NeighborCare acquires part of Health Care

Maryland Watch

October 01, 1998

Baltimore-based NeighborCare said yesterday that it acquired parts of privately held Health Care Professionals, a Millersville-based provider of long-term care and retail pharmaceutical services, for an undisclosed sum.

The acquisition includes two pharmacies in Anne Arundel County that will be converted to NeighborCare Professional Pharmacies, and a long-term care pharmacy operation, home medical equipment warehouse and ambulatory infusion center that will be merged into NeighborCare's Annapolis Junction sites, the company said.

HCP will retain a pharmacy and a retail alternative medicine shop, said Dr. Matthew Shimoda, an HCP partner.

"NeighborCare was always our first choice, since it basically provides the same services we did," Shimoda said.

With the acquisition, NeighborCare operates 34 professional pharmacies in Maryland and Pennsylvania.

In a statement, Michael G. Bronfein, NeighborCare's president and chief executive, said the acquisition gives the chain the ability to serve a larger area south of Baltimore.

Pub Date: 10/01/98

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