Retail News Breaks Archives
Medicine Chest Pharmacy joins long-term care purchasing group
March 27th, 2014
NEW YORK – Medicine Chest Pharmacy has joined Innovatix, one of the nation's largest non-acute care group purchasing organizations (GPO).
Innovatix said Wednesday that Medicine Chest Pharmacy, based in Sulphur Springs, Texas, comes to the purchasing organization as a long-term care (LTC) pharmacy member.
"We are excited about partnering with Innovatix to provide extraordinary operational support and economic value for the patients and clients we serve," Chad Michel, chief executive officer of Medicine Chest Pharmacy, said in a statement.
Medicine Chest operates three closed-door, long-term care pharmacies in Sulphur Springs, Bryan/College Station and Houston, Texas, that serve nursing homes. The company also operates retail pharmacies in Tyler, Bryan, Orange, Lufkin and Clarksville, Texas.
"Medicine Chest's goals of providing exceptional customer care and reducing pharmacy costs for their customers are closely aligned with ours," stated John Sganga, president and CEO of New York-based Innovatix. He noted that the pharmacy operator, as a member of Innovatix, now has access to a broad pharmaceutical and medical supply purchasing portfolios as well as a suite of value-added services to mitigate costs and spur business growth.
"We look forward to working with Medicine Chest to support their long-term care services for the people of Texas," Sganga added.
The largest non-acute care affiliate GPO of Premier Inc., Innovatix serves over 22,000 non-acute care facilities nationwide, including long-term care, specialty, retail and infusion pharmacies, as well as nursing homes and assisted living facilities.