Jan 21 2011
PSS World Medical, Inc. announced today that it has acquired Dispensing Solutions, Inc. DSI, a privately held company based in California, markets turn-key dispensing programs in the point of care, government, and contract packaging markets. DSI, which operates throughout the country and employs a staff of over 90 professionals, is currently projected to generate approximately $30 million in annual revenue. Terms of the transaction were not disclosed.
David M. Bronson, Executive Vice President and Chief Financial Officer of PSS World Medical, Inc., commented, "This strategic acquisition is in line with our purpose of strengthening the clinical success and financial health of caregivers by solving their biggest problems. DSI's scalable production platform, experienced management team, and growth potential make it a natural fit with our Physician Business, providing our physician customers with technology for immediate prescription fulfillment for their patients and strengthening their practice."
PSS World Medical, Inc. is a national distributor of medical products to physicians and elder care providers through its two business units. Since its inception in 1983, PSS has become a leader in the two market segments that it serves with a focused market approach to customer services, a consultative sales force, strategic acquisitions, strong arrangements with product manufacturers and a unique culture of performance.