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MHA ANNOUNCES -- Specialty Pharmacy Partnership With Community Specialty Pharmacy Network (CSPN)

Posted on: Tuesday, 17 July 2007, 12:03 CDT

FLORHAM PARK, N.J., July 17 /PRNewswire/ -- Managed Healthcare Associates, Inc. (MHA), the largest alternate site GPO in the country announced today a formal partnership with the Community Specialty Pharmacy Network (CSPN). CSPN is a national community based specialty pharmacy provider network. CSPN consists of over 100 pharmacies serving the specialty pharmacy patient population.

"We are extremely excited about this new relationship which allows MHA to implement one of our strategies related to the development of the specialty pharmacy Class of Trade," said Richard Bulich, MHA, Sr. Vice President of Specialty Pharmacy. "In addition, this partnership with CSPN will allow MHA to expand our scope of pharmacy network services into the development of this emerging Class of Trade".

Ed Dillon, CSPN CEO added, "After conducting a very arduous analysis of those GPOs who focus on the specialty pharmacy market, we selected MHA. CSPN recognizes this is a new Class of Trade and MHA has consistently demonstrated the ability to be a market leader with vision and the ability to execute. MHA clearly demonstrated their expertise and understanding of the specialty pharmacy space along with the current market challenges we all face".

Michael J. Sicilian, MHA President, added," We realize that Specialty Pharmacy is a different Class of Trade and this partnership will help in the long term development of that market. MHA has been the market leader in creating new classes of trade such as LTC, Home Infusion, and Combo. In addition, the MHA Pharmacy Network has established MHA as the leader in the emerging managed care arena. As the specialty pharmacy market continues to mature MHA will emerge as the leader in the development of the Specialty Pharmacy class of trade. This partnership with CSPN will help achieve that goal".

About Managed Health Care Associates

Managed Health Care Associates, Inc. (MHA) is the largest Alternate Site GPO in the country servicing the Long Term Care, Home Infusion, Combo Pharmacy and Specialty Pharmacy industries. MHA is also the leading Long Term Care Pharmacy Network Manager with focus on serving the Medicare D patient population. MHA success is driven by unparalleled member support, competitive contracts, and the ability to create sophisticated, customized, web tools and reports, designed to increase savings and promote profitability. Members utilize MHA services to assist in the purchasing of a complete line of pharmaceuticals, medical supplies, capital equipment, and nutritional food, as well as, network access to the majority of the largest national and regional prescription drug plans managing the newly created Medicare Part D drug benefit. MHA also offers a variety of services to medical supply, pharmaceutical manufacturers and prescription drug plan organizations, including contract administration, marketing, and continuing education. For more information, visit http://www.mhainc.com/.

About Community Specialty Pharmacy Network

CSPN was founded by a group of independent pharmacy owners for the purpose of offering the best possible distribution channel for specialty medications. CSPN is the largest community specialty network in the country. The network provides a comprehensive framework of accredited members and web-based software to uniformly collect and report data. The nationwide network has qualified pharmacies in local communities providing a high-tech, high-touch approach and the immediate availability of specialty pharmaceuticals. For more information, visit http://www.cpsnrx.com/.

For More MHA Information Contact: Abby Franks Marketing Coordinator Managed Health Care Associates, Inc. 800-642-3020 x4472 afranks@mhainc.com For More CSPN Information Contact: Beverly Cox Marketing Coordinator Community Specialty Pharmacy Network 703-846-0005

Managed Healthcare Associates, Inc. (MHA)

CONTACT: Abby Franks, Marketing Coordinator of Managed Health CareAssociates, Inc., +1-800-642-3020 x4472, afranks@mhainc.com; or Beverly Cox,Marketing Coordinator of Community Specialty Pharmacy Network,+1-703-846-0005

Web site: http://www.mhainc.com/http://www.cpsnrx.com/


Source: PRNewswire

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