MedCity News January 6, 2021
AmerisourceBergen plans to buy most of Walgreens’ Alliance Healthcare business for $6.5 billion. The deal will let Walgreens focus more on its retail pharmacy and healthcare businesses.
Walgreens Boots Alliance plans to sell its pharmacy wholesale business to AmerisourceBergen for $6.5 billion, the companies announced on Wednesday.
The transaction will include $6.27 billion in cash and 2 million shares of AmerisourceBergen’s stock.
Walgreens will sell most of its Alliance Healthcare business, one of the largest pharmaceutical wholesalers in Europe. AmerisourceBergen CEO Steven Collis said the deal would expand the company’s reach and add to the breadth and depth of its global manufacturing services. In fiscal year 2020, Walgreens’ wholesale business brought in roughly $19 billion in revenue.
In turn, Walgreens...