Actionable news
0
All posts from Actionable news
Actionable news in ABC: AMERISOURCEBERGEN Corp,

AmerisourceBergen Announces Three Year Extension of Strategic, Long-Term Relationship with Walgreens Boots Alliance

VALLEY FORGE, Pa., May 05, 2016 (BUSINESS WIRE) -- AmerisourceBergen ABC, -1.39% today announced that it has extended the term of its strategic, long-term relationship with Walgreens Boots Alliance, Inc. for an additional three years. As a result, both the pharmaceutical distribution contract and the Walgreens Boots Alliance Development (WBAD) relationship have been extended to 2026. The extension includes an enhanced commitment from Walgreens Boots Alliance to utilize AmerisourceBergen as its key U.S. distribution partner, and AmerisourceBergen has agreed to make certain working capital investments in the relationship and will proceed with additional capital investments in its distribution network.

“We are thrilled to extend our innovative and highly successful partnership with Walgreens Boots Alliance, and we look forward to continuing to reap the rewards of this unique and collaborative relationship well beyond the original ten-year term,” said Steven H. Collis, Chairman, President and Chief Executive Officer of AmerisourceBergen.

About AmerisourceBergen

AmerisourceBergen is one of the largest global pharmaceutical sourcing and distribution services companies, helping both healthcare providers and pharmaceutical and biotech manufacturers improve patient access to products and enhance patient care. With services ranging from drug distribution and niche premium logistics to reimbursement and pharmaceutical consulting services, AmerisourceBergen delivers innovative programs and solutions across the pharmaceutical supply channel in human and animal health. With over $135 billion in annual revenue, AmerisourceBergen is headquartered in Valley Forge, PA, and employs approximately 18,000 people. AmerisourceBergen is ranked #16 on the Fortune 500 list. For more information, go to www.amerisourcebergen.com.

AmerisourceBergen's Cautionary Note Regarding Forward-Looking Statements

Certain of the statements contained in this press release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Words such as "expect," "likely," "outlook," "forecast," "would," "could," "should," "can," "will," "project," "intend," "plan," "continue," "sustain," "synergy," "on track," "believe," "seek," "estimate," "anticipate," "may," "possible," "assume,"...


More