Article: D&K Healthcare Resources, Inc. Announces Acquisition of Associated Pharmacies, Inc.

ST. LOUIS, Oct. 15 /PRNewswire/ -- D&K Healthcare Resources, Inc. (Nasdaq: DKWD) today announced that it has completed the acquisition of Associated Pharmacies, Inc. (API), a wholesale pharmaceutical distributor which was owned by approximately 38 shareholders, including approximately 20 independent retail pharmacies. In connection with the transaction, D&K entered into multi-year supply agreements with many of the former shareholders of API.

J. Hord Armstrong, III, Chairman and Chief Executive Officer of D&K, stated "We believe that the acquisition of API will greatly enhance D&K's existing presence in the Arkansas market. We are extremely pleased that as ...

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