Walgreen Boots Alliance (WBA) is a pharmacy-led, health and wellbeing enterprise with a long history of trusted healthcare services, community pharmacy care, and pharmaceutical wholesaling dates.
Reportedly, Walgreens Boots Alliance and McKesson Corporation are entering into a joint venture to merge their respective pharmaceutical wholesale businesses in Germany. WBA is set to own a 70% equity share in the joint venture and McKesson the remaining 30%. The venture to enhance and improve services and operational activities ensuring utmost customer satisfaction. In addition to the above, the deal is also expected to broaden economies of scale, encourage the competitiveness of the German pharmaceutical wholesale market.
The transaction is expected to close in at least 6 months and does not include any other WBA or McKesson businesses outside of the German wholesale activities. Financial terms of the agreement have not been disclosed yet.
Ornella Barra, Co-Chief Operating Officer, WBA, stated: “Combining our wholesale operations is the right decision to secure the long-term success of both businesses. This is a strategic step that will offer benefits for all. We are creating a sustainable company to drive success for our customers and the German healthcare system.”
To learn more about Walgreen Boots Alliance (WBA) and to continue to track its progress please visit the Vista Partners Walgreens Boots Alliance Page.
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