Vitalink to buy ApothecaryVitalink Pharmacy Services Inc...


December 22, 1993

Vitalink to buy Apothecary

Vitalink Pharmacy Services Inc. of Naperville, Ill., said yesterday that has it agreed to acquire Apothecary Services Inc. Terms weren't disclosed.

Closely held Apothecary Services has annual revenue of more than $4 million. The Thornton, Colo.-based company serves about 3,200 institutional beds in the Denver metropolitan area with prescription drug services.

After the acquisition, effective Jan. 1, Vitalink will operate 17 regional institutional pharmacies serving about 39,000 beds in 18 markets. Vitalink is 82 percent owned by Manor Care Inc. of Silver Spring, the health care and lodging company.

Fed meets to set monetary policy

Federal Reserve policy-makers met yesterday for about 4 1/2 hours in private session to set monetary policy for the next six weeks, and many analysts expect the Fed to recommend that interest rates move higher. The decision of the Federal Open Market Committee will not be known for some weeks, and observers say they doubt the Fed would act before February.

IBM recruits Thoman from RJR

International Business Machines Corp., in the latest recruitment of outsiders for top posts, yesterday named G. Richard Thoman, a former executive at RJR Nabisco Holdings Corp., to oversee IBM's personal-computer and other businesses.

Mr. Thoman, who recently resigned as head of the Nabisco International unit, will run IBM's Personal Computer Co., Power Personal Systems division, and Pennant, its high-end printer business.

America West talks collapse

America West Airlines officials say yesterday's collapse of talks with a potential buyer will not hamper plans to bring the carrier out of bankruptcy.

Several potential investors are considering putting up the $150 million to $200 million it would take to gain control of the Phoenix-based carrier, which serves Baltimore-Washington International Airport, Chairman W. A. Franke said. He said interest was undeterred by the withdrawal yesterday of AWA Partners, an investment group that included the investment bank Wertheim Schroder & Co. and the Pritzker family of Chicago.

Buyout would shift United pilots

Up to 20 percent of United Airlines' 8,000 unionized pilots would be moved to a newly created lower-cost United carrier under the employee buyout proposal to be considered today by the airline's board, the pilots' and machinists' unions disclosed yesterday. Union leaders gave their first hint of the envisioned size of the airline-within-an-airline that United plans to create to compete with lower-cost, short-haul carriers.


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