PharMerica Names Barry A. Schepp Senior Vice President of Sales

LOUISVILLE, Ky.--(BUSINESS WIRE)--PharMerica Corporation (NYSE: PMC), a national provider of institutional pharmacy and hospital pharmacy management services, today announced that Barry A. Schepp has joined the Company as Senior Vice President of Sales. He will be responsible for developing and implementing sales strategy to build market presence and drive business growth and revenue.

Prior to joining PharMerica, Mr. Schepp was Vice President Sales, Marketing and Business Development for Long Beach, New York-based Chem Rx Corporation, the third largest long-term care pharmacy in the United States. His responsibilities included day-to-day sales and marketing activities and business development, including overseeing the acquisition of several pharmacies and developing necessary marketing strategies and sale tools. Other positions during his career included Chief Executive Officer and President of Woodhaven Health Services, a pharmacy for long-term care facilities, and Senior Vice President, Sales & Marketing for NeighborCare, a subsidiary of Genesis Health Ventures and a provider of institutional and retail pharmacy services, medical supplies and equipment.

In commenting on the announcement, PharMerica’s CEO Gregory S. Weishar said, “We are very fortunate to have someone of Barry’s background and experience in the pharmacy industry heading up our sales department. His expertise and successful track record for developing and launching innovative sales and marketing campaigns in multi-state, highly competitive markets will be extremely valuable to us as we continue to improve the client value proposition and expand our business. We look forward to his contribution.”

About PharMerica

PharMerica Corporation is a leading institutional pharmacy services company servicing healthcare facilities in the United States. As of June 30, 2010, PharMerica operated 90 institutional pharmacies in 41 states. PharMerica’s customers are institutional healthcare providers, such as nursing centers, assisted living facilities, hospitals and other long-term care providers. The Company also provides pharmacy management services to long-term care hospitals.

From time to time, PharMerica Corporation makes “forward-looking statements,” as defined within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are based upon information currently available to us and are subject to a number of risks, uncertainties and other factors that could cause the Company’s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. Forward-looking statements include, among other things, statements relating to the Company’s current and expected financial results, overall economic, financial and political conditions, industry trends, as well as other especially relevant risks as detailed in the Company’s filings with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. The Company assumes no obligation to update the information contained in this press release.