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January 7, 2021 Comments (0) Views: 690 Chicago News, Top Chicago

Walgreens Divests Pharma Wholesale Business for $6.5B

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Walgreens Boots Alliance, headquartered in Deerfield, IL, will sell the majority of its Alliance Healthcare wholesale businesses to AmerisourceBergen for approximately $6.5 billion. The sale will enable Walgreens to focus on expanding its core retail pharmacy business.

In addition to this transaction, the two companies have agreed to strengthen their strategic partnership by extending and expanding their commercial agreements. Their U.S. distribution agreement will be extended by three years until 2029 and their partnership is being expanded to include a commitment to pursue additional opportunities in sourcing and distribution.

“This strategic agreement with AmerisourceBergen, which we consider to be the world’s leading pharmaceutical wholesaler, is a very positive development for the two companies.” said Stefano Pessina, executive vice chairman and CEO, Walgreens Boots Alliance. “It is a logical step following the success of our long-term strategic relationship with AmerisourceBergen which has been a strong and trusted partner since 2013.”

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