PharMerica Announces Date of 2011 Annual Shareholders’ Meeting

PharMerica Corporation (NYSE: PMC), a national provider of institutional pharmacy and hospital pharmacy management services, today announced that the Company’s annual meeting of shareholders will be held on Friday, June 10, 2011, in Louisville, Kentucky. Meeting details will be included in the Company’s 2011 proxy statement. Shareholders of record as of April 18, 2011, are entitled to vote on such matters.

The nominees for directors will be Geoffrey Meyers, Frank Collins, W. Robert Dahl, Marjorie Dorr, Thomas Gerrity, Thomas Mac Mahon, Robert Oakley, and Gregory Weishar. Daniel Mendelson, CEO of Avalere Health, will not seek re-election to our board of directors, where he has served since PharMerica’s inception. Mr. Mendelson was unable to serve due to increased time commitments resulting from recent growth of Avalere Health, a prominent strategic advisory company that provides guidance and syndicated research for clients in the healthcare industry, government and not-for-profit sectors.

Commenting on Mr. Mendelson’s service, the Company’s Chairman, Geoffrey Meyers said, “Dan Mendelson has provided the Company with insightful guidance in the healthcare arena. His expertise will be missed.”

About PharMerica

PharMerica Corporation is a leading institutional pharmacy services company servicing healthcare facilities in the United States. As of December 31, 2010, PharMerica operated 97 institutional pharmacies in 43 states. PharMerica’s customers are institutional healthcare providers, such as nursing centers, assisted living facilities, hospitals and other long-term care providers. The Company also provides pharmacy management services to long-term care hospitals.