MELVILLE, N.Y., Dec. 12 /PRNewswire-FirstCall/ -- Allion Healthcare, Inc. , a national provider of specialty pharmacy and disease management services focused on HIV/AIDS patients, announced today that, on December 9, 2005, it acquired certain assets, including customer lists and inventory, from Priority Pharmacy, Inc., for a total consideration of approximately $7.6 million in cash. Priority reported unaudited revenue of $19.8 million for the twelve months ended December 31, 2004.
Priority Pharmacy provides pharmacy services primarily to HIV patients, in San Diego, California. As a result of this customer list acquisition, Allion expects to provide specialty pharmacy and disease management services to Priority’s customers out of its Torrance, California facility.
About Priority Pharmacy, Inc.
Located in San Diego, California, Priority Pharmacy, Inc. provides specialty pharmacy services and primarily serves HIV patients. Since 1988, the Company has provided prescription medications, vitamins, minerals and other non-prescription health products, personalized services, and educational information.
About Allion Healthcare, Inc.
Allion Healthcare, Inc. is a national provider of specialty pharmacy and disease management services focused on HIV/AIDS patients. Allion Healthcare sells HIV/AIDS medications, ancillary drugs and nutritional supplies under the trade name MOMS Pharmacy. Allion offers nationwide pharmacy care from its pharmacies in California, New York, Washington, and Florida. Allion Healthcare works closely with physicians, nurses, clinics, AIDS Service Organizations, and with government and private payors, to improve clinical outcomes and reduce treatment costs for patients.
Safe Harbor Statement
Certain statements included in this press release, which are not historical facts, are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent our expectations or beliefs and involve certain risks and uncertainties, including those described in our public filings with the United States Securities and Exchange Commission; also including, but not limited to, competitive pressures, changes in customer mix, changes in third party reimbursement rates, changes in government regulations or the interpretation of these regulations, growth opportunities, cost savings, revenue enhancements, synergies and other benefits anticipated from acquisition transactions, difficulties relative to integrating acquired businesses, the accounting and tax treatment of acquisitions, and asserted and unasserted claims, which could cause actual results to differ from those in the forward-looking statements. The forward-looking statements by their nature involve substantial risks and uncertainties, certain of which are beyond our control, and actual results may differ materially depending on a variety of important factors. You are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date herein.
Contact: Allion Healthcare, Inc. Jim Spencer, Chief Financial Officer (631) 870-5126 Francesca DeMartino, Investor Relations (646) 536-7024 fdemartino@theruthgroup.com The Ruth Group
Allion Healthcare, Inc.
CONTACT: Jim Spencer, Chief Financial Officer of Allion Healthcare, Inc.,+1-631-870-5126; or Francesca DeMartino, Investor Relations,+1-646-536-7024, fdemartino@theruthgroup.com, of The Ruth Group for AllionHealthcare, Inc.
Web site: http://www.allionhealthcare.com/
