Financials
Nyer Medical Group, Inc. Announces the Addition of 3 Pharmacies
Published in Law and Health Weekly, August 4th, 2007
Nyer Medical Group Inc., (NASDAQ:NYER) announced that its 80% owned subsidiary, D.A.W., Inc. has added three pharmacies. Two of the pharmacies are start-ups operating in the Massachusetts communities of Brockton and Framingham. Each of the two pharmacies has entered into a contract to maintain a segregated inventory on behalf of a federally qualified health center for the purpose of providing pharmacy services consistent with the federal 340B prescription program. A third, long-operating pharmacy, has been acquired in Woburn, Massachusetts. Mark Dumouchel, President of the pharmacy subsidiary, stated that "the additions bring us to a total of 18 owned pharmacies. The company also has...
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