Albuquerque Journal (Albuquerque, NM)

Sun Selling Its Pharmacy.(Final)

Byline: Winthrop Quigley Journal Staff Writer

SunScript Serves Nursing Homes

Kentucky-based Omnicare Inc. has agreed to purchase Sun Healthcare Group's pharmaceutical services business, SunScript Pharmacy Corp., for more than $75 million in cash, the companies announced Tuesday.

Omnicare has agreed to pay $75 million at closing and as much as $15 million more at a later date, depending on an analysis of the value of the contracts included in the purchase.

Many of SunScript's customers are Sun Healthcare nursing homes, and some of those homes might be closed, making the value of their SunScript contracts uncertain, said Sun chairman Richard K. …

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