AIDS Healthcare Foundation Signs Pharmacy Management Services Contract with R & K Pharmacy Services, Inc.; R & K To Provide Services to AHF Patients in Florida

AIDS Healthcare Foundation Signs Pharmacy Management Services Contract with R & K Pharmacy Services, Inc.; R & K To Provide Services to AHF Patients in Florida

Business Wire - November 7, 2001

LOS ANGELES--(BUSINESS WIRE)--Nov. 7, 2001--AIDS Healthcare Foundation (AHF), the nation's largest private provider of HIV medical services, announced today that it signed a contract with R & K Pharmacy Services, Inc., an affiliate of Metropolitan Health Networks, Inc., for R & K to provide pharmacy management services to AHF's patients in Florida.

Through a contract with the State of Florida, AHF provides disease management services to eligible Florida Medicaid recipients with AIDS/HIV. The intent of the services is to utilize AHF's expertise in treating AIDS/HIV to increase patient outcomes while controlling costs, resulting in a savings to Florida's Medicaid program. AHF also operates an outpatient medical clinic in Jacksonville.

By far, the largest cost component of treating AIDS/HIV is drug costs. AHF hopes to work with R & K to better manage the provision of AIDS/HIV drugs, to reduce costs.

The average cost of medications for people with AIDS/HIV is approximately $10,000 per patient per year. AHF's disease management program currently serves approximately 6,700 patients in Florida.

AIDS Healthcare Foundation (AHF) is the largest provider of specialized HIV/AIDS medical care in the United States. AHF serves thousands of patients in California, New York and Florida regardless of their insurance status or ability to pay.

CONTACT: AIDS Healthcare Foundation, Los Angeles Tom Myers, 323/860-5259 (general counsel) Ged Kenslea, 323/860-5225 (communications)

SOURCE: AIDS Healthcare Foundation

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