VALLEY FORGE, Pa. — AmerisourceBergen Corp and Walgreens Boots Alliance (WBA) announced on Wednesday strategic agreements under which AmerisourceBergen will acquire the majority of WBA’s Alliance Healthcare businesses for approximately $6.5 billion, comprised of $6.275 billion in cash and 2 million shares of AmerisourceBergen common stock. Walgreens’ unit, Alliance Healthcare is one of the largest
VALLEY FORGE, Pa. — AmerisourceBergen Corporation announced that Tim Guttman, executive vice president and chief financial officer, has decided to retire from the company. James Cleary, executive vice president and group president, Global Commercialization Services and Animal Health, will succeed Guttman as executive vice president and chief financial officer. Guttman will step down as chief financial officer
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) is in negotiations to acquire drug distributor AmerisourceBergen Corp., according to published reports. Representatives of WBA executive vice chairman and chief executive officer Stefano Pessina made “a high-level outreach” to representatives of AmerisourceBergen chairman and CEO Steven Collis several weeks ago, The Wall Street Journal reported, citing people familiar
VALLEY FORGE, Pa. — AmerisourceBergen has ramped up its efforts to thwart opioid diversion and abuse. The pharmaceutical distributor on Thursday announced ongoing operational commitments to prevent opioid abuse and abuse in line with its initiatives to protect the supply chain. AmerisourceBergen said it will continue to use and enhance a sophisticated set of algorithms
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,
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
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
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
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
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
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
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
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,
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
