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news.Nyer Medical Group, a provider of surgical and medical equipment, has announced that its pharmacy subsidiary, DAW has entered into a pharmacy service agreement with East Boston Neighborhood Health Center to manage its on-site clinic pharmacy for a two-year period.
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Under terms of the agreement, DAW will receive a dispensing fee for each prescription dispensed in exchange for providing comprehensive clinical pharmacy and pharmacy management services. Management estimates that dispensing fee revenue will aggregate approximately $2 million per year.
Mark Dumouchel, president and CEO of Nyer, said: “The East Boston Neighborhood Health Center has been a community institution for over 35 years, having grown to manage and service close to 250,000 patient visits per year, one of the highest numbers of any ambulatory care center in New England. As such, we are pleased to have formed this affiliation.
“The management relationship creates further efficiencies within our operational infrastructure and will have an overall accretive effect on Nyer’s earnings.”