Press Releases

Bayshore Home Health acquires Canadian home pharmacy services provider Coram Healthcare Ltd.

Mississauga, Ontario, July 3, 2007—Bayshore Home Health, Canada’s largest provider of home and community health care services, has acquired Coram Healthcare, the Canadian home pharmacy services division of Denver, Colorado-based Coram, Inc.

Coram Healthcare specializes in the preparation and delivery of intravenous drugs used in areas such as antibiotic treatments, chemotherapy, palliative care and parenteral nutrition, and distributes related supplies and equipment. These services generally are delivered in clients’ homes instead of hospitals.

“We are thrilled to be able to add Coram’s expertise to our roster of services,” says Bayshore’s President Stuart Cottrelle. “Coram’s drug preparation and distribution services are a great fit with our infusion clinics and home infusion services. They give us the ability to enhance our service offering and deliver a more coordinated level of service to our patients as well as institutional/corporate clients who manage their care. In addition, we look forward to expanding these services across Canada.”

Bayshore currently provides in-home infusion services for a variety of intravenous drugs through specially-trained nurses that work from the company’s 39 home care offices across Canada. It also operates 20 community infusion clinics and two dialysis centres.

“Bayshore’s nursing services and infusion clinics will enable Coram to expand into other areas of pharmaceutical services and health care,” explains Sahar Whelan, RPh, Coram’s Director of Pharmacy. “I feel we are setting the standard for infusion services in Canada.”

A substantial portion of Coram’s business comes from being a contracted provider of drug preparation and distribution services to a number of Ontario Community Care Access Centres, which oversee provincially-funded intravenous treatments for Ontario’s residents. It also delivers services, to a lesser degree, through the hospital system and directly to the public.

Whelan believes the new partnership will be beneficial to both intravenous patients and provincial health care systems. “Combining nursing and pharmacy services and being able to offer them to a variety of clients will ultimately result in better care for patients and be more economical for provincial health care systems,” she explains.

About Bayshore Home Health

Bayshore Home Health has been enhancing the quality of life, dignity and independence of Canadians in their homes since 1966. Canadian owned and operated, it is the country’s largest provider of home and community health care services, with 39 home care offices and more than 6,000 employees in eight provinces. Its specialties are in-home nursing, personal care and home support – offered directly to consumers and also delivered through government care programs, personal and group insurance plans, and workplace safety insurance. Its caregivers provide about 5 million hours of home care annually to 40,000 clients. The company’s other services include nurse and caregiver staffing, pharmaceutical support services, health education programs, infusion clinics and dialysis centres. Bayshore Home Health is a winner of Canada’s 50 Best Managed Companies award for 2006.

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www.bayshore.ca