PORT WASHINGTON, N.Y.--(BUSINESS WIRE)--March 7, 2005--National Medical Health Card Systems, Inc. (Nasdaq: NMHC), a national independent pharmacy benefit manager (PBM), has continued its consolidation strategy in the PBM industry with the acquisition of Pharmaceutical Care Network (PCN), a Sacramento, California-based PBM, for $13 million in cash plus additional payments based upon future performance. The transaction is expected to meaningfully contribute both strategically and financially to NMHC’s future growth. While the transaction is anticipated to be dilutive to earnings through the quarter ending September 30, 2005, it is expected to be accretive to earnings for the twelve-month period ending March 31, 2006.
