SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2012

Subsequent Events [Abstract]

Subsequent Events [Text Block]

SUBSEQUENT EVENTS

On July 3, 2012, the Company entered into a Third Amendment to the Second Amendment and Restated Credit Agreement, by and among the Company, as borrower, all of its subsidiaries as guarantors thereto, the lenders, Healthcare Finance Group, LLC, an administrative agent, and the other parties thereto. The amendment reduces revolving commitments from $150 million to $125 million; reduces the minimum revolving balance from $30 million to zero; increases the basket limitation for loans and advances to third parties and investments in permitted joint ventures to $60 million; removes the dollar limitation on permitted acquisitions so long as the proposed acquisition meets the pro forma and other conditions; lowers the LIBOR floor to 1.00% from 1.25%; and modifies the definition of the term “Consolidated EBITDA”.

On July 31, 2012, the Company acquired InfuScience, Inc. (“InfuScience”) for a cash payment of $38.0 million. The purchase price could increase to $41.0 million based on the results of operations during the 24 month period following the closing. Headquartered in Gurnee, IL, InfuScience acquires, develops and operates businesses providing alternate site infusion pharmacy services. InfuScience has five infusion centers located in Eagan, Minnesota; Lincoln and Omaha, Nebraska; Chantilly, Virginia; Charleston, South Carolina; and Savannah, Georgia.