McKesson to Expand Distribution Agreement with Albertsons
September 15 2015 - 4:10PM
Business Wire
Expanded relationship to ensure highest levels
of service for Albertsons' pharmacy customers
- McKesson to assume responsibility for
the sourcing and distribution of generic and brand pharmaceuticals
for nearly 1,700 pharmacies across the Albertsons’ 33-state
operating area
- Albertsons to benefit from the scale
and strength of McKesson’s proprietary OneStop® generics program
and efficiency of McKesson’s daily direct-to-store service model
for pharmaceutical products
- Distribution agreement extends through
April 2021
McKesson Corporation (NYSE:MCK) and Albertsons announced the
signing of a five-year distribution agreement to include the
sourcing and distribution of both branded and generic
pharmaceuticals, commencing on April 1, 2016. As part of the
agreement, Albertsons’ network of nearly 1,700 pharmacies in their
2,200 stores across the country will benefit from the scale and
strength of McKesson’s proprietary OneStop® generics program and
efficiency of McKesson’s daily direct-to-store service model for
pharmaceutical products.
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Both McKesson and Albertsons have a long history as trusted
partners in helping to impact patient care through quality products
and services. This agreement leverages the strength of McKesson as
a global leader in pharmaceutical sourcing and supply chain
management and the value, convenience and superior service that
make Albertsons' stores the favorite local supermarket and best
neighborhood destination for health and wellness needs.
“We are extremely excited about our expanded relationship with
Albertsons,” stated John H. Hammergren, chairman and chief
executive officer, McKesson Corporation. “We have great confidence
in the exceptional value we provide to our customers as a global
leader in pharmaceutical supply chain solutions and I appreciate
the opportunity to work with Albertsons as partners in ensuring the
highest levels of pharmaceutical product availability and service
to its customers.”
“Providing what our customers want is our top priority every
day. In our nearly 1,700 pharmacies, that means delivering
outstanding health and wellness services to each customer
regardless of what their needs may be,” said Bob Miller, chairman
and chief executive officer, Albertsons. “We’ve worked with
McKesson for several years, and they’ve consistently proven to us
that they are a partner who can respond quickly to the wide variety
of prescriptions we receive. We’re excited that our expanded
relationship with McKesson will allow us to continue delivering
convenient solutions for every customer’s prescription needs across
every neighborhood we serve.”
About McKesson Corporation
McKesson Corporation, currently ranked 11th on the FORTUNE 500,
is a healthcare services and information technology company
dedicated to making the business of healthcare run better. McKesson
partners with payers, hospitals, physician offices, pharmacies,
pharmaceutical companies and others across the spectrum of care to
build healthier organizations that deliver better care to patients
in every setting. McKesson helps its customers improve their
financial, operational, and clinical performance with solutions
that include pharmaceutical and medical-surgical supply management,
healthcare information technology, and business and clinical
services. For more information, visit www.mckesson.com.
About Albertsons
Albertsons is one of the largest food and drug retailers in the
United States, with both a strong local presence and national
scale. We operate stores across 33 states and the District of
Columbia under 18 well-known banners including Albertsons, Safeway,
Vons, Jewel-Osco, Shaw’s, Acme, Tom Thumb, Randalls, United
Supermarkets, Pavilions, Star Market and Carrs.
Forward-Looking Statements
Except for historical information contained in this press
release, matters discussed may constitute “forward-looking
statements” within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, that involve risks and
uncertainties that could cause actual results to differ materially
from those projected, anticipated or implied. These statements may
be identified by their use of forward-looking terminology such as
“believes”, “expects”, “anticipates”, “may”, “will”, “should”,
“seeks”, “approximately”, “intends”, “plans”, “estimates” or the
negative of these words or other comparable terminology. The reader
should not place undue reliance on forward-looking statements,
which speak only as of the date they are first made. Except to the
extent required by law, neither McKesson nor Albertsons undertakes
any obligation to publicly release the result of any revisions to
these forward-looking statements to reflect events or circumstances
after the date hereof, or to reflect the occurrence of
unanticipated events.
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McKesson Corporation Contacts:Investors and Financial
Media:Erin Lampert, 415-983-8391Erin.Lampert@mckesson.comorGeneral
and Business Media:Kris Fortner,
415-983-8352Kris.Fortner@mckesson.comorAlbertsons Media
Contact:Brian Dowling,
925-467-3787Brian.Dowling@Albertsons.com
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