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Article: Kuala Healthcare, Inc. Announces Sale of Bach's Pharmacy Services, L.L.C.
- Article from:
- Business Wire
- Article date:
- May 13, 1999
CopyrightCOPYRIGHT 1999 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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ENGLEWOOD CLIFFS, N.J.--(BUSINESS WIRE)--May 13, 1999--
Kuala Healthcare, Inc. (NASDAQ:KUAL), a leading integrated alternative healthcare provider, today announced the sale of Bach's Pharmacy Services, L.L.C., an institutional pharmacy provider, to Omnicare, Inc. (NYSE: OCR). Kuala, through a subsidiary, owns a 75 percent interest in Bach's Pharmacy Services.
Bach's, located in Hackettstown, New Jersey, provides comprehensive pharmacy and related services to over 1,600 residents of skilled nursing, assisted living and other long-term care facilities throughout New Jersey. Bach's revenues are running at the annualized rate of $3.1 million.
Jack ...