GLI & PharMerica Lead the Passage of Pharmacy Reform in Kentucky

For Immediate Release:  March 29, 2016 

Media Contact: Alison Brotzge-Elder, abrotzge@greaterlouisville.com; 502-262-0359

(Louisville) – GLI and PharMerica applaud the final passage by the General Assembly of House Bill 527, which modernizes certain aspects of Kentucky’s pharmacy law.  The new law enables all types of pharmacies – retail, mail, specialty, and institutional – to more efficiently perform administrative tasks, while maintaining high patient safety standards and reducing costs for pharmacy hub operations.  The bill is now making its way to the Governor’s desk.

“This piece of legislation is vital to attracting more high paying, high skilled jobs to our region,” GLI’s Chief Operating Officer, Sarah Davasher-Wisdom said. “By passing this bill, the General Assembly has made it possible for Kentucky to be considered as a home for national and regional pharmacies looking to optimize efficiency of operations while providing great pharmaceutical care.”

The change in pharmacy law will make Kentucky a more attractive destination for pharmacies looking to relocate their operations to take advantage of the state’s world class logistics, affordable cost of living, and high-quality workforce.   Members of both organizations led the charge in this effort that involved garnering broad legislative support and the building bridges with pharmacy constituent groups to affect the needed changes.

“The change in law levels the playing field for the Commonwealth of Kentucky and PharMerica.   As a result, PharMerica will add over 150 jobs over the next several years.  We are grateful for GLI’s leadership.  Their strong, bi-partisan voice helped us to build consensus among the right stakeholders, which ultimately led to passage of the bill,” Greg Weishar, Chief Executive Officer of PharMerica, said.

In recent years, pharmacy companies have bypassed Kentucky in favor of states with more modernized pharmacy laws and regulations.

“We are grateful to Rep. Tom Burch for filing this important bill and Rep. Jerry Miller for co-sponsoring,” Davasher-Wisdom said. “Their bi-partisan leadership, along with the leadership of Sen. Julie Raque Adams in the Senate, will result in the creation of more jobs in Kentucky.”

Millions of dollars of pharmaceuticals already pass through UPS WorldPort on a daily basis. Many Kentuckians already benefit from the services of mail order pharmacies located in other states.

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About Greater Louisville Inc.

Greater Louisville Inc. – the Metro Chamber of Commerce is where regional business leaders come together to accelerate business competitiveness, economic growth and job creation in the Greater Louisville region.  The region’s largest business leadership organization, GLI leads economic and global outreach strategies focused on business attraction; nurtures the entrepreneurial eco-system and fast growth companies; and champions the development of the community’s talent base.  As the voice of the business community, GLI advocates for a pro-business environment and facilitates business leadership engagement on issues that impact regional competitiveness.  For more information, visit www.GreaterLouisville.com.

 

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