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Long Term Care Pharmacy Alliance Expands Membership; Members Now Serve Most of the Nation's Nursing Home Residents

WASHINGTON, Dec. 12 /PRNewswire-USNewswire/ -- The Long Term Care Pharmacy Alliance (LTCPA), which has been the nation's leading policy voice for pharmacies which specifically serve nursing home residents since 2001, announced today that it has expanded its membership to include LTC pharmacy companies that serve most of the nation's 1.8 million nursing home residents living in 47 states.

"LTCPA represents highly specialized pharmacies which specifically serve nursing home residents. The unique nature of long term care pharmacy and the special needs of nursing home residents makes it critical that we speak with a clear, strong, and consensus voice. Especially since the launch of the Medicare Part D prescription drug program, a number of critical policy issues have arisen that tremendously impact on our industry, as well as the nursing homes and residents we serve. With membership that now serves most of the nation's nursing home residents, LTCPA will bring a stronger voice than ever before to these critical issues," said Executive Director Darrell McKigney.

At its December 11th board meeting, LTCPA welcomed new members GeriMed, Inc and Managed Health Care Associates, Inc (MHA). LTCPA's Board of Directors now includes: Joel Gemunder, CEO of Omnicare Inc; Greg Weishar, CEO of PharMerica, Corporation; John Schutte; CEO of GeriMed, Inc; and Doug Present, CEO of Managed Health Care Associates, Inc..

Omnicare, Inc. a Fortune 500 company based in Covington, Kentucky, is a leading provider of pharmaceutical care for the elderly. Omnicare serves residents in long-term care facilities and other chronic care settings in 47 states, the District of Columbia and Canada. Omnicare is the largest U.S. provider of professional pharmacy, related consulting and data management services for skilled nursing, assisted living and other institutional healthcare providers as well as for hospice patients in homecare and other settings.

PharMerica Corporation, headquartered in Louisville, Kentucky, is an institutional pharmacy services company servicing healthcare facilities. PharMerica is the second largest institutional pharmacy services company in the United States based upon pro forma revenues for PharMerica's combined businesses for the year ended December 31, 2006. As of September 30, 2007, PharMerica operated more than 120 institutional pharmacies in 40 states. PharMerica's customers are typically institutional healthcare providers, such as nursing centers, assisted living facilities, hospitals and other long-term alternative care settings. PharMerica Corporation generally is the primary source of supply of pharmaceuticals for its customers.

Managed Health Care Associates, Inc. (MHA), headquartered in Florham, New Jersey, is the largest alternate site GPO in the country servicing the Long Term Care, Home Infusion and Specialty Pharmacy industries. MHA is also the leading Long Term Care Pharmacy Network Manager with focus on serving the Medicare D patient population. MHA also offers a variety of services to medical supply, pharmaceutical manufacturers and prescription drug plan organizations, including contract administration, marketing, and continuing education.

GeriMed Inc., headquartered in Louisville, Kentucky, offers unique contracts and services to long term care "closed door" pharmacies throughout the United States. GeriMed is a for-profit corporation organized to provide group purchasing services and programs to long term care pharmacies throughout the United States. GeriMed members consist of long term care facilities with on-site pharmacies and "closed-door" institutional pharmacies servicing only institutionalized and home care patients.

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SOURCE Long Term Care Pharmacy Alliance
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