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Allion Healthcare, Inc.
Completes Acquisition of Frontier Pharmacy / PMW
MELVILLE, NY, August 4,
2005 – Allion Healthcare, Inc. (NASDAQ: ALLI), announced today that it has
agreed to purchase at the close of business on August 5, 2005, selected
assets and assume certain liabilities from Frontier Pharmacy & Nutrition,
Inc., a California corporation doing business as PMW Pharmacy, Inc. As a
result of the acquisition, the Company expects to provide specialty pharmacy
and disease management services to PMW Pharmacy’s customers. Allion will
acquire PMW for a total consideration of approximately $9.7 million in cash
in an asset acquisition and will service these patients out of Allion’s
Torrance, California facility.
“We are excited about
our acquisition of PMW,” said Michael Moran, President and Chief Executive
Officer of Allion Healthcare. “We remain committed to pursuing strategic
acquisitions and extending our specialty HIV pharmacy and disease management
services. The addition of PMW increases our customer base in Los Angeles
California, allowing us to offer high quality care to additional HIV/AIDS
patients.”
About Frontier Pharmacy
/ PMW
Frontier
Pharmacy / PMW is a specialty pharmacy based in Long Beach, California that
specializes in HIV pharmacy services. PMW is recognized for providing a
high level of service to patients suffering from HIV/AIDS. Frontier
Pharmacy / PMW reported unaudited revenue of approximately $24 million for
the twelve months ended December 31, 2004.
About Allion
Healthcare, Inc.
Allion Healthcare, Inc. is a national provider of specialty pharmacy and
disease management services focused on HIV/AIDS patients. Allion Healthcare
sells HIV/AIDS medications, ancillary drugs and nutritional supplies under
the trade name MOMS Pharmacy. Allion offers nationwide pharmacy care from
its pharmacies in California, New York, Washington, and Florida. Allion
Healthcare works closely with physicians, nurses, clinics, AIDS Service
Organizations, and with government and private payors, to improve clinical
outcomes and reduce treatment costs for patients.
Safe
Harbor Statement
Certain statements included in this press release, which are not historical
facts, are forward-looking statements. Such forward-looking statements are
made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements represent
our expectations or beliefs and involve certain risks and uncertainties,
including those described in our public filings with the United States
Securities and Exchange Commission; also including, but not limited to,
competitive pressures, changes in customer mix, changes in third party
reimbursement rates, changes in government regulations or the interpretation
of these regulations, growth opportunities, cost savings, revenue
enhancements, synergies and other benefits anticipated from acquisition
transactions, difficulties relative to integrating acquired businesses, the
accounting and tax treatment of acquisitions, and asserted and unasserted
claims, which could cause actual results to differ from those in the
forward-looking statements. The forward-looking statements by their nature
involve substantial risks and uncertainties, certain of which are beyond our
control, and actual results may differ materially depending on a variety of
important factors. You are cautioned not to place undue reliance on these
forward-looking statements that speak only as of the date herein.
Contact:
Allion Healthcare, Inc.
Jim Spencer, Chief Financial Officer
(631) 870-5126
The Ruth Group
Francesca DeMartino, Investor Relations Consultant to Allion Healthcare,
Inc.
(646) 536-7024
fdemartino@theruthgroup.com
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