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Vitalink's History |
TeamCare's History |
1996: Vitalink serves 568 customers with a total of 49,900 beds (19,300 Manor Care). Total annualized sales of $150M and 945 total employees. | 1996: GranCare serves 959 customers with a total of 107,900 beds (14,000 GranCare). Total annualized sales of $260M and 2,295 total employees. |
1992: Vitalink completed its initial public offering. The purpose of the offering was to increase Vitalink's autonomy and create capital and a currency to use for subsequent acquisitions. | 1995: GranCare made the strategic decision to develop the pharmacy division as a stand alone business unit with a separate infrastructure and began the further analysis of how best to position the pharmacy to enhance shareholder value. |
1989: Following the implementation of OBRA, Manor Care made the strategic decision to develop the pharmacy division as a stand alone business unit with a separate infrastructure , marketing its services to outside customers. | 1991 - 1995: The pharmacy operation grew rapidly through same store expansion in GranCare cluster markets and acquisitions in new markets. |
1981: Continued growth to new Manor Care cluster markets through Manor Care acquisition of Cenco/Americana. | 1991: GranCare acquired AMS, in which the pharmacy was included as part of the larger acquisition and did not have an independent market valuation. |
1960: Began in Monticello, IL as part of Americana HealthCare Corporations's thrust to provide consistent high quality pharmacy services to clusters of nursing facilities. | 1973: Began in Milwaukee, WI as part of American Medical Services' (AMS) focus on expanding basic nursing care. |
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Last modified on Wednesday, October 15, 1997