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Strategies & Market Trends : Speculating in Takeover Targets
ULBI 5.950+2.9%Jan 7 3:59 PM EST

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To: richardred who wrote (961)1/11/2006 1:06:01 AM
From: richardred  Read Replies (1) of 7254
 
Pharma wholesaler buys medical-education firm
Tuesday January 10, 11:36 am ET

AmerisourceBergen Corp. signed a definitive agreement Tuesday to buy Network for Medical Communications & Research LLC for about $90 million.

Based in Atlanta, Network for Medical Communications & Research is a privately held provider of physician-accredited continuing medical education and analytical research for the oncology market.

The acquisition is expected to close during the quarter ending March 31subject to regulatory approvals.

AmerisourceBergen (NYSE:ABC - News) of Valley Forge, Pa., is one of the country's largest wholesale pharmaceutical distributors. CEO R. David Yost said the acquisition supports the company's strategy of focusing on servicing the manufacturers and health-care providers in the pharmaceutical supply channel.

Published January 10, 2006 by the Philadelphia Business Journal

biz.yahoo.com
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