"We are extremely excited about our expanded relationship with Albertsons"
SAN FRANCISCO & BOISE, Idaho--(BUSINESS WIRE)--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.
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.
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
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.