Reportedly, Walgreen Boots Alliance (WBA) and McKesson Corporation have reached an agreement for WBA to acquire the remaining 30% share of the joint venture of GEHE Pharma Handel (GEHE) and Alliance Healthcare Deutschland (AHD). The deal will allow WBA to become the 100% owner of the combined GEHE and Alliance Healthcare businesses in Germany. GEHE and AHD successfully combined their operations in the German pharmaceutical market on November 1, 2020, where WBA became the 70% owner of the joint venture with McKesson holding the remaining 30%.
The financial terms of the transaction have not been disclosed, and the transaction is subject to regulatory clearance by the authorities.
Walgreen Boots Alliance (WBA) is a pharmacy-led, health and well-being enterprise with a long history of trusted healthcare services, community pharmacy care, and pharmaceutical wholesaling dates. 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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