VALLEY FORGE, Pa.--(BUSINESS WIRE)--Jan. 6, 2003--
AmerisourceBergen Corporation (NYSE:ABC), the largest pharmaceutical
services company in the U.S. dedicated solely to the pharmaceutical
supply chain, today announced the completion of its purchase of Bridge
Medical, Inc., the leading provider of barcode-enabled point-of-care
software designed to reduce medication errors and decrease costs in
healthcare facilities. The acquisition includes a base purchase price
of $27 million and contingent payments of up to $55 million based on
Bridge Medical achieving significant earnings targets in calendar
years 2003 and 2004. AmerisourceBergen expects to pay the base
purchase price and any contingent amounts primarily in shares of its
common stock. AmerisourceBergen expects the acquisition to be neutral
to earnings in fiscal 2003 and accretive in fiscal 2004 after the
effect of any contingent payments.
About AmerisourceBergen
AmerisourceBergen (NYSE:ABC) is the largest pharmaceutical
services company in the United States dedicated solely to the
pharmaceutical supply chain. It is a leading distributor of
pharmaceutical products and services to the hospital systems/acute
care market, alternate care and mail order facilities, physicians,
independent community pharmacies, and regional chain pharmacies. The
Company is also a leader in the institutional pharmacy marketplace.
With more than $40 billion in annualized operating revenue,
AmerisourceBergen is headquartered in Valley Forge, PA, and employs
more than 13,000 people serving over 25,000 customers. For more
information, go to www.amerisourcebergen.com.
About Bridge Medical
Founded in 1996, Bridge Medical, Inc., is headquartered in Solana
Beach, California. The company provides robust, affordable,
easy-to-use technology-based patient safety solutions, including its
market-leading MedPoint(TM) and InfoPoint(TM) software. A pioneer in
the use of bar code technology in healthcare, Bridge has been honored
for its patient safety solutions and educational initiatives. For more
information, visit www.bridgemedical.com.
Forward-Looking Statements
This news release may contain certain "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These statements
are based on management's current expectations and are subject to
uncertainty and changes in circumstances. Actual results may vary
materially from the expectations contained in the forward-looking
statements. Forward-looking statements may include statements
addressing future financial and operating results of AmerisourceBergen
and the benefits and other aspects of the 2001 merger between
AmeriSource Health Corporation and Bergen Brunswig Corporation.
The following factors, among others, could cause actual results to
differ materially from those described in any forward-looking
statements: the risk that the businesses of AmeriSource and Bergen
Brunswig will not be integrated successfully; failure to obtain and
retain expected synergies; and other economic, business, competitive
and/or regulatory factors affecting the business of AmerisourceBergen
generally.
More detailed information about these factors is set forth in
AmerisourceBergen's filings with the Securities and Exchange
Commission, including its Annual Report on Form 10-K for fiscal 2002.
AmerisourceBergen is under no obligation to (and expressly
disclaims any such obligation to) update or alter any forward-looking
statements whether as a result of new information, future events or
otherwise.
(C) Copyright 2003 AmerisourceBergen Corporation.
--30--CRB/ph*
CONTACT: |
AmerisourceBergen Corporation, Valley Forge |
---|
|
Michael N. Kilpatric, 610/727-7118 |
---|
|
mkilpatric@amerisource.com |
---|
|
---|
|
---|