Advanced Specialty Pharmacy Will Continue to Serve Its Nuclear Pharmacy Customers
LAFAYETTE, La., Oct. 6, 2006 — Advanced Specialty Pharmacy, LLC (ASP) today announced that litigation initiated by Cardinal Health 414, Inc. ("Cardinal") against ASP and related parties has been amicably resolved.
The original lawsuit (Case No. 2006-CV-2305) was filed on April 28, 2006, in the United States District Court, Eastern District of Louisiana.
Advanced Specialty's counter-claim filed in this litigation against Cardinal that asserted violations of various federal and state antitrust laws will also be dismissed as part of the settlement.
Although the terms of settlement are to remain confidential between the parties, Advanced Specialty Pharmacy will continue to serve its nuclear pharmacy customers in all of its existing markets. "ASP envisions rapid future growth in these markets based on our business model of very competitive pricing and a responsiveness to customer needs that large national companies cannot match," stated Tim Rogers, a co-founder of ASP.
About Advanced Specialty Pharmacy, LLC
Advanced Specialty Pharmacy, LLC (ASP) specializes in offering patients chronic pharmaceutical therapies, respiratory medications, home-infusion services, chemotherapy and radiopharmaceuticals. ASP has offices in Lafayette, La.; Tampa, Fla.; and Birmingham, Ala. ASP is part of the Advanced Holdings, Inc. (AHI) family of healthcare companies. AHI is based in Bessemer, Ala.