NeighborCare

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NeighborCare, Inc. provides institutional pharmacy services. It operates through two segments, Institutional Pharmacy, and Corporate and Others. The Institutional Pharmacy segment purchases, repackages, labels, and dispenses prescription and nonprescription medication in accordance with physician orders; and delivers such medications to long-term care facilities for administration to individual residents. This segment also provides pharmacy consulting services that assist clients in complying with federal and state regulations applicable to longterm care facilities. The Corporate and Others segment offers prescription and nonprescription medications, and certain medical supplies, as well as personal service and consultation by licensed registered pharmacists. This segment also provides respiratory and medical equipment, such as oxygen, hospital beds, wheelchairs, and respiratory medications, as well as home infusion that include antibiotics, TPN, chemotherapy, and pain management. Its customers include physicians, hospital discharge planners, case managers, and managed care organizations. The company, through its subsidiary, provides purchasing and shared service programs designed to meet the needs of eldercare centers and other longterm care facilities. As of September 30, 2004, the company provided pharmacy services for approximately 263,000 beds in longterm care facilities; 66 institutional pharmacies; 32 community-based professional retail pharmacies; 19 onsite pharmacies; and 17 home infusion, respiratory, and medical equipment distribution centers in the United States and the District of Columbia. NeighborCare was incorporated in 1985. It was formerly known as Genesis Health Ventures, Inc. and changed its name to NeighborCare, Inc. in 2003. The company is based in Baltimore, Maryland. As of July 28, 2005, NeighborCare Inc. is a subsidiary of Omnicare Inc.

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