PharMerica Corporation (NYSE:PMC) is a leading institutional pharmacy services company servicing healthcare facilities in the United States. PharMerica Corporation operates institutional pharmacies in 44 states. PharMerica’s customers are institutional healthcare providers, such as nursing centers, assisted living facilities, hospitals and other long-term care providers. PharMerica Corporation also provides pharmacy management services to long-term care hospitals.



PharMerica Corporation yesterday announced that its Board of Directors, after careful consideration with its independent financial and outside legal advisors, voted unanimously to reject the unsolicited tender offer made by Omnicare to acquire PharMerica for $15.00 per share in cash. The Board determined that the offer undervalues PharMerica and is not in the best interests of PharMerica's stockholders.

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