AmerisourceBergen to Acquire TheraCom, LLC for $250M

AmerisourceBergen Corporation ABC today announced that it has signed a definitive agreement to purchase TheraCom, LLC, a subsidiary of CVS Caremark Corporation CVS that provides a wide range of support to pharmaceutical and biotechnology drug manufacturers including consulting and reimbursement services, for $250 million. The purchase price is subject to customary working capital adjustments. The acquisition is expected to be neutral to the Company's fiscal year 2012 earnings, and slightly accretive in fiscal 2013. The transaction is expected to close in the first quarter of fiscal 2012, which ends December 31, 2011. TheraCom is a leading provider of commercialization support services to the biotech and pharmaceutical industry, specifically providing reimbursement and patient access support services, and will join Lash Group as part of AmerisourceBergen Consulting Services (ABCS). “The acquisition of TheraCom will significantly increase the size and scope of our consulting services offering and meaningfully expands our reimbursement, adherence and patient access services for pharmaceutical and biotech manufacturers,” said Steven H. Collis, AmerisourceBergen President and Chief Executive Officer. “The addition of TheraCom's capabilities to our market-leading consulting services will provide our manufacturer customers with enhanced solutions to meet the challenges in the changing healthcare landscape, and will help ensure even greater patient access to medication therapies.”