Katz sells two business units to McKesson

January 31, 2012 by Chain Drug Review Daryl Katz, Dell Pharmacies, Drug Trading Co., John Hammergren, Katz Group Canada, McKesson, Medicine Shoppe Canada, ProPharm, Rexall Business, Retail News

TORONTO — Katz Group Canada has signed an agreement to sell Drug Trading Co., its banner pharmacy business, and Medicine Shoppe Canada, its franchise pharmacy business, to McKesson Corp. for about $920 million. As part of the transaction McKesson is entering into other ancillary agreements with Katz Group. Both Drug Trading and Medicine Shoppe Canada