Home Business AmerisourceBergen to purchase Alliance Healthcare in $6.5bn deal

AmerisourceBergen to purchase Alliance Healthcare in $6.5bn deal

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AmerisourceBergen has agreed to purchase Alliance Healthcare, a wholesale distributor owned by Walgreens Boots Alliance, for about $6.5bn.

The provide, comprised of $6.275bn in money and 2m AmerisourceBergen shares, comes three years after a possible deal for Walgreens to accumulate the pharmaceutical distributor fell by way of.

The 2 firms have already got a strategic partnership in place. As a part of the transaction, Walgreens and AmerisourceBergen have agreed to increase a US distribution settlement by three years to 2029. Alliance Healthcare may also stay a distribution accomplice for Boots for a decade.

Walgreens already owns a stake in AmerisourceBergen.

In late 2019 Walgreens explored a $70bn administration buyout with US personal fairness large KKR that may have delisted the retailer. The sale of Alliance Healthcare is prone to reignite hypothesis a few new try to take the pharmacy group personal.