AnazaoHealth® Corporation announced today that it has purchased the assets of Kronos® Compounding Pharmacy located in Las Vegas, NV.
Tampa, FL --(BUSINESS WIRE)—April 2, 2007—AnazaoHealth® Corporation announced today that it has purchased the assets of Kronos® Compounding Pharmacy located in Las Vegas, NV. The transaction, which was completed today, will allow the Pharmacy to continue to operate as a business unit within AnazaoHealth’s Custom Pharmacy division. Additionally, The Kronos’ Pharmacy management and employees have all been retained to ensure a seamless transition.
The addition of the highly regarded Kronos Compounding Pharmacy, combined with the expertise and proficiency of the pharmacy team and facility in Nevada, will further enhance AnazaoHealth’s efforts to expand our domestic sales of our Custom Pharmacy division. Along with our Amarillo acquisition in 2006, this location will continue to enhance our ability to serve the western part of the United States," said Jacob Beckel, Chairman and Chief Executive Officer of AnazaoHealth.
We are extremely pleased to have completed the Kronos Pharmacy acquisition, which is our third in the last twelve months" stated Chris Arnette, President and Chief Operating Officer of AnazaoHealth. "This purchase fits perfectly within our strategic plan for growth and complements our existing Custom Pharmacy business. The Kronos Pharmacy team is well respected as an industry leader. This will provide us the knowledge and bandwidth to expand into new markets. Furthermore, this provides us a prime location for our redundant facility and expands our operational capacity. It gives me great pleasure to welcome all the customers of Kronos Pharmacy."
Kronos Compounding Pharmacy is a subsidiary of Exeter Life Sciences, Inc. Kronos Pharmacy, located in Las Vegas, Nevada, compounds pharmaceuticals, dietary supplements and hormones for individual patients under a physician’s care. Through its compounding services, Kronos Pharmacy customizes the preparation of capsules, sublinguals, injectables, creams and gels for the individual needs of a patient as determined by the physician’s prescription. Kronos Compounding Pharmacy is licensed to serve patients in all 50 states.
About AnazaoHealth Corporation
AnazaoHealth, headquartered in Tampa, Florida, focuses on patient specific preparations serving the nuclear medicine and pain management markets, as well as providing drugs used in clinical trials. AnazaoHealth is organized around four prescription and service divisions: Nuclear Medicine, Brachytherapy, Custom Pharmacy, and Pain Management. AnazaoHealth, in its 46,000 square foot facility located in Tampa and a 5,500 square foot facility located in Amarillo, TX, specializes in compounding sterile preparations and is fully licensed to provide nuclear, radioactive materials and DEA controlled substances in all 50 states, the District of Columbia and Puerto Rico. Visit the AnazaoHealth Web site at www.anazaohealth.com.