Scottsboro, AL (PRWEB) October 16, 2008
API (Associated Pharmacies, Inc. http://www.apirx.com), a buying cooperative of over 1,000 independent pharmacies throughout the United States, today announces the successful completion of the sale of the assets of Employer Health Options, (EHO) to SPCGT, LTD.
EHO is a Delaware corporation wholly owned by API that performed pharmacy benefit management functions for self insured employers and other related entities from our Texas facility.
Jon Copeland, R.Ph., President of EHO stated, "The opportunity, timing and purchasing entity made this the appropriate time to divest the business of EHO. Tom Lanham, one of the SPCGT partners, has been successfully managing the organization for the past 15 plus years. We have best wishes for Tom and the others at SPCGT following this transaction and believe the EHO clients will continue to receive the superior services that they were accustom to receiving under the management of SPCGT and the EHO banner."
About Associated Pharmacies (API)
API (http://www.apirx.com) is a cooperative of over 1,000 independent pharmacies throughout the United States. By joining over 1,000 independent pharmacies together as a buying cooperative, Associated Pharmacies is able to negotiate bulk pricing on behalf of the independent pharmacy owner, allowing independent pharmacies to get the same low bulk pricing that chain pharmacies and mass merchandisers are able to negotiate. This allows independent pharmacies to compete on price while generating a solid profit so they can stay in business.
For more information on Associated Pharmacies, Inc. please call Clint King at 1.800.243.8521 Ext 238 or visit http://www.apirx.com.