Associated Pharmacies Inc. to Purchase the Assets of The Pharmacy Group of New England

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Associated Pharmacies, Inc. (API), a buying cooperative for over 1,000 independent pharmacies, today announces that it is purchasing the assets of the Pharmacy Group of New England (PGNE) on January 1, 2009.

Associated Pharmacies, Inc. (API), a buying cooperative for over 1,000 independent pharmacies, today announces that it is purchasing the assets of the Pharmacy Group of New England (PGNE) on January 1, 2009.

Current PGNE vendor contracts will be assigned to API in January 2009, and every member will be able to take advantage of API's exclusive Cardinal contract for discounts on purchasing brand name prescription drugs, generic brands, and over-the-counter drugs.

PGNE will serve as a consultant to API, handling API's member communications and marketing, as well as increasing API's legislative and lobbying power.

Jon Copeland, CEO of API commented, "In the coming weeks, we will be communicating directly with the pharmacies of PGNE in a coordinated effort to demonstrate and explain how the pharmacies can best take advantage of this new opportunity, including the explanation of the membership and ownership structure of our organization. We will continue to work with PGNE in a consulting capacity to ensure uninterrupted delivery of the benefits the PGNE members have come to enjoy from this long term pharmacy partner."

PGNE and API have been working together for over twenty years, dating back to their days as founding members of the Federation of Pharmacy Networks (FPN). Their national recognition gives substantial buying power and negotiation abilities to the thousands of independent pharmacies they serve.

About Associated Pharmacies (API)
API (http://www.apirx.com) is a buying 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.

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Clint King
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