VALLEY FORGE, Pa. — AmerisourceBergen Corp. plans to purchase pharmaceutical distributor H.D. Smith for $815 million in cash. The companies said that the transaction, pending regulatory review and other closing conditions, is expected to close in early 2018. Springfield, Ill.-based H.D. Smith, the nation’s largest private wholesaler, also operates CompleteCare Pharmacy, Smith Medical Partners, Triplefin
VALLEY FORGE, Pa. — AmerisourceBergen Corp. plans to acquire fellow pharmaceutical distributor H.D. Smith for $815 million in cash. The companies said late Monday that the transaction, pending regulatory review and other closing conditions, is expected to close in early 2018. Springfield, Ill.-based H. D. Smith, the nation’s largest independent wholesaler, also operates CompleteCare Pharmacy,
SPRINGFIELD, Ill. — H.D. Smith has recognized pharmaceutical and health product manufacturers with its annual Trading Partners of the Year awards. The drug wholesaler said each award category recognizes two winners — based on criteria including trade volume, trade policies and overall sales — for excellence across each key H.D. Smith product area. This year’s Trading
SPRINGFIELD, Ill., and PHOENIX — H.D. Smith and American Associated Pharmacies (AAP) plan to combine their pharmacy services administrative organizations (PSAOs) into a stand-alone PSAO entity. The companies said Monday that the joint venture, to be called the Arete Pharmacy Network, will merge H.D. Smith’s Third Party Network and AAP’s United Drugs and serve more
SPRINGFIELD, Ill. — H.D. Smith has unveiled a new executive leadership structure designed to better position the company to capitalize on trends in the health care market. The nation’s largest independent pharmaceutical wholesaler said Tuesday that Dale Smith has become chairman and chief executive officer of H.D. Smith Holding Co. He previously was chairman and
SPRINGFIELD, Ill. — H.D. Smith was named as a finalist for the Healthcare Distribution Management Association’s (HDMA) Distribution Management Award for its mobile controlled substance ordering system (CSOS). The pharmaceutical distributor said Tuesday that the mobile CSOS is the first of its kind offered by a U.S. wholesaler and is set to be rolled out
