pharmacy will allow ValueRx to focus on its strategic direction to become the country's leading medication management company. We are also excited about the possibility of partnering with Stadtlanders on future strategic opportunities in the area of medication management."
Stadtlanders Pharmacy is a national leader in disease specific pharmaceutical care for specialized patient populations including HIV, transplant, and oncology. Their expertise in specific disease states has led to specialty product distribution contracts with leading pharmaceutical manufacturers including Serono Laboratories, Inc., and Merck & Co., Inc. (NYSE: MRK)
Counsel Corporation, Inc., (Nasdaq: CXSNF; Toronto: CXS) acquired 65% interest in Stadtlanders Pharmacy in July 1996. Counsel Corporation has been active in the U.S. health care sector since 1983. It is engaged primarily in three health care segments: home health care, institutional pharmacy and specialty pharmacy services.
ValueRx, a subsidiary of Value Health, Inc. (NYSE: VH) is scheduled to become a separate public company in 1997 through a spin-off to Value Health shareholders. ValueRx is a leading provider of medication and pharmacy benefit management services, and the largest prescription benefit management (PBM) not affiliated with a pharmaceutical manufacturer or provider entity.
CONTACT: Karen Jacobi, 412-825-8118; or Lisa Fischetti, 412-825-8113, or fax, 412-825-0589, both of Stadtlanders Pharmacy; or Kirsten Stewart of ValueRx, 612-509-2835, or fax, 612-509-2841/ 14:32 EST
961218
PR961227
Copyright © 1996 - PRNewswire. All rights reserved. Reproduced with permission. Reproduction of this article (other than one copy for personal reference) must be cleared through PRNewswire, Permissions, 810 Seventh Ave., 32nd Floor, New York, NY 10019 http://www.prnewswire.com.
AEGiS is a 501(c)3, not-for-profit, tax-exempt, educational corporation. AEGiS is made possible through unrestricted funding from Broadway Cares/Equity Fights AIDS, Elton John AIDS Foundation, National Library of Medicine, and donations from users like you.
Always watch for outdated information. This article first appeared in 1996. This material is designed to support, not replace, the relationship that exists between you and your doctor.
AEGiS presents published material, reprinted with permission and neither endorses nor opposes any material. All information contained on this website, including information relating to health conditions, products, and treatments, is for informational purposes only. It is often presented in summary or aggregate form. It is not meant to be a substitute for the advice provided by your own physician or other medical professionals. Always discuss treatment options with a doctor who specializes in treating HIV.
Copyright ©1980, 1996. AEGiS. All materials appearing on AEGiS are protected by copyright as a collective work or compilation under U.S. copyright and other laws and are the property of AEGiS, or the party credited as the provider of the content. .