Press Release

Principle Pharmacy Group and Jackson Pharmacy
Professionals Announce Channel Partnership
Good Shepherd Medical Center Success Brings Together
the Right Combination of Innovation and People

BIRMINGHAM, AL – Tuesday, September 21, 2010 – Principle Pharmacy Group (Principle), a leader in hospital pharmacy management, has added several new pharmacy management customers and finalized a partnership with Jackson Pharmacy Professionals as a result of a combined success in Texas. The partnership came as a result of the two organizations working successfully together over the past several months at Good Shepherd Medical Center (GSMC) in Longview, Texas, a new customer win that occurred late 2009.

According to Troy Thibodeaux, SVP and COO of GSMC, "Principle’s services enabled our 425-bed hospital to transition from an outsourced arrangement with another pharmacy management company to in-house in a matter of months. Without their experience in the industry and platform of services, we would have had a tough time realizing the same level of benefits. Principle and Jackson Pharmacy Professionals brought together the perfect combination – a best practices pharmacy management platform and the right people to execute against those practices.”

“Principle has re-invented itself over the past several months,” said Boscoe Godfrey, President of Principle’s Pharmacy Management. “We now take the same time-tested tools and processes used in our managed customer engagements and made them available to any size hospital in the United States. These unbundled services range from simply monitoring GPO and wholesaler cost savings opportunities to leveraging our centralized data management and reporting platform. New customer accounts in Texas, Mississippi, Louisiana, Georgia, and Montana represent a broad range of healthcare systems that are actively seeking ways to enhance overall patient care and better control the quality and costs of services delivered to consumers.”

David McAnally, CPC – Vice-President of Jackson Pharmacy Professionals, a division of Jackson Healthcare, cited Principle’s success at GSMC as the reason for pursuing the partnership, “We witnessed firsthand how the Principle Team worked, how GSMC employees responded and the value they were able to create.”

About Jackson Pharmacy Professionals
Jackson Pharmacy Professionals, a division of Jackson Healthcare, is a national pharmacy-only staffing recruiting company specializing in the placement of quality pharmacists and pharmacy technicians in all practice settings. Jackson Pharmacy Professionals has become the loyalty leader in pharmacy staffing and placement in the U.S. and our retention rates prove it – 94% of our pharmacists are still employed with our customers one year after placement. For more information, please visit www.jacksonhealthcare.com.

About Principle Pharmacy Group
Principle Pharmacy Group is a pharmacy services company dedicated to helping hospitals enhance the delivery of healthcare and lower cost through automating and standardizing manual processes. Our Web-accessible platform of services allows customers anytime, anywhere to use and access critical tools, documents, alerts and reports that allow for better management, compliance and decisions. Over the course of our ten year history, we have delivered innovative offerings across two of the most difficult to manage and expensive segments of the $350 billion a year that consumers spend on pharmacy care – inpatient care and specialty infusion services. Our specialty infusion services division is focused on partnering with major health systems to provide a turn-key service that offers better discharge management insight, care coordination and compliance monitoring for patients that require extended home infusion therapy for chronic and complex conditions. For more information, please visit www.principlepharmacy.com.

For media inquires please contact:
Bill Funderburk
Director, Marketing & Communications
bfunderburk@principlepharmacy.com

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