Allion Healthcare,
Inc. ("Allion") (Nasdaq: ALLI), a national provider of specialty pharmacy
and disease management services focused on HIV/AIDS patients, announced
today that it has entered into an asset purchase agreement which will
become effective on July 15th for an acquisition or "file buy" of the
customer list of selected HIV patients from St. Jude Pharmacy & Surgical
Supply Corp. ("St. Jude"). St. Jude is located in Brooklyn, NY, and their
HIV customer list represents approximately 1,100 unique patients.
Allion has acquired certain assets related to St. Jude's HIV/AIDS
business, including customer lists, prescription files, books and records,
other customer files and inventory.
"We are pleased to announce our acquisition of this customer list, as
these pharmacists have a long and outstanding reputation for providing
excellent support to HIV patients in Brooklyn," commented Mike Moran,
Allion's Chairman, President and Chief Executive Officer. "This 'file buy'
should allow us to continue expanding our market share in New York, enhance
our Oris opportunity in Brooklyn and allow us to leverage our SGA within
this market."
About Allion Healthcare, Inc.
Allion Healthcare, Inc. is a national provider of specialty pharmacy
and disease management services focused on HIV/AIDS patients. Allion
Healthcare sells HIV/AIDS medications, ancillary drugs and nutritional
supplies under the trade name MOMS Pharmacy. Allion offers nationwide
pharmacy care from its pharmacies in California, New York, Washington, and
Florida. Allion Healthcare works closely with physicians, nurses, clinics,
AIDS Service Organizations, and with government and private payors, to
improve clinical outcomes and reduce treatment costs for patients.
Safe Harbor Statement
Certain statements included in this press release, which are not
historical facts, are forward-looking statements. Such forward-looking
statements are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These forward-looking statements
represent our expectations or beliefs and involve certain risks and
uncertainties, including those described in our public filings with the
United States Securities and Exchange Commission; also including, but not
limited to, competitive pressures, changes in customer mix, changes in
third party reimbursement rates, changes in government regulations or the
interpretation of these regulations, growth opportunities, cost savings,
revenue enhancements, synergies and other benefits anticipated from
acquisition transactions, difficulties relative to integrating acquired
businesses, the accounting and tax treatment of acquisitions, and asserted
and unasserted claims, which could cause actual results to differ from
those in the forward- looking statements. The forward-looking statements by
their nature involve substantial risks and uncertainties, certain of which
are beyond our control, and actual results may differ materially depending
on a variety of important factors. You are cautioned not to place undue
reliance on these forward- looking statements that speak only as of the
date herein.
Allion Healthcare, Inc.
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