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AmerisourceBergen Corp. (NYSE: ABC), Valley Forge, PA, a pharmaceuticals wholesaler, has agreed to acquire a minority stake in Profarma Distribuidora de Produtos Farmacêuticos S.A. (Profarma), a pharmaceutical wholesaler in Brazil. AmerisourceBergen expects to invest a total of approximately $100 million, with the transaction expected to close in June.
In addition, AmerisourceBergen and Profarma will establish a joint venture for specialty distribution and services. Each company will own a 50 percent stake in the joint venture.
“We are very excited to partner with Profarma as we continue to expand our reach into growing international markets,” said Steven H. Collis, president and CEO of AmerisourceBergen. “With its long-term macroeconomic growth outlook, favorable demographics and increasing access to healthcare services and specialty pharmaceuticals, the Brazilian market affords us a tremendous opportunity to expand our international offerings."