AmeriSourcBergen Corporation has completed the acquisition of all of the outstanding stock of Health Advocates, Inc. of Tampa, Florida, for approximately $83 million in cash. Health Advocates is a leading provider of Medicare set-aside cost containment services to insurance payers primarily within the workers' compensation industry. The new business is expected to be slightly accretive to the company's fiscal 2007 earnings.

Health Advocates, with revenues of approximately $20 million over the last 12 months, will be renamed PMSI MSA services and will operate under PMSI, AmeriSource Bergen's workers' compensation services business.

Medicare set-asides are required in certain worker's compensation settlements. The set-asides are funds established to cover future medical and prescription drug expenses incurred as a result of a job-related injury that would have been paid by Medicare. The amount of the set-aside is dependent on a number of complex factors, and ultimately must take Medicare into consideration in order for a workers compensation settlement to be finalised. The purpose of the set-aside is to ensure that Medicare is not burdened with costs that should be covered by the private workers' compensation insurer.

AmerisourceBergen is one of the world's largest pharmaceutical services companies serving the US, Canada and selected global markets. Servicing both pharmaceutical manufacturers and healthcare providers in the pharmaceutical supply channel, the company provides drug distribution and related services designed to reduce costs and improve patient outcomes. AmeriSource Bergen's service solutions range from pharmacy automation and pharmaceutical packaging to pharmacy services for skilled nursing and assisted living facilities, reimbursement and pharmaceutical consulting services, and physician education.