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PharmacyGPO Buying Group Selects H. D. Smith as Primary National Distributor
Date:5/7/2012

PITTSBURGH, May 7, 2012 /PRNewswire-iReach/ -- PharmacyGPO, Inc., a pharmacy buying group that services independently owned pharmacies across the United States, today announced a three-year agreement with H. D. Smith as its exclusive wholesaler.  

(Photo: http://photos.prnewswire.com/prnh/20120507/CG01217)

Under the terms of the agreement, H. D. Smith, a leading national wholesaler, will be the exclusive supplier of a full line of products including pharmaceuticals, health and wellness products and durable medical equipment for PharmacyGPO members. The PharmacyGPO member base has experienced 300% growth since it was founded in June 2011. 

"PharmacyGPO serves the independent pharmacy's need for a buying group that provides value beyond negotiating discounts and rebates from its wholesaler.  Instead, PharmacyGPO's 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.  H. D. Smith quickly became the obvious choice due to its leadership in serving this key segment of the healthcare industry.  PharmacyGPO's 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." 

PharmacyGPO has plans to expand its business model to community retail pharmacies across the country and to further its presence into privately owned long-term care facilities.  Its expansion plans also include starting a spe
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SOURCE PharmacyGPO, Inc.
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