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Article: CAPSTONE TO PROVIDE PHARMACY SERVICES TO 16 NEW JERSEY LONG TERM CARE FACILITIES; Will Add Annualized Revenues of $4 Million.
- Article from:
- Business Wire
- Article date:
- February 27, 1996
CopyrightCOPYRIGHT 1996 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BALTIMORE, Md.--(HealthWire)--Feb. 27, 1996--Allan Silber, Chairman of Capstone Pharmacy Services, Inc. ((Nasdaq National Market: DOSE (common stock), DOSEW (warrants)) ("Capstone") today announced that the Company has entered into an agreement to provide institutional pharmacy services to L.T.C. (Long Term Care) Management in New Jersey. L.T.C. Management represents 16 long term care facilities with approximately 3,000 patient beds. Mr. Silber said, "Once it is fully phased in, the arrangement will add over $4 million in revenues on an annualized basis to Capstone and in effect will double our business in New Jersey."
Dirk Allison, President and CEO of Capstone ...