Last $25.49 USD
Change Today -0.52 / -2.00%
Volume 97.7K
PMC On Other Exchanges
New York
As of 8:04 PM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

pharmerica corp (PMC) Snapshot

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06/6/14 - $30.48
52 Week Low
09/23/13 - $12.77
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pharmerica corp (PMC) Details

PharMerica Corporation operates as an institutional pharmacy services company in the United States. The company offers services to healthcare facilities; pharmacy management services to hospitals; specialty infusion services to patients outside hospitals; and oncology pharmacy services. It purchases, repackages, and dispenses prescription and non-prescription pharmaceuticals in accordance with physician orders and delivers such medication to healthcare facilities for administration to individual patients and residents. The company also provides hospital pharmacy management services, including hospital pharmacy operations, regulatory and financial management services, and clinical pharmacy programs, as well as offers consultant pharmacist services and medical records services. It operates approximately 96 institutional, 12 specialty infusion, and 5 specialty oncology pharmacies in 45 states, as well as provides pharmacy management services to 83 hospitals. The company serves institutional healthcare providers, such as skilled nursing facilities, nursing centers, assisted living facilities, hospitals, and other long-term alternative care settings. PharMerica Corporation was founded in 2006 and is headquartered in Louisville, Kentucky.

4,700 Employees
Last Reported Date: 02/28/14

pharmerica corp (PMC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $837.7K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $192.2K
President of Amerita, Inc
Total Annual Compensation: $290.0K
Chief Compliance Officer, Senior Vice Preside...
Total Annual Compensation: $320.1K
Senior Vice President of Purchasing & Trade R...
Total Annual Compensation: $294.2K
Compensation as of Fiscal Year 2013.

pharmerica corp (PMC) Key Developments

PharMerica Corporation Announces New Senior Secured Credit Agreement

PharMerica Corporation announced that it has successfully closed on a new credit agreement. PharMerica will use the facilities for general corporate purposes and to pursue acquisition opportunities. Under the new credit agreement, the company borrowed a term loan of $225 million and will have access to a committed revolving credit facility of $310 million. The new credit agreement increases the size of PharMerica's committed revolving line of credit by $110 million, as compared to the revolving line of credit under the company's prior credit agreement, while lowering the company's interest rate by 75 basis points. In addition, the company may request commitments for additional term loans or revolving loans under the new credit agreement as long as they do not exceed $190 million in the aggregate, an increase of $90 million over the amount of incremental commitments and loans permitted under the company's existing credit agreement. Furthermore, the principle amortization schedule associated with the term loan is 5% annually, commencing with the second year of the five-year facility, with the remaining 80% due upon the expiration of the facility in September 2019.

PharMerica Mulls Acquisitions

PharMerica Corporation (NYSE:PMC) is seeking acquisitions. PharMerica Corporation closed on a new credit agreement and intends to use the proceeds for general corporate purposes and to pursue acquisition opportunities.

PharMerica Corporation Revises Earnings Guidance for the Full Year of 2014

PharMerica Corporation revises earnings guidance for the full year of 2014. For the full year, the company expects to revenues of $1.76 billion to $1.80 billion against prior guidance of $1.73 billion to $1.78 billion. Adjusted diluted earnings per share are expected to be in the range of $1.58 to $1.62 against prior guidance of $1.47 to $1.52. Adjusted EBITDA is expected to be in the range of $123.2 million to $126.0 million against prior guidance of $121.0 million to $123.5 million. The revised 2014 guidance reflects the company's acquisitions in 2014, which, in the aggregate, generate approximately $100 million of annualized sales.


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