ECRM_1170x120_8-1-17

Steven Collis

AmerisourceBergen to buy H.D. Smith

AmerisourceBergen to buy H.D. Smith

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,

AmerisourceBergen revamps operating model

AmerisourceBergen revamps operating model

VALLEY FORGE, Pa. — AmerisourceBergen Corp. said it has reorganized its operating model and leadership to meet customer needs “in a more seamless and unified way.” The pharmaceutical distributor announced Monday that its customer-facing offerings are now aligned under two groups: Pharmaceutical Distribution and Strategic Global Sourcing, and Global Commercialization Services and Animal Health. The

Nightengale takes reins at Good Neighbor Pharmacy

CONSHOHOCKEN, Pa. — Brian Nightengale has succeeded Dave Neu as president of AmerisourceBergen Corp.’s Good Neighbor Pharmacy. Neu, who has also been executive vice president of retail strategy at AmerisourceBergen, will retire this summer after more than three decades with the company. Nightengale had been president of Xcenda, AmeriscourceBergen’s health economics and outcomes consultancy. He

WBA, AmerisourceBergen extend pact

VALLEY FORGE, Pa. — AmerisourceBergen announced earlier this month that it has extended the term of its strategic, long-term relationship with Walgreens Boots Alliance Inc. (WBA) for an additional three years. The move extends the pharmaceutical distribution contract and the Walgreens Boots Alliance Development relationship to 2026. The extension includes an enhanced commitment from WBA

AmerisourceBergen, WBA extend relationship

AmerisourceBergen, WBA extend relationship

VALLEY FORGE, Pa. — AmerisourceBergen Corp. has extended its strategic partnership with Walgreens Boots Alliance (WBA) Inc. for another three years. AmerisourceBergen said Thursday that its drug distribution contract with WBA and relationship with Walgreens Boots Alliance Development (WBAD) have been lengthened to 2026. AmerisourceBergen and then-merger partners Walgreen Co. and Alliance Boots had announced

Good Neighbor Pharmacy president Neu to retire

Good Neighbor Pharmacy president Neu to retire

CONSHOHOCKEN, Pa. — David Neu, executive vice president of retail strategy at AmerisourceBergen Corp. and president of its Good Neighbor Pharmacy network, plans to retire this summer. AmerisourceBergen said Friday that Brian Nightengale, president of company subsidiary Xcenda, a health economics and outcomes consultancy, will take over as Good Neighbor Pharmacy president effective immediately. The

WBA increases its stake in AmerisourceBergen

WBA increases its stake in AmerisourceBergen

DEERFIELD, Ill. — As part of a long-term partnership announced three years ago, Walgreens Boots Alliance (WBA) is enlarging its equity stake in AmerisourceBergen. WBA said Friday that it has exercised warrants to buy more than 22,696,912 shares of AmerisourceBergen common stock for about $1.17 billion. The transaction was funded with cash on hand, and

Collis becomes chairman of AmerisourceBergen

Collis becomes chairman of AmerisourceBergen

PHILADELPHIA — AmerisourceBergen Corp. president and chief executive officer of Steven Collis has taken the reins as chairman. Collis takes over from Richard Gozon, who has retired. The planned succession, announced in November, transpired at the close of AmerisourceBergen’s annual shareholders meeting Thursday in Philadelphia. Collis has served as a director of the pharmaceutical distributor

AmerisourceBergen’s Collis to become chairman

AmerisourceBergen’s Collis to become chairman

VALLEY FORGE, Pa. — Steven Collis, president and chief executive officer of AmerisourceBergen Corp., has been named to succeed Richard Gozon as chairman. The company said Wednesday that Collis is slated to become chairman upon Gozon’s retirement at AmerisourceBergen’s annual shareholders meeting on March 3, 2016. Also at the meeting, current board member Jane Henney,

AmerisourceBergen to buy PharMEDium for $2.6 billion

AmerisourceBergen to buy PharMEDium for $2.6 billion

VALLEY FORGE, Pa. — AmerisourceBergen Corp. plans to acquire PharMEDium Healthcare Holdings, Inc., a national provider of outsourced compounded sterile preparations (CSPs) to acute care hospitals, in a $2.575 billion cash deal. AmerisourceBergen said Tuesday that PharMEDium, which is being purchased from private investment firm Clayton, Dubilier & Rice, is the leading provider of customized outsourced

AmerisourceBergen plans $2.4 billion in share repurchases

AmerisourceBergen plans $2.4 billion in share repurchases

VALLEY FORGE, Pa. — The board of directors at AmerisourceBergen Corp. has authorized a special $2.4 billion share repurchase program. AmerisourceBergen said Tuesday the new stock buyback program will facilitate the execution of its previously announced warrant hedging strategy as well as mitigate the dilution of shareholders’ ownership interests that may result from the issuance

AmerisourceBergen creates nonprofit foundation

AmerisourceBergen creates nonprofit foundation

CONSHOHOCKEN, Pa. — AmerisourceBergen Corp. has launched the AmerisourceBergen Foundation, a nonprofit charitable organization that provides grants to health- and pharmaceutical-related causes and educational opportunities. The drug distributor said Thursday that the AmerisourceBergen Foundation focuses on health and wellness initiatives that improve patient outcomes, including pharmaceutical accessibility programs, pharmaceutical adherence programs and health improvement research.

Barra joins AmerisourceBergen board

VALLEY FORGE, Pa. — Ornella Barra, executive vice president of Walgreens Boots Alliance Inc. (WBA), has been elected to the board of directors at AmerisourceBergen Corp. Barra, who also serves as president and chief executive officer of global wholesale and international retail, fills the vacancy created by Greg Wasson’s resignation from the board on January 9.