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 rolled out VentureRx, a program to aid in the launch, sale or expansion of a pharmacy business. The pharmaceutical wholesaler said Friday that VentureRx is designed to initiate and fully support the start-up, purchase, sale and related transition strategies of an independent or regional chain pharmacy. For owners looking
PHOENIX — Arete Pharmacy Network LLC has acquired RxPride LLC, a pharmacy services administrative organization (PSAO) formerly owned by Smart-Fill Management Group Inc. Arete, which announced the deal Friday, said the addition of RxPride furthers its efforts to broaden its geographical footprint to extend the benefits of its PSAO programs and services to more independent
SPRINGFIELD, Ill. — Ross Davison has joined H.D. Smith as chief financial officer. The drug wholesaler said Tuesday that Davison will oversee all of the company’s financial functions, including accounting, treasury, planning and budgeting, tax, risk management, corporate capital structuring and investor relations. Most recently, Davison served as CFO as ResCare Inc., a Louisville, Ky.-based
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
COLORADO SPRINGS, Colo. — Henry Dale Smith Jr., chairman and chief executive officer of H.D. Smith Holding Co., has received the 2016 Nexus Award for Lifetime Achievement from the HDA Research Foundation. Smith was presented the award, the pharmaceutical distribution industry’s highest individual honor, at the Healthcare Distribution Alliance (HDA) 2016 Business and Leadership Conference
SPRINGFIELD, IL — H.D. Smith has made the 2016 InformationWeek Elite 100, a list of the top U.S. business technology innovators published by the IT journal InformationWeek. In this year’s ranking, H.D. Smith came in at No. 31, moving up from No. 99 a year ago. The nation’s largest independent drug wholesaler said that as
SCOTTSBORO, Ala. — Pharmacy cooperative American Associated Pharmacies (AAP) plans to acquire Partners in Pharmacy Cooperative (PIPCo). Financial terms of the acquisition weren’t disclosed. AAP said late Monday that PIPCo will be rebranded and operated under the AAP banner. Plans call for PIPCo employees to be integrated into AAP’s operations and for PIPCo’s Green Bay,
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. — Henry Dale Smith Sr., founder and chairman emeritus of H.D. Smith, the nation’s largest independent drug wholesaler, died at age 87. “The entire H.D. Smith family is deeply saddened by the loss of our founder and a pioneer in health care distribution,” said Henry Dale Smith Jr., his eldest son and current
SPRINGFIELD, Ill. — Henry Dale Smith Sr., founder and chairman emeritus of H.D. Smith, has died at age 87. The nation’s largest independent drug wholesaler said Monday that Smith passed away in Springfield, Ill., surrounded by family and loved ones. Smith founded H.D. Smith in January 1954, serving local pharmacies in the Midwest. A pharmacist
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
