FOR IMMEDIATE RELEASE
MHA ANNOUNCES – Specialty Pharmacy Partnership with Community Specialty
Pharmacy Network (CSPN)
July 17, 2007 (Florham Park, NJ): Managed Healthcare Associates, Inc. (MHA), the largest alternate site GPO in the country announced today a formal partnership with the Community Specialty Pharmacy Network (CSPN). CSPN is a national community based specialty pharmacy provider network. CSPN consists of over 100 pharmacies serving the specialty pharmacy patient population.
“We are extremely excited about this new relationship which
allows MHA to implement one of our strategies related to the development of the
specialty pharmacy Class of Trade,” said
Ed Dillon, CSPN CEO added, “After conducting a very arduous analysis of those GPOs who focus on the specialty pharmacy market, we selected MHA. CSPN recognizes this is a new Class of Trade and MHA has consistently demonstrated the ability to be a market leader with vision and the ability to execute. MHA clearly demonstrated their expertise and understanding of the specialty pharmacy space along with the current market challenges we all face”.
Michael J. Sicilian, MHA President, added,” We realize that Specialty Pharmacy is a different Class of Trade and this partnership will help in the long term development of that market. MHA has been the market leader in creating new classes of trade such as LTC, Home Infusion, and Combo. In addition, the MHA Pharmacy Network has established MHA as the leader in the emerging managed care arena. As the specialty pharmacy market continues to mature MHA will emerge as the leader in the development of the Specialty Pharmacy class of trade. This partnership with CSPN will help achieve that goal”.
About Managed Health Care Associates
Managed Health Care Associates, Inc. (MHA) is the largest Alternate Site GPO in the country servicing the Long Term Care, Home Infusion, Combo Pharmacy and Specialty Pharmacy industries. MHA is also the leading Long Term Care Pharmacy Network Manager with focus on serving the Medicare D patient population. MHA success is driven by unparalleled member support, competitive contracts, and the ability to create sophisticated, customized, web tools and reports, designed to increase savings and promote profitability. Members utilize MHA services to assist in the purchasing of a complete line of pharmaceuticals, medical supplies, capital equipment, and nutritional food, as well as, network access to the majority of the largest national and regional prescription drug plans managing the newly created Medicare Part D drug benefit. MHA also offers a variety of services to medical supply, pharmaceutical manufacturers and prescription drug plan organizations, including contract administration, marketing, and continuing education. For more information, visit www.mhainc.com.
About Community Specialty Pharmacy Network
CSPN was founded by a group of independent pharmacy owners for the purpose of offering the best possible distribution channel for specialty medications. CSPN is the largest community specialty network in the country. The network provides a comprehensive framework of accredited members and web-based software to uniformly collect and report data. The nationwide network has qualified pharmacies in local communities providing a high-tech, high-touch approach and the immediate availability of specialty pharmaceuticals. For more information, visit www.cspnrx.com.
For More MHA Information Contact:
Abby Franks
Marketing Coordinator
Managed Health Care Associates, Inc.
800-642-3020 x4472
afranks@mhainc.com
For More CSPN Information
Contact:
Marketing Coordinator
Community Specialty Pharmacy Network
703-846-0005
###