Announced
Financials
Sources
Tags
Pending
Majority
Germany
Joint Venture
Single Bidder
Private Equity
Acquisition
Friendly
Health Care Services
Health Care Facilities
pharmaceutical wholesaler
Private
Synopsis
Walgreens Boots Alliance and McKesson agreed to create a joint venture that will combine their respective pharmaceutical wholesale businesses in Germany, Alliance Healthcare Deutschland and GEHE Pharma Handel. WBA will have a 70% controlling equity interest in the joint venture and McKesson will have a 30% ownership interest. Financial terms were not disclosed. “Combining our wholesale operations is the right decision to secure the long-term success of both businesses. This is a strategic step that will offer benefits for all. We are creating a sustainable company to drive success for our customers and the German healthcare system,” Ornella Barra, WBA Co-Chief Operating Officer.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.