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FOR IMMEDIATE RELEASE
MHA Announces Specialty Pharmacy Initiative October 26, 2005 (FLORHAM PARK, NJ): Managed Health Care Associates, Inc., the largest Alternate Site GPO in the country, announced today that it has embarked on a new Specialty Pharmacy Initiative geared towards expanding pharmaceutical contracting for its Home Infusion and Specialty Pharmacy division. The goal of this initiative is the ongoing education and contracting with major biotech manufacturers in the specialty infusion and self injectable market place. The initiative will be lead by Michael J. Sicilian, MHA’s EVP for Alternate Site. Prior to joining MHA in January of this year, Mr. Sicilian spent the last four years working closely with biotech manufacturers in his role as a national provider of specialty infusion and self injectable therapies. Mr. Sicilian stated “We have seen a number of specialty pharmacies acquire regional and local infusion therapy providers. It is clear that based on recent meetings with the biotech pharmaceutical companies there is a role for MHA in assisting biotech manufacturers both understand and access this changing market place. There is significant interest in the data collection efforts we have made to date, and in leveraging MHA’s capabilities in this arena.” Douglas Present, MHA’s Chairman and CEO, commented “As MHA has become a major player in the area of Home Infusion Therapy over the last three years, we have recognized the need to assist our Home Infusion members in the dynamic Specialty Pharmacy market place. As the largest Alternate Site GPO in the country, we are confident that we can play a major role in opening up this class of trade and bringing value to our membership. We look forward to working collaboratively with our current members and biotech pharmaceutical companies to identify the most appropriate way to contract for these high cost therapies.” Managed Health Care Associates, Inc. (MHA) has grown to become the market leading Alternate Site GPO. MHA’s success is driven by unparalleled member support, competitive contracts, and ability to create sophisticated, customized, web tools and reports, designed to increase savings and promote profitability. In addition to MHA’s core LTC pharmacy business; MHA is a leading provider of GPO services to Home Infusion pharmacies and many other specialty classes of trade. Members utilize MHA’s services to assist in the purchasing of everything from pharmaceuticals and medical supplies to capital equipment and food. MHA also offers a variety of services to pharmaceutical manufacturers including contract administration, marketing, and continuing education.
For More Information Contact: Frank X. Kurilla
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