Navigation Links
H. D. Smith Signs Three Year Prime Vendor Agreement with PharmacyGPO Buying Group
Date:5/7/2012

SPRINGFIELD, Ill., May 7, 2012 /PRNewswire/ -- H. D. Smith, among the nation's largest pharmaceutical wholesalers, today announced a three-year prime vendor agreement with PharmacyGPO, a buying group that services independent community pharmacies across the United States.

Under the terms of the agreement, H. D. Smith will be the exclusive supplier of a full line of products including pharmaceuticals, health and wellness products and durable medical equipment for PharmacyGPO, whose member base has experienced 300% growth since it was founded in June 2011. The new agreement supports the PharmacyGPO strategy to expand presence in community retail pharmacies and privately owned, long-term care facilities nationwide, as well as to start a specialty pharmacy buying group division in 2013.

"Like PharmacyGPO, H. D. Smith is committed to providing outstanding service and delivering business advantages to the community-based pharmacies and healthcare facilities that are the backbone of our nation's health system – so we feel privileged to partner with PharmacyGPO as its sole provider of pharmaceutical wholesale distribution and customer services," said Dale Smith, chairman and chief executive officer, H. D. Smith. "Our companies have complementary missions and long-term growth tracks, and we look forward to working alongside PharmacyGPO to help its members impact positively patient care while operating profitable businesses."

"PharmacyGPO serves the independent pharmacy's need for a buying group that provides value beyond negotiating discounts and rebates from its wholesaler. Instead, our gross profit optimization model focuses on business growth, new prescription development and effective use of technology to ultimately increase profitability for independent pharmacies," said Todd Eury, founder and president, PharmacyGPO.  "In choosing an exclusive wholesale partner, PharmacyGPO sought a company with an unquestionable commitment to independent community pharmacy – and H. D. Smith quickly became the obvious choice due to its leadership in serving this key segment of the healthcare industry. Our unique gross profit optimization model, combined with H. D. Smith's customer-focused service and competitive pricing, will help our members solidify market share impacted by mail order and PBM competition."

About H. D. Smith

Headquartered in Springfield, Illinois, H. D. Smith is among the largest national full-line, full-service wholesalers providing a complete line of pharmaceuticals, OTCs, HBAs, home healthcare products, durable medical equipment, seasonal merchandise and a wide array of marketing programs to retail pharmacies, regional chains and health systems. The company has distribution facilities in California, Florida, Kentucky, Illinois, New Hampshire, New Jersey and Texas that service major markets throughout the United States. Additional information about H. D. Smith can be found at hdsmith.com.

About PharmacyGPO, Inc.

Headquartered in Greater Pittsburgh, Pennsylvania, PharmacyGPO is a buying group that is 100% focused on privately owned pharmacies throughout the U.S. with an emphasis on growing its members' businesses by helping to develop new prescription business based on strategic partnerships with transparent Pharmacy Benefit Management service providers like Columbus, Ohio-based ApproRx.  While offering members an aggressive drug wholesaler deal, PharmacyGPO also delivers over 20 value-added offerings to its pharmacy members. Follow PharmacyGPO on Twitter @PharmacyGPO or visit http://www.PharmacyGPO.com.

Contact:
Allison Worrell
H. D. Smith
Marketing Communications Manager
217-753-1688
aworrell@hdsmith.com

Mark Marmur
Makovsky + Company, Inc.
Vice President
212-508-9670
mmarmur@makovsky.com

Kelsey Ripper
PharmacyGPO
Marketing Coordinator
412-486-0855
kripper@PharmacyGPO.com


'/>"/>
SOURCE H. D. Smith
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. GlaxoSmithKline Receives New HHS Order for H5N1 Bulk Antigen. First North American Clinical Trials with GSKs Candidate Pre-pandemic Flu Vaccine to Start.
2. GlaxoSmithKline Accelerates Review of Exelixis XL880
3. New Data Show That GlaxoSmithKlines Rotarix(R) Could Be Given With Other Routine Infant Vaccines in the U.S.
4. Coley Pharmaceutical Group Receives $3.0 Million Milestone Payment from GlaxoSmithKline
5. GlaxoSmithKline and Theravance Announce Start of Large Phase 2B ICS and LABA Studies for Asthma in the Horizon Program
6. Paul Capital Healthcare Purchases Additional Royalty Interest in GlaxoSmithKlines Rotarix(R)
7. SpineSmith Partners to Present at 3rd Annual Stem Cell Summit
8. GlaxoSmithKline Reports Further Progress of Oncology Portfolio
9. GlaxoSmithKline Announces New Drug Application and Phase III Results for Rezonic(TM)/Zunrisa(TM) (Casopitant)
10. GlaxoSmithKline Collaborates with National Cancer Institute to Make Large Body of Cancer Cell Genomic Data Available to All Cancer Researchers
11. GlaxoSmithKline Responds to FDA on CERVARIX(R) and Plans to Submit Final Study Data for Approval
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/24/2016)... 24, 2016  Collagen Matrix, Inc., ("Collagen Matrix") ... manufacturing of collagen and mineral based medical devices ... Bill Messer has joined the company ... leverage the growing portfolio of oral surgery, neurosurgery, ... Bill joins the Collagen Matrix executive team as ...
(Date:6/24/2016)... , June 24, 2016   Bay ... Rehabilitation Network,s Dean Center for Tick Borne ... Medicine and Rehabilitation, MIT Hacking Medicine, University of ... Innovation, today announced the five finalists of ... Lyme disease.  More than 100 scientists, clinicians, researchers, ...
(Date:6/24/2016)... , June 24, 2016 ... of the "Structural Electronics 2015-2025: Applications, Technologies, ... In-Mold Electronics, Smart Skin, ... Photovoltaics Structural electronics involves electronic ... load-bearing, protective structures, replacing dumb structures such as ...
Breaking Medicine Technology:
(Date:6/26/2016)... Aliso Viejo, California (PRWEB) , ... June 26, 2016 , ... ... for Final Cut Pro X. , "Film editors can give their videos a whole ... artistically," said Christina Austin - CEO of Pixel Film Studios. , ProSlice Levels ...
(Date:6/26/2016)... Orion, Clarkston, Michigan (PRWEB) , ... June 26, ... ... with respect to fertility once they have been diagnosed with endometriosis. These women ... intercourse but they also require a comprehensive approach that can help for preservation ...
(Date:6/25/2016)... ... , ... The temporary closing of Bruton Memorial Library on June 21 due to a possible ... often overlooked aspect of head lice: the parasite’s ability to live away from a human ... but a necessary one in the event that lice have simply gotten out of control. ...
(Date:6/25/2016)... ... June 25, 2016 , ... As a lifelong Southern ... Laude and his M.D from the David Geffen School of Medicine at UCLA. He ... Los Angeles to complete his fellowship in hematology/oncology at the UCLA-Olive View-Cedars Sinai program ...
(Date:6/25/2016)... ... , ... Conventional wisdom preaches the benefits of moderation, whether it’s a matter ... bar too high can result in disappointment, perhaps even self-loathing. However, those who set ... , Research from PsychTests.com reveals that behind the tendency to set low ...
Breaking Medicine News(10 mins):