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New Deal


Announced

Completed

AmerisourceBergen completed the acquisition of Walgreens' Alliance Healthcare businesses for $6.5bn.

Financials

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Transaction Value£4,779m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA12x
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Majority

healthcare products

Single Bidder

pharmaceutical distribution

Acquisition

United Kingdom

Friendly

Medical Services

Private

Completed

Synopsis

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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.

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