Sunday, March 3, 2024 Mar 3, 2024
62° F Dallas, TX
Advertisement
Mergers and Acquisitions

McKesson and Walgreens Boots Alliance Form Joint Venture

By |

Retail pharmacy giants Walgreens Boots Alliance is forming a joint venture with Irving-based McKesson Corp. to combine their pharmaceutical wholesale businesses in Germany.

WBA will control 70 percent of the venture and McKesson the remaining 30. The combination is limited to the German wholesale activity of the two companies and won’t impact any other operations.

“Combining our wholesale operations is the right decision to secure the long-term success of both businesses,” said Ornella Barra, Co-Chief Operating Officer of WBA via release. “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.”

“We are excited to join forces with Walgreens Boots Alliance, and through this strategic partnership we are securing the future of pharmaceutical distribution in the German market,” says Kevin Kettler, chairman of McKesson Europe’s management board via release. “This transaction provides a unique opportunity to drive operational success in a complex environment.”

Related Articles

Image
Restaurant Reviews

The Best Steakhouses in Dallas

The leader remains the same, but a few upstarts have rocked the rankings in a steak scene that has changed dramatically over the last several years.
By Eve Hill-Agnus and Brian Reinhart
Image
Dallas History

D Magazine’s 50 Greatest Stories: Heartbroken at the Stoneleigh

"Heartbreak Hotel" captures a very different bar at the Stoneleigh Hotel and a very different Dallas in 1977.
Image
Restaurants & Bars

Find Your Next Favorite Bottle at Ampelos Wines in Bishop Arts

And don’t sleep on the “Wine-Dow,” a patio window through which you can order a glass to sip on al fresco.
Advertisement