The Evolution of BioScrip, Inc.
BioScrip® is a leading home infusion provider with nationwide pharmacy and nursing capabilities. We have a large home health and hospice presence in the Southeast through Deaconess HomeCare and Elk Valley Health Services in Tennessee and we operate a strong Pharmacy Benefit Management business.
BioScrip has extensive experience as a leader in the pharmacy industry. When Chronimed, Inc. and MIM Corporation merged into BioScrip in 2005, we became a top provider in specialty pharmacy services, PBM and mail order services. Our shared vision evolved into a mission of balancing better patient outcomes with more affordable healthcare costs.
With the additional acquisition of Critical Homecare Solutions®, Inc. in 2010, BioScrip complemented its pharmacy business with the addition of home health services and home nursing products and equipment. In 2012, BioScrip entered a new phase to focus in the development of its home infusion business. The Company divested its traditional and specialty mail order business and retail community stores offering oral and other chronic medications. We are now poised to leverage our nationwide geographic reach and strong payor relationships to offer home infusion pharmacy and home health services with clinical excellence and operational efficiency to service our patients and the needs of their caregivers.
Chronimed Inc. was founded in 1985 and became publicly traded in 1992. A pioneer in the specialty pharmacy industry, Chronimed provided services for patients with complex chronic health conditions and worked closely with managed care, pharmacy benefit managers and the insurance industry. In 1996, Chronimed acquired StatScript Pharmacy, a wholly owned and operated retail chain.
Critical Homecare Solutions
Founded in 2006 by the acquisitions of two infusion therapy providers, Specialty Pharma, Inc. (SPI) and New England Home Therapies®, Inc. (NEHT), Critical Homecare Solutions (CHS) became a leader in home infusion services and home health services. In 2007, CHS acquired Deaconess Enterprises, Inc. (Deaconess HomeCare®), one of the 10 largest providers of comprehensive infusion and home nursing services in the country. The merger of CHS to BioScrip in 2010 strengthened BioScrip's position as a national leader of infusion therapy, specialty and mail order pharmacies, PBM services and home healthcare services.