Long-term care pharmacy expands operations
Chem Rx recently acquired Salerno's Pharmacy. This move represents the beginning of Chem Rx's national expansion and growth plan to increase its service area in the long-term care market, according to a company announcement.Chem Rx, based in Long Beach, NY, raises its beds-served count to more than 60,000 with the acquisition of Sciota, PA-based Salerno. Ben Salerno, that company's founder, Pharmacy, will retain a portion of ownership.
Chem Rx plans to make more acquisitions to include about 85,000 beds by the end of 2007, said COO Steve Silva.