Date: Thu, 18 Dec 1997 18:08:08 GMT Server: Apache/1.2.4 Last-Modified: Wed, 15 Oct 1997 16:36:14 GMT ETag: "18f5fa8-1727-3444f0fe" Content-Length: 5927 Accept-Ranges: bytes Connection: close Content-Type: text/html Vitalink Pharmacy Services, Inc. : 4/24/97 - Vitalink Reports Customer Growth
Vitalink Pharmacy Services, Inc.
4/24/97 - Vitalink Reports Customer Growth

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VITALINK REPORTS CUSTOMER GROWTH

Naperville, Illinois, April 24, 1997 --Vitalink Pharmacy Services, Inc. (NYSE:VTK) today reported continued growth in the number of customers served nationally since its February 13 merger with TeamCare, the pharmacy subsidiary of GranCare, Inc. (NYSE:GC). Over 5,000 new beds have been added since the merger, further strengthening Vitalink's place as a leading provider of institutional pharmacy services. As of April 1, the company served 172,000 beds from 56 locations throughout the United States.

Additionally, the company substantially increased its product and service offerings as a result of the merger. Cheryl Musial, Vice President of Sales and Marketing, noted that, "This allows us to offer expanded clinical programs, such as wound care services and, most importantly, a comprehensive disease state management "wellness" program. These initiatives have been well received by our new and present customers, and they provide us with an opportunity for continued growth."

On April 18, Manor Care, Inc. (NYSE:MNR) acknowledged the continued strong value of the merged company by announcing its intention to purchase up to 1.5 million additional shares of Vitalink common stock. In Manor Care, Inc.'s announcement, Stewart Bainum, Jr., Chairman and Chief Executive Officer of Manor Care, Inc. commented, "We believe that the shares of Vitalink represent an excellent investment...."

Vitalink now provides medications, consulting, infusion and other ancillary services to approximately 172,000 institutional beds as well as to home infusion patients. Services are dispensed by over 3000 professionals and technicians from 56 institutional pharmacies and four regional infusion pharmacies.


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