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BUSINESS
August 1, 1996
Capstone Pharmacy Services of Baltimore yesterday completed the $150 million purchase of Symphony Pharmacy Services, the long-term-care pharmacy division of Integrated Health Services of Owings Mills.The deal had been announced five weeks ago. For Integrated, it allows the company to concentrate on its long-term-care business. It is expected to provide cash to make acquisitions in areas such as home health care.For Capstone, it vastly expands the business, which provides pharmacy services to prisons and to nursing homes and other long-term-care facilities.
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SPORTS
By Katherine Dunn, The Baltimore Sun | May 24, 2014
Beth Glaros believes she's been a Terp all her life. The only starting senior on the Maryland women's lacrosse team, Glaros followed her parents, who met at Maryland, to College Park and also has two brothers and several members of her extended family who went there. She grew up with a red wardrobe, but when the high-scoring midfielder from Wilde Lake began considering college lacrosse programs, she looked around before settling on Maryland.  "During the recruiting process, I took all my visits and went to a lot of places because I wasn't sure where I wanted to go," said Glaros, "but Maryland was always in the back of my mind.
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BUSINESS
October 25, 1996
Capstone Pharmacy Services of Baltimore said yesterday that it is buying the institutional pharmacy division of Happy Harry's, a Delaware-based chain of 32 retail pharmacies in the mid-Atlantic region.The acquisition will bring contracts with nursing homes in Pennsylvania and Delaware that have 2,488 beds.Capstone already serves nursing homes with 86,500 beds in 13 states and is the largest provider of prescription services to prisons, with contracts covering about 110,000 inmates nationally.
NEWS
RECORD STAFF REPORT | May 14, 2014
The Science and Mathematics Academy at Aberdeen High School is presenting its seventh annual Gallery Walk of senior capstone projects on Tuesday, May 20. The Gallery Walk presentation features a poster display of unique scientific research projects which were conducted by SMA seniors under the mentorship of professional scientists, engineers, mathematicians and faculty advisers. Research projects cover a variety of topics in the areas of science, technology, engineering, and mathematics.
BUSINESS
August 9, 1996
Capstone Pharmacy Services Inc. yesterday said it had sold 2.1 million shares of common stock to its largest investor to help finance its $150 million acquisition of Integrated Health Services's pharmacy unit.Counsel Corp. paid about $25 million for the stock through a private placement on July 29, said Allan Silber, Counsel's chairman and chief executive.Baltimore-based Capstone, which provides pharmaceutical services to prisons, nursing homes and other long-term-care facilities, completed the purchase of Symphony Pharmacy Services, the long-term-care pharmacy division of Integrated Health Services of Owings Mills, last month.
BUSINESS
By M. William Salganik and M. William Salganik,SUN STAFF | November 8, 1996
Capstone Pharmacy Services of Baltimore reported a loss for the third quarter of $3.3 million, or 17 cents a share, after one-time charges associated with the acquisition of Symphony Pharmacy Services, the pharmacy division of Integrated Health Services of Owings Mills.Without the one-time charge of $2.8 million and financing charges of $4.6 million, net income would have been 6 cents a share. That exceeded a consensus estimate of 3 cents based on a survey of five analysts by Zacks Investment Research.
BUSINESS
By Michael Dresser and Michael Dresser,SUN STAFF | May 23, 1996
Capstone Pharmacy Service Inc., a Baltimore-based supplier of pharmacy services to nursing homes, said yesterday that it will broaden its product line by acquiring the assets of MediDyne Corp., a New Jersey company that supplies medical products to the same industry.Capstone said it has signed an agreement to buy MediDyne from its parent company, Toronto-based Counsel Corp., which is also the largest holder of Capstone shares with about 25 percent of its stock. Capstone did not disclose a purchase price.
BUSINESS
By M. William Salganik and M. William Salganik,SUN STAFF | June 25, 1996
Capstone Pharmacy Services of Baltimore yesterday announced it would buy the institutional pharmacy division of Integrated Health Services of Owings Mills -- a $150 million deal that doubles Capstone's annual revenue and makes it the second largest company in its field nationally."
BUSINESS
By M. William Salganik and M. William Salganik,SUN STAFF | May 16, 1996
More than doubling its revenue, Capstone Pharmacy Services of Baltimore yesterday reported earnings of $286,000 in the first quarter of 1996, compared with a loss of $2.5 million in the first quarter a year earlier.With a new business focus, a new management team, a new fiscal year and even a new name -- it was called Choice Drugs Inc. until October -- Capstone boosted revenues by 101 percent to $22 million."It's a function of having a strategy and following it," said R. Dirk Allison, president and CEO of Capstone, of the turnaround.
BUSINESS
By M. William Salganik and M. William Salganik,SUN STAFF | January 8, 1997
Capstone Pharmacy Services of Baltimore announced yesterday that it will acquire Clinical Care Health Care Services, the largest independent institutional pharmacy in California.With contracts to provide prescription services to 20,000 beds in nursing homes and assisted-living facilities in the Los Angeles and San Diego areas, Clinical Care will give a solid boost to Capstone, which serves 94,000 beds in long-term facilities in 14 states.Terms of the acquisition were not disclosed.The deal is another step in Capstone's strategy of consolidating smaller, regional institutional pharmacies into a national operation with a strong presence in major markets such as New York and Chicago.
NEWS
By Jamie Stiehm and Jamie Stiehm,SUN STAFF | April 17, 2005
Tobin Herringshaw, a self-assured senior at St. John's College in Annapolis, spent much of last winter absorbing Aristotle's views on form, structure, tragedy and transformation in ancient Greek. So when the time came to don a formal gown and discuss his senior essay on Aristotle for an hour with three college tutors and 25 or 30 friends, he felt ready. "So many call him the father of drama - and they all get it wrong," Herringshaw told the panel. He laughed when his examiners said afterward they looked forward to reading his published works.
BUSINESS
By William Patalon III and William Patalon III,SUN STAFF | May 6, 2003
M&T Bank Corp.'s purchase of the naming rights for the Baltimore Ravens stadium is the capstone of a broad marketing campaign designed to bolster M&T's fledgling presence in the region, executives of the Buffalo-based bank said yesterday. "From a business standpoint, [the naming-rights deal] is an extremely cost-effective way of building brand awareness, recognition and reputation," said Atwood "Woody" Collins III, president and chief operating officer of M&T Bank's Mid-Atlantic Division and an executive vice president of the bank.
NEWS
By Gady A. Epstein and Gady A. Epstein,SUN FOREIGN STAFF | October 23, 2002
BEIJING - It reveals something about Jiang Zemin's leadership of China that in the eyes of many, the greatest legacy he could leave would be to give up that leadership, as he is soon expected to do. If that's not a rousing endorsement, rousing is a word not usually associated with Jiang, 76, who is to relinquish his post as Communist Party general secretary next month and the presidency in March. Jiang, who is visiting the United States this week and meeting Friday with President Bush in Texas, succeeded two larger-than-life icons of modern history, Mao Tse-tung and Deng Xiaoping.
BUSINESS
By CHARLES JAFFE | February 10, 2002
EVERY NEW mutual fund, if you believe the firm creating it, combines management's unique vision with a part of the market worth investing in. Where hype makes a fund intriguing, "newness" makes it difficult to evaluate. That's why investors must be particularly cautious before buying a newly created fund. The odds are slim that such a fund becomes a huge long-term winner, able to weather the market's storms to become a portfolio cornerstone. Statistically speaking, at least half of all new funds should do no better than average over the long haul.
BUSINESS
By M. William Salganik and M. William Salganik,SUN STAFF | April 17, 1997
Capstone Pharmacy Services announced yesterday that it will acquire Pharmacy Corp. of America, the institutional pharmacy division of Beverly Enterprises, in a deal valued at $862 million.The deal will bring management and board changes to Capstone, and will result in its headquarters moving from Baltimore to Dallas or the Tampa, Fla., area.But Capstone had already planned to move its headquarters, Dirk Allison, Capstone's president and chief executive officer, said yesterday.He said the headquarters move would mean the loss of 30 to 35 jobs at its Washington Boulevard facility.
BUSINESS
By M. William Salganik and M. William Salganik,SUN STAFF | January 8, 1997
Capstone Pharmacy Services of Baltimore announced yesterday that it will acquire Clinical Care Health Care Services, the largest independent institutional pharmacy in California.With contracts to provide prescription services to 20,000 beds in nursing homes and assisted-living facilities in the Los Angeles and San Diego areas, Clinical Care will give a solid boost to Capstone, which serves 94,000 beds in long-term facilities in 14 states.Terms of the acquisition were not disclosed.The deal is another step in Capstone's strategy of consolidating smaller, regional institutional pharmacies into a national operation with a strong presence in major markets such as New York and Chicago.
BUSINESS
By M. William Salganik and M. William Salganik,SUN STAFF | April 17, 1997
Capstone Pharmacy Services announced yesterday that it will acquire Pharmacy Corp. of America, the institutional pharmacy division of Beverly Enterprises, in a deal valued at $862 million.The deal will bring management and board changes to Capstone, and will result in its headquarters moving from Baltimore to Dallas or the Tampa, Fla., area.But Capstone had already planned to move its headquarters, Dirk Allison, Capstone's president and chief executive officer, said yesterday.He said the headquarters move would mean the loss of 30 to 35 jobs at its Washington Boulevard facility.
BUSINESS
By M. William Salganik and M. William Salganik,SUN STAFF | May 27, 1996
Dirk Allison has a tough commute -- from his home in Dallas, where he spends weekends, to Baltimore, where he is president and chief executive of Capstone Pharmacy Services.And when his commute is done, he has a tough job.Since officially taking over one year ago, he has renamed the company (Capstone was called Choice Drug Systems until October), moved it (its headquarters were in Inwood, N.Y.) and reshaped it -- cutting the revenue base by closing or selling unprofitable parts, then building it up again through acquisitions.
BUSINESS
By M. William Salganik and M. William Salganik,SUN STAFF | November 8, 1996
Capstone Pharmacy Services of Baltimore reported a loss for the third quarter of $3.3 million, or 17 cents a share, after one-time charges associated with the acquisition of Symphony Pharmacy Services, the pharmacy division of Integrated Health Services of Owings Mills.Without the one-time charge of $2.8 million and financing charges of $4.6 million, net income would have been 6 cents a share. That exceeded a consensus estimate of 3 cents based on a survey of five analysts by Zacks Investment Research.
BUSINESS
October 25, 1996
Capstone Pharmacy Services of Baltimore said yesterday that it is buying the institutional pharmacy division of Happy Harry's, a Delaware-based chain of 32 retail pharmacies in the mid-Atlantic region.The acquisition will bring contracts with nursing homes in Pennsylvania and Delaware that have 2,488 beds.Capstone already serves nursing homes with 86,500 beds in 13 states and is the largest provider of prescription services to prisons, with contracts covering about 110,000 inmates nationally.
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