PHCC Priority Healthcare b (MM)

Priority Healthcare Completes Acquisition of SpectraCare, Inc. LAKE MARY, Fla., June 7 /PRNewswire-FirstCall/ -- Priority Healthcare Corporation (NASDAQ:PHCC) announced today that it has closed the acquisition of the specialty infusion pharmacy and medical management operations of SpectraCare, Inc. "We are excited about our acquisition of SpectraCare," said Steve Cosler, President and Chief Executive Officer of Priority Healthcare. "We look forward to welcoming an exceptional team of professionals who are committed to delivering high quality patient care. This acquisition will accelerate the growth of our specialty infusion business which is an important component of our expanding services strategy." About SpectraCare, Inc. SpectraCare, Inc. is a specialty infusion company with a medical management component headquartered in Louisville, Kentucky. Since its inception in 1988 it has grown from a single location in Louisville to six pharmacies in four states. SpectraCare offers full specialty infusion services with its pharmacies and network management on an administrative fee-for-services basis for managed care organizations under the name Care Continuum. About Priority Healthcare Corporation Priority Healthcare is the premier healthcare services company providing innovative, high quality and cost-effective solutions that enhance quality of life. As a national specialty pharmacy and distributor, Priority Healthcare provides biopharmaceuticals, complex therapies, related disease treatment programs and a portfolio of other service offerings for patients, payors, physicians and pharmaceutical manufacturers. The growing number of specialty areas serviced by Priority Healthcare include: oncology, gastroenterology, reproductive endocrinology, neurology, hematology, pulmonology, ophthalmology, rheumatology, endocrinology, infectious disease and nephrology, as well as ambulatory surgery centers. Additional information regarding Priority Healthcare is available online at http://www.priorityhealthcare.com/ . Certain statements included in this press release, which are not historical facts, are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent our expectations or beliefs and involve certain risks and uncertainties, including those described in our public filings with the United States Securities and Exchange Commission; also including, but not limited to, changes in interest rates, competitive pressures, changes in customer mix, changes in third party reimbursement rates, financial stability of major customers, changes in government regulations or the interpretation of these regulations, changes in supplier relationships, growth opportunities, cost savings, revenue enhancements, synergies and other benefits anticipated from acquisition transactions, difficulties relative to integrating acquired businesses, the accounting and tax treatment of acquisitions, and asserted and unasserted claims, which could cause actual results to differ from those in the forward-looking statements. The forward-looking statements by their nature involve substantial risks and uncertainties, certain of which are beyond our control, and actual results may differ materially depending on a variety of important factors. You are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date herein. http://www.newscom.com/cgi-bin/prnh/20030417/PHCLOGODATASOURCE: Priority Healthcare Corporation CONTACT: Stephen Saft, Chief Financial Officer, +1-407-804-6700 Web site: http://www.priorityhealthcare.com/

Copyright