Allion Healthcare
Encyclopedia
Allion Healthcare is the parent company of MOMSpharmacy
based in Melville, New York
primarily known for providing mail order
HIV
medications to patients who are primarily on Medicaid
or the AIDS Drug Assistance Program (ADAP).
Among the offerings is the MOMSPak in which the drugs are packed together in dated individual packages to make the multi-drug regimen easier.
The company reported having 15,610 patients in 2007.
The company has distribution centers in New York
, California
, Florida
, New Jersey
, and Washington.
The company was founded in 1983 as The Care Group and changed its name to Allion in 1999 after emerging from bankruptcy
.
The company has an agreement with Roche Laboratories for pricing discounts in exchange for providing blind patient data on Fuzeon medication. In November 2007 Company signed an exclusive distribution agreement with Galea Life Sciences for Nutraplete, the first therapeutic dietary supplement designed specifically for people living with HIV/AIDS.
Allion Healthcare has entered into a definitive merger agreement with HIG Capital.(18-Oct-09) Allion acquired and taken private by an affiliate of HIG Capital, in a transaction valued at approximately $278m, including the assumption or repayment of approximately $79m of indebtedness. Allion stockholders would receive $6.60 per share in cash, representing a premium of 30.2% over Allion’s average share price for the five trading days prior to the execution and public announcement of the transaction.
Pharmacy
Pharmacy is the health profession that links the health sciences with the chemical sciences and it is charged with ensuring the safe and effective use of pharmaceutical drugs...
based in Melville, New York
Melville, New York
Melville is a hamlet and census-designated place in the town of Huntington in Suffolk County on Long Island, New York, in the United States. As of the 2000 census, 14,533 people resided there.-Location:...
primarily known for providing mail order
Mail order
Mail order is a term which describes the buying of goods or services by mail delivery. The buyer places an order for the desired products with the merchant through some remote method such as through a telephone call or web site. Then, the products are delivered to the customer...
HIV
HIV
Human immunodeficiency virus is a lentivirus that causes acquired immunodeficiency syndrome , a condition in humans in which progressive failure of the immune system allows life-threatening opportunistic infections and cancers to thrive...
medications to patients who are primarily on Medicaid
Medicaid
Medicaid is the United States health program for certain people and families with low incomes and resources. It is a means-tested program that is jointly funded by the state and federal governments, and is managed by the states. People served by Medicaid are U.S. citizens or legal permanent...
or the AIDS Drug Assistance Program (ADAP).
Among the offerings is the MOMSPak in which the drugs are packed together in dated individual packages to make the multi-drug regimen easier.
The company reported having 15,610 patients in 2007.
The company has distribution centers in New York
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
, California
California
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
, Florida
Florida
Florida is a state in the southeastern United States, located on the nation's Atlantic and Gulf coasts. It is bordered to the west by the Gulf of Mexico, to the north by Alabama and Georgia and to the east by the Atlantic Ocean. With a population of 18,801,310 as measured by the 2010 census, it...
, New Jersey
New Jersey
New Jersey is a state in the Northeastern and Middle Atlantic regions of the United States. , its population was 8,791,894. It is bordered on the north and east by the state of New York, on the southeast and south by the Atlantic Ocean, on the west by Pennsylvania and on the southwest by Delaware...
, and Washington.
The company was founded in 1983 as The Care Group and changed its name to Allion in 1999 after emerging from bankruptcy
Bankruptcy
Bankruptcy is a legal status of an insolvent person or an organisation, that is, one that cannot repay the debts owed to creditors. In most jurisdictions bankruptcy is imposed by a court order, often initiated by the debtor....
.
The company has an agreement with Roche Laboratories for pricing discounts in exchange for providing blind patient data on Fuzeon medication. In November 2007 Company signed an exclusive distribution agreement with Galea Life Sciences for Nutraplete, the first therapeutic dietary supplement designed specifically for people living with HIV/AIDS.
Allion Healthcare has entered into a definitive merger agreement with HIG Capital.(18-Oct-09) Allion acquired and taken private by an affiliate of HIG Capital, in a transaction valued at approximately $278m, including the assumption or repayment of approximately $79m of indebtedness. Allion stockholders would receive $6.60 per share in cash, representing a premium of 30.2% over Allion’s average share price for the five trading days prior to the execution and public announcement of the transaction.