BioScrip Focused on Restoring Shareholder Value and Driving Top Line Revenue
23 Mai 2007 - 3:11PM
Business Wire
In remarks at the annual stockholders� meeting, Chairman and Chief
Executive Officer, Richard H. Friedman set forth BioScrip�s
(NASDAQ: BIOS) 2007 key goals and objectives as well as its growth
initiatives. Mr. Friedman was quoted as saying that �For the past
year, as we have met head on the challenges of integrating MIM
Corporation and Chronimed, it has been my job to restore
shareholder value while protecting the reputations, customers,
patients and revenue base of our two highly specialized brands.�
Mr. Friedman also outlined the Company�s path to BioScrip achieving
its growth and profitability expectations for 2007. Commenting on
BioScrip�s strategy for driving revenue growth in 2007, Mr.
Friedman noted that �BioScrip�s mission is to be the Specialty
Pharmaceutical organization that is known for superior,
cost-effective management and service in this vital and complex
�high touch � high feel� healthcare sector. We will work in
partnership with the key industry participants to meet this
objective.� �Our strategy will not only grow BioScrip, but define
us as a worthy partner among the nation�s largest pharmaceutical
companies, payors and physician groups. The next phase of our
integration will help make this possible. This phase includes the
alignment of our business units with the most growth oriented
markets and customers as well as the optimization of operational
systems and platforms.� Interested parties may access an audio
webcast of Mr. Friedman�s presentation by visiting the investor
relations section of the BioScrip website, http://www.BioScrip.com.
In other Company news, all nine of the Company�s directors proposed
for election to BioScrip�s Board were duly elected at the annual
meeting. In other voting, shareholders ratified the selection of
Ernst & Young LLP as BioScrip�s independent auditor for 2007.
BioScrip, Inc. provides comprehensive pharmaceutical healthcare
solutions. We partner with healthcare payors, pharmaceutical
manufacturers, government agencies, physicians and patients to
deliver cost effective programs in an effort to optimize the
quality of patient life. We focus our products and services in two
core areas: Specialty pharmaceutical services, both nationally and
community-based, and Pharmacy Benefit Management services. Our
specialty services capabilities include condition-specific
distribution and clinical management programs for individuals
living with health conditions such as HIV/AIDS, cancer, immune
deficiency, Hepatitis C, Rheumatoid Arthritis, Multiple Sclerosis,
transplantation and Crohn's disease. Our pharmacy benefit
management programs include benefit plan design, pharmacy network
management and sophisticated reporting capabilities. In addition,
we have 36 community, mail service and infusion pharmacies across
the U.S., providing nationwide access to prescription medications
and clinical services. Forward Looking Statements This press
release may contain statements which constitute forward looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, including statements regarding the intent,
belief or current expectations of the Company, its directors, or
its officers with respect to the future operating performance of
the Company. Investors are cautioned that any such forward looking
statements are not guarantees of future performance and involve
risks and uncertainties, and that actual results may differ
materially from those in the forward looking statements as a result
of various factors. Important factors that could cause such
differences are described in the Company's periodic filings with
the Securities and Exchange Commission.
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