NeighborCare to open five pharmacies

Maryland Watch

December 12, 1996

NeighborCare Pharmacies announced yesterday the opening of five pharmacies based in Baltimore-area hospitals and contracts to manage pharmacy benefits for three of the hospitals.

NeighborCare takes over from other operators in pharmacies at Mercy Medical Center and Sinai Hospital, assumes operation of two pharmacies at Greater Baltimore Medical Center previously run by a hospital subsidiary, and opens a new pharmacy at Liberty Medical Center.

This brings the total of NeighborCare pharmacies to 27, including 10 at hospitals. All are "professional pharmacies" concentrating on filling prescriptions and supplying medical devices, without offering non-medical retail items.

Stanton G. Ades, executive vice president of NeighborCare, said the company hopes to add more stores soon.

A NeighborCare subsidiary, CareCard, announced it will be managing prescription benefits for employees, dependents and retirees at GBMC, Mercy and Sinai. Those covered can get prescriptions filled at the hospital NeighborCare facilities or at participating independent pharmacies.

Pub Date: 12/12/96

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