DALLAS, Aug. 24, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces a stock report featuring PharMerica Corp. (NYSE:PMC). The report briefly notes the company's most recent developments and news, and outlines its financial position, market performance, and comparison against industry peers.
The full report is available at: www.microstockprofit.com/lp/PMC
PharMerica Corp. is an institutional pharmacy services company servicing healthcare facilities in the United States. As of June 30, 2011, it operated 94 institutional pharmacies in 44 states. Its customers are institutional healthcare providers, such as nursing centers, assisted living facilities, hospitals and other long-term care providers. PMC also provides pharmacy management services to long-term care hospitals.
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In the report, the analyst notes:
"PMC jumped to a new 52-week high of $14.80 yesterday as the pharmaceutical services company confirmed it previously received and rejected an unsolicited conditional proposal from Omnicare Inc. to acquire the company for $15 per share in cash."
"PMC's board noted that the Omnicare proposal is subject to significant regulatory uncertainty, and, despite Omnicare's non-specific assurances to the contrary, antitrust clearance to combine the #1 and #2 players in institutional pharmacy is likely to be difficult to achieve and involve lengthy administrative and court proceedings."
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