The 2020 Mid-Year Economic Update_long

AmerisourceBergen Agrees to Acquire Minority Stake in Profarma Distribuidora

AmerisourceBergen looks to expand into Brazilian market with acquisition.

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."

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.
Social Media Auto Publish Powered By :