Home » McKesson Agrees to Sell Specialty Pharmacy Operations
McKesson Agrees to Sell Specialty Pharmacy Operations
October 21, 2008
Walgreen Co., Deerfield, IL, has agreed to acquire Atlanta, GA-based McKesson Corp.'s specialty pharmacy operations, a business within McKesson's Specialty division. The acquisition includes the McKesson specialty pharmacy in Pittsburgh, PA, and IVPCARE based in Frisco, TX, with operations in Torrence, CA, Wilmington, MA, and St. Louis, MO. Terms of the agreement were not disclosed.
The acquisition of McKesson's specialty pharmacy operations offers the opportunity to grow our own specialty pharmacy business with preferred payor agreements," said Stanley B. Blaylock, president of Walgreens Health Services. "This transaction will broaden access for patients and clients in the fast-growing oncology area and other specialty areas including multiple sclerosis, rheumatoid arthritis and reproductive health services."
Walgreens Specialty Pharmacy LLC., a wholly-owned subsidiary of Walgreen Co, is a national provider of injectable and biopharmaceutical medications for patients with complex, chronic health and medical conditions.