Company type | Private |
---|---|
Nasdaq: ALLI | |
Industry | Specialized Health Services [1] |
Founded | 1983 1999 (Allion) | (The Care Group)
Headquarters | , United States of America |
Area served | New York, California, Florida, New Jersey, and Washington |
Key people | Michael Moran (chairman, CEO) |
Revenue | US$341 Million (FY 2009) [2] |
US$15.7 Million (FY 2009) [2] | |
US$7.52 Million (FY 2009) [2] | |
Total assets | US$271 Million (FY 2009) [3] |
Total equity | US$169 Million (FY 2009) [3] |
Owner | HIG Capital |
Number of employees | 190 [4] |
Allion Healthcare Inc. was 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. [5]
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. [6] [7]
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. [8]
The company was listed on NASDAQ on the ticker symbol ALLI. On January 13, 2010, the company closed on being acquired by the private equity firm HIG Capital for $6.60/share in a deal valued at $278 million. [9]
On April 4, 2012, the New York Attorney General Eric T. Schneiderman charged four people associated with the company in a Money Laundering & Bribery Scheme claiming the company sold blackmarket drugs "of unknown origin and potency, and in some cases, drugs that were mislabeled or potentially expired." According to the complaint: To date none of such has been proven. [10] [11]
The indictment said at least $155 million in false claims were associated with the charge. [10] [11]
Walgreens is an American company that operates the second-largest pharmacy store chain in the United States, behind CVS Health. It specializes in filling prescriptions, health and wellness products, health information, and photo services. It was founded in Chicago in 1901, and is headquartered in the Chicago suburb of Deerfield, Illinois. On December 31, 2014, Walgreens and Switzerland-based Alliance Boots merged to form a new holding company, Walgreens Boots Alliance. Walgreens became a subsidiary of the new company, which retained its Deerfield headquarters and trades on the Nasdaq under the symbol WBA.
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Bayer AG is a German multinational pharmaceutical and biotechnology company and is one of the largest pharmaceutical companies and biomedical companies in the world. Headquartered in Leverkusen, Bayer's areas of business include: pharmaceuticals, consumer healthcare products, agricultural chemicals, seeds and biotechnology products. The company is a component of the EURO STOXX 50 stock market index.
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