Arete Pharmacy Network and Topco Associates Announce Collaborative Venture
Arete Pharmacy Network, LLC, ("Arete"), a national pharmacy services administrative organization (PSAO), and Topco Associates, LLC ("Topco"), a privately held cooperative of regional grocery stores and wholesalers, have announced a collaborative venture that will enable Topco’s member pharmacies to pursue contractual relationships with payers as a unified entity. Based on the terms of the relationship, Arete and Topco will collaborate to create a new grocery chain contracting option for payers, which will serve as a network of high-quality pharmacies with national coverage.
"The relationship with Topco is centered on the importance of building and maintaining a high-performing quality network of pharmacies. Topco and its member pharmacy organizations show a strong focus in this area, and the strategic alignment between our organizations became apparent very early in the conversations about a potential partnership."
- Rob McMahan, CEO