|Medicap Pharmacy of Mooresville, North Carolina is a locally owed pharmacy that opened on January
8, 2001 with the principle that |
each patient deserves personal, professional care and low-cost prescriptions. Our excellent
store location gives our patients instant access to the pharmacist and our drive-thru prescription window
allows for quick
convenient service. Our Medicap Pharmacy location
also offers convenient, reliable prescription delivery service for those
patients that cannot make it to the pharmacy to pick up their prescriptions.
Medicap Pharmacy of Mooresville continues
to grow by focusing on
new opportunities in the ever-changing healthcare market. We offer private counseling by appointment
on prescription medications and
we offer specialized medication compounding for situations when commercially available
are not the best choice for the patient.
Medicap Pharmacy began with the opening of the first retail store in
Moines, Iowa, in 1971, then called the Medicine Chest. Over time, the name was changed to Medicap Pharmacy and in 1973, Medicap
Pharmacy started franchising their concept. Medicap Pharmacies, Inc. reached an important milestone in 1993 when the 100th
pharmacy opened for business. In December 2003, Medicine Shoppe
International, Inc. (MSI), a Cardinal Health company (NYSE:CAH)
announced the acquisition of Medicap Pharmacies Incorporated, a franchisor of 181 community pharmacies with locations in 34
MEDICAP PHARMACIES, INC. - WHO WE ARE
Medicap Pharmacy's image is built upon our founding principle that each patient deserves personal, professional
care and low-cost prescriptions. Our prime store locations, instant accessibility to the pharmacist and innovative drive-thru
prescription window have helped Medicap Pharmacy redefine the meaning of convenience and the delivery of professional pharmacy
Medicap Pharmacy continues to grow by focusing on new opportunities in the ever-changing healthcare market.
We carved out new territory in pharmaceutical care with the advent of the "medihealth solutions" program. Most all our newest
pharmacies feature private patient consultation rooms while many of our older pharmacies have been remodeled to accommodate
patient counseling areas.
Medicap Pharmacy offers its franchisees managed care expertise, presentation skills and
a proven track record to assist in securing prescription contracts. Our volume-buying power, the strength of our expanding
national network of pharmacies, Medicap Pharmacy's professional low-cost image and company history make an attractive package
when competing for managed care contracts.
Medicap Pharmacy began with the opening of the first retail store in Des
Moines, Iowa, in 1971. Then called the Medicine Chest, this store served as the prototype for other Medicap Pharmacy locations
to come by combining several ideas into a concept that is still basic to the Medicap Pharmacy approach to pharmaceutical care
-- patient care, convenience and savings. As a result, the Medicap Pharmacy philosophy of providing low-cost prescriptions
with the personal care of a registered pharmacist soon took shape.
In 1973 the company started franchising their concept
and by 1981, the network of Medicap Pharmacy locations had grown to 28 in the state of Iowa. In 1984, the network expanded
for the first time outside the borders of Iowa, with the opening of a new Medicap Pharmacy in neighboring Minnesota.
Medicap Pharmacies, Inc. solidified its position as an industry-leader in 1985 with the pioneering of a new
concept in patient convenience -- the drive-thru window. 1989 saw the development of a new prototype building design for new
Medicap Pharmacy buildings. And an important milestone was reached in 1993 when the 100th pharmacy opened for business. In
December 2003, Medicine Shoppe International, Inc. (MSI), a Cardinal Health company (NYSE:CAH) and the national leading franchisor
of independent retail pharmacies, announced the acquisition of Medicap Pharmacies Incorporated, a franchisor of 181 community
pharmacies with locations in 34 states. Medicap Pharmacies Incorporated is now a wholly owned subsidiary of MSI. The company
supports both the Medicine Shoppe® and Medicap Pharmacy® Brands. "Similar to The Medicine Shoppe® Pharmacies, Medicap Pharmacy
locations focus on personalized patient care and services. The companies continue to offer franchisees a business proposition
that enables them to control their hours, select their location, and receive the financial and personal benefits of owning
their own business.
About Medicine Shoppe International Medicine Shoppe International, Inc. (www.medicineshoppe.com),
a Cardinal Health company, is distinguished for its commitment to providing expert, personal health care. With approximately
1,000 Medicine Shoppe® Pharmacies in the U.S. and more than 250 pharmacies in 6 other countries, Medicine Shoppe® Pharmacies
fill approximately 47 million prescriptions per year, making Medicine Shoppe International the largest franchisor of independent
community pharmacies in the United States, and one of the top three franchises in the health care industry.
Cardinal Health Cardinal Health, Inc. is the leading provider of products and services supporting the health care industry.
Cardinal Health develops, manufactures, packages and markets products for patient care; develops drug-delivery technologies;
distributes pharmaceuticals, medical, surgical and laboratory supplies; and offers consulting and other services that improve
quality and efficiency in health care. Headquartered in Dublin, Ohio, Cardinal Health employs more than 50,000 people on six
continents and produces annual revenues of more than $50 billion. Cardinal Health is ranked #19 on the current Fortune 500
list and was named one of "The World's Best" companies by Forbes magazine in 2002.
for historical information, all other information in this news release consists of forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties
that could cause actual results to differ materially from those projected, anticipated or implied. The most significant of
these uncertainties are described in Cardinal Health's Form 10-K, Form 8-K and Form 10-Q reports and exhibits to those reports,
and include (but are not limited to) the costs, difficulties, and uncertainties related to the integration of acquired businesses,
the loss of one or more key customer or supplier relationships, changes in the distribution outsourcing patterns for healthcare
products and/or services, the costs and other effects of governmental regulation and legal and administrative proceedings,
and general economic conditions. Cardinal Health undertakes no obligation to update or revise any forward-looking statements.