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Albertsons, McKesson expand deal

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SAN FRANCISCO and BOISE, Idaho — McKesson Corp. and Albertsons Cos. announced the signing of a five-year distribution agreement to include the sourcing and distribution of both branded and generic ­pharmaceuticals.

As part of the agreement, which goes into effect April 1, 2016, Albertsons’ network of nearly 1,700 pharmacies will benefit from McKesson’s proprietary OneStop generics program and the efficiency of McKesson’s daily direct-to-store service model for pharmaceutical products.

“We’ve worked with McKesson for several years, and they’ve consistently proven to us that they are a partner who can respond quickly to the wide variety of prescriptions we receive,” Albertsons chairman and chief executive officer Bob Miller said in a statement. “We’re excited that our expanded relationship with McKesson will allow us to continue delivering convenient solutions for every customer’s prescription needs across every neighborhood we serve.”

Boise-based Albertsons operates about 2,200 supermarkets in 33 states and the District of Columbia under such banners as Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market and Carrs.

“We are extremely excited about our expanded relationship with Albertsons,” stated John Hammergren, chairman and CEO of McKesson. “We have great confidence in the exceptional value we provide to our customers as a global leader in pharmaceutical supply chain solutions, and I appreciate the opportunity to work with Albertsons as partners in ensuring the highest levels of pharmaceutical product availability and service to its customers.”


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