Announced
Completed
Financials
Tags
Cross Border
Majority
healthcare products
Single Bidder
pharmaceutical distribution
Acquisition
United Kingdom
Friendly
Medical Services
Private
Completed
Synopsis
AmerisourceBergen, an American drug wholesale company, completed the acquisition of Alliance Healthcare, a wholesaler, distributor, and retailer of pharmaceutical, surgical, medical, and healthcare products, from Walgreens Boots Alliance, an American holding company, for $6.5bn, comprised of c. $6.3bn in cash and 2m shares of AmerisourceBergen common stock. “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. This deal will enable significant value creation for both companies and will generate new synergies in addition to those already captured. 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. The transaction will fuel higher future investments to grow and transform our core retail pharmacy and healthcare businesses, and is EPS accretive long-term for Walgreens Boots Alliance,” Stefano Pessina, Walgreens Boots Alliance Executive Vice Chairman and CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.