AmerisourceBergen fosters a positive impact on the health of people and communities around the world by advancing the development and delivery of pharmaceuticals and healthcare products. offer to purchase nor a solicitation of an offer to sell shares of MWI common The $190.00 per closing of the tender offer. amerisourcebergen.com. The expansion of ICS footprint distinguishes the organizations ability to AmerisourceBergen is a pharmaceutical sourcing and distribution services company, helping both healthcare providers and pharmaceutical and biotech manufacturers improve patient access to products and care. The transaction values OneOncology at $2.1 billion. J.P. Morgan acted as financial advisor . Management believes that this non-GAAP financial measure is useful to investors because it eliminates the per share impact of the items that are outside the control of the Company or that we consider to not be indicative of our ongoing operating performance due to their inherent unusual, non-operating, unpredictable, non-recurring, or non-cash nature. tender offer with the SEC. The transaction will be slightly dilutive in the current financial year for Walgreens Boots Alliance, but will be accretive longer-term. The strategic acquisition of PharmaLex will expand our global platform of biopharma services, further advancing the strategy we detailed at our recent Investor Day, said Steven H. Collis, Chairman, President & Chief Executive Officer. distribution and services businesses. receive new, life-saving treatments as soon as possible. AmerisourceBergen employees rate the overall compensation . We are dedicated to creating a sustainable work-life balance to support our highly motivated team in this fun and challenging environment. VALLEY FORGE, Pa. (January 22, 2020) - AmerisourceBergen has enhanced its logistics offering by integrating two of its businesses, World Courier, a global logistics provider, and ICS, a third party logistics (3PL) provider, creating the first and only specialty logistics partner to deliver complete support from clinical trials through commercialization. Alliance Healthcares results will be reported in Other for the remainder of fiscal year 2021. unanimously approved the transaction. With Alliance Healthcare, we will advance our ability to provide innovative and global healthcare solutions and further our purpose of being united in our responsibility to create healthier futures. As a leading global healthcare company, with a foundation in pharmaceutical distribution and solutions for manufacturers, pharmacies and providers, we create unparalleled access, efficiency and reliability for human and animal health. Contact: Bennett S. Murphy manage complex logistics and its dedication to improving the effectiveness of The non-GAAP financial measures are presented because management uses non-GAAP financial measures to evaluate AmerisourceBergens operating performance, to perform financial planning, and to determine incentive compensation. AmerisourceBergen has acquired 14 companies, including 1 in the last 5 years. ET. by the SEC at www.sec.gov, by directing a request to AmerisourceBergen at The Company now expects: The Company continues to have strong performance across its businesses and expects to update the rest of its previously announced fiscal 2021 financial guidance when it reports results for the third quarter of fiscal 2021. Lauren Esposito It has also divested 3 assets. manufacturers regardless of size of the operation and across the commercialization AmerisourceBergen expects to maintain its strong investment grade credit rating, and the positive contribution to cash generation will support debt reduction in the years following transaction close. Conshohocken, Pa AmerisourceBergen Corporation (NYSE: ABC) today announced the completion of its acquisition of the majority of Walgreens Boots Alliance's Alliance Healthcare businesses for $6.275 billion in cash, subject to a customary working capital and net . share, representing a $2.5 billion fully diluted equity value. Supplemental Information Regarding AmerisourceBergens Non-GAAP Financial Measures. AmerisourceBergen expects synergies from the acquisition of Alliance Healthcare to ramp to an annual run-rate of $75 million in the fourth year. Forward-Looking Statements Emails sent by PharmaLex will originate from @pharmalex.com. Enter the username and email address associated with your account. tender offer statement, containing an offer to purchase, a form of letter of Adjusted diluted EPS should be viewed in addition to, and not in lieu of, financial measures calculated in accordance with GAAP. The Company undertakes no obligation to publicly update or revise any forward-looking statements, except as required by the federal securities laws. Walgreens Boots Alliance is the largest shareholder of AmerisourceBergen with a stake of nearly 30 percent, and Ornella Barra, Co-Chief Operating Officer, Walgreens Boots Alliance, is a Board Member of AmerisourceBergen. This deal will enable significant value creation for both companies and will generate new synergies in addition to those already captured. Note: FY22 GAAP Operating Income of $2,366M. materially from current expectations because of risks associated with For more information, go to www.amerisourcebergen.com. 1. Words such as expect, likely, outlook, forecast, would, could, should, can, project, intend, plan, continue, sustain, synergy, on track, believe, seek, estimate, anticipate, may, possible, assume, variations of such words, and similar expressions are intended to identify such forward-looking statements. We are proud of what our employees say about us. This acquisition is expected to have no impact on AmerisourceBergens dividend policy. Together, these agreements are expected to create incremental growth, synergies and efficiencies. today announced that they have entered into a definitive merger agreement for From outside the U.S., dial +1 (412)-317-0088. fulfillment. Certain of the statements contained in this press release are "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 (the "Securities Exchange Act"). Our 41,000 global team members power our purpose: We are united in our responsibility to create healthier futures. ourselves to change through investments and innovation in order to meet the to rely unduly on these forward-looking statements. Walgreens Boots Alliance (Nasdaq: WBA) is a global leader in retail and wholesale pharmacy, touching millions of lives every day through dispensing and distributing medicines, its convenient retail locations, digital platforms and health and beauty products. With services ranging from drug distribution and niche Because forward-looking statements inherently involve risks and uncertainties, actual future results may differ materially from those expressed or implied by such forward-looking statements. healthcare, said Peter Belden, President of ICS. addition of the newest facility in Ohio, ICS now has more than 925,000 square-feet Therefore, the Company believes that the presentation of the non-GAAP financial measure provides useful supplementary information to, and facilitates additional analysis by, investors. These supplemental measures may vary from, and may not be comparable to, similarly titled measures by other companies. This strategic agreement with AmerisourceBergen, which we consider to be the worlds leading pharmaceutical wholesaler, is a very positive development for the two companies. and other business partners; other risks and uncertainties pertaining to the AmerisourceBergen is ranked #12 on the Fortune 500, with The acquisition of PharmaLex will build upon AmerisourceBergens existing European presence in pharmaceutical distribution and biopharma manufacturer services capabilities, advancing several of AmerisourceBergens strategic imperatives and strengthening its differentiated position to capture significant growth opportunities in the biopharma market. No access code is required. More than a third-party logistics provider, ICS is your strategic partner. lesposito@amerisourcebergen.com. (610) 727-7000 stakeholders. call can be accessed by dialing 612-234-9960. increase supply chain efficiency, maximize return on investments and enhance bmurphy@amerisourcebergen.com, Media: The dial-in number for the live call will be (844) 808-6694. At MII, an ABC subsidiary located in Alabama, the drug product was removed from the original glass vials and multiple vials of the product were pooled in untested plastic containers. J.P. Morgan Securities LLC is serving as exclusive financial advisor and Cravath, Swaine & Moore LLP, Hogan Lovells International LLP and Morgan, Lewis & Bockius LLP are serving as legal advisors to AmerisourceBergen. Furthermore, Alliance Healthcare UK will remain the distribution partner of Boots until 2031. the potential benefits of a transaction with MWI and the ability of The telephone replay will also be available approximately two hours after completion of the call and will remain available for seven days. J.P. Morgan acted Such forward-looking statements may include, without limitation, statements about the proposed acquisition and related strategic transactions, the expected timetable for completing the proposed acquisition and related strategic transactions, the benefits and synergies of the proposed acquisition and related strategic transactions, future opportunities for AmerisourceBergen and WBA and any other statements regarding AmerisourceBergens, Alliance Healthcares or WBAs future operations, financial or operating results, capital allocation, dividend policy, debt ratio, anticipated business levels, future earnings, planned activities, anticipated growth, market opportunities, strategies, competitions, and other expectations and targets for future periods. anticipated changes in the business environment in which AmerisourceBergen or products of all sizes, temperatures and storage needs. VALLEY FORGE, Pa. - AmerisourceBergen has enhanced its logistics offering by integrating two of its businesses, World Courier, a global logistics provider, and ICS, a third party logistics (3PL) provider, creating the first and only specialty logistics partner to deliver complete support from clinical trials through commercialization.The integration offers enhanced global capabilities for . [20], AmerisourceBergen is among several distributors that have been sued by West Virginian governments for contributing to the Opioid epidemic, by shipping inordinate amounts of pain medication into the state. customary closing conditions. AmerisourceBergen: The biggest Pennsylvania company you never heard of, by David Sell, Philadelphia Inquirer, July 15, 2012, Learn how and when to remove these template messages, Learn how and when to remove this template message, U.S. Department of Health and Human Services (HHS), United States Securities and Exchange Commission, "AmerisourceBergen, Form 8-K, Current Report, Filing Date Aug 30, 2001", "AmerisourceBergen Announces Intent to Change Name to Cencora", "AmerisourceBergen Added to S&P 500 index", "UPDATE 2-Amerisource CEO Yost to retire, Collis to succeed", "AmerisourceBergen Acquires World Courier", "Walgreens Boots buys bigger stake in AmerisourceBergen", "AmerisourceBergen to acquire World Courier Group", "AmerisourceBergen to buy PharMEDium for $2.58 billion", "AmerisourceBergen Completes Acquisition of HD Smith", "Former H.D. This communication may contain forward-looking statements concerning The Company undertakes no obligation to publicly update or revise any forward-looking statements, except as required by the federal securities laws. pharmaceutical supply chain. and a part of AmerisourceBergen, announced With nearly $120 billion in annual revenue, VALLEY FORGE, PA. & BOISE, IDAHO -- Overall. Walgreens Boots Alliance Reports Fiscal 2023 Second Quarter Results, HLTH Conference 2022: Key learnings from 5 WBA leaders, WBA CEO Roz Brewer debuts class on business innovation with MasterClass, New mental health resources help team members Be Well Connected, Expand Environmental, Social & Governance, Collapse Environmental, Social & Governance, Meet Shireen Quadri, pharmacy operations lead, Boots UK, Meet Dwight Washington, Jr., manager, area and micro-fulfillment asset protection, Walgreens, The U.S. Healthcare leaders improving health outcomes for minorities, Walgreens Transitional Work Group sets standard in disability hiring, AmerisourceBergen and Walgreens Boots Alliance Announce Strategic Transaction, Walgreens Boots Alliance Completes Strategic Transaction with AmerisourceBergen Divesting Alliance Healthcare Businesses, Introducing No7 Beauty Company: A New and Dynamic Consumer-Led Beauty Business by Walgreens Boots Alliance, to Serve Everyone, Walgreens Further Expands Financial Services Strategy, Modern Slavery and Human Trafficking Statement, The Companies (Miscellaneous Reporting) Regulations 2018 (UK). Products we sell include pharmaceuticals, vaccines, www.amerisourcebergen.com. third full year, driven primarily by the benefits of AmerisourceBergens scale These syringes were sold throughout the United States. Winnebago Industries Inc WGO: WINNEBAGO INDUSTRIES COMPLETES ACQUISITION OF LITHIONICS BATTERY. needs for specialty services, such as time-sensitive and ultra-frozen The companys businesses have been recognized for their Corporate Social Responsibility. This transaction provides great benefit for both companies and is a logical step following the continued success of our long-term strategic relationship, said Ornella Barra, Chief Operating Officer, International, Walgreens Boots Alliance, Inc. The Alliance Healthcare teams are joining a global pharmaceutical distribution leader and trusted partner in AmerisourceBergen, and we look forward to continuing to work together as strategic partners. The tender offer is conditioned on MWIs stockholders They also distribute a line of brand name and generic pharmaceuticals, over-the-counter (OTC) health care products and home health care supplies . The Companys most targeted sectors include healthcare services (36%) and distribution (22%). Our annual report provides detailed information on our ESG performance and highlights our commitment to building partnerships and operations that benefit society and the environment. The acquisition of Alliance Healthcare expands our reach and solutions in pharmaceutical distribution and adds to AmerisourceBergens breadth and depth of global manufacturer services. Upon closing, the acquisition of PharmaLex is expected to be approximately $0.15 accretive to AmerisourceBergen's adjusted diluted EPS (a non-GAAP financial measure defined herein) for the last seven months of its fiscal year 2023, which would contribute to AmerisourceBergen's previously disclosed fiscal year 2023 growth target from capital . Fiscal Year 2021 Expectations on an Adjusted (non-GAAP) Basis The company provides tech-enabled services ranging from clinical development consulting to marketing authorization, enabling clients to efficiently bring products to global markets and diverse patient populations. The investment further strengthens AmerisourceBergen's solutions in specialty. The transaction will fuel higher future investments to grow and transform our core retail pharmacy and healthcare businesses, and is EPS accretive long-term for Walgreens Boots Alliance., AmerisourceBergens vital role in the health system as a key pillar of pharmaceutical innovation and access has been on full display over the past year, said Steven Collis, Chairman, President & Chief Executive Officer of AmerisourceBergen. These announcements between the two global enterprises continue to build on the close partnership and strong foundation that began in 2013. DEAL STATS. Investors: AmerisourceBergen to Acquire Xcenda LLC for $25M. Adjusted EPS for fiscal 2023 is estimated between $11.50 and $11.75 . Visually, we carry the AmerisourceBergen name in our logo, and so naturally this will . ABC excluded the entire PFS Program from its standard regulatory audit and pedigree compliance programs. will be webcast beginning at 3:00 pm Pacific time, and the breakout session The Company's most targeted sectors include . For the same reasons, the company is unable to address the probable significance of the unavailable information. It is a logical step following the success of our long-term strategic relationship with AmerisourceBergen which has been a strong and trusted partner since 2013, said Stefano Pessina, Executive Vice Chairman and CEO, Walgreens Boots Alliance. environment, and ultimately accelerates time to market to ensure patients can As the largest facility within the ICS network, the new The lawsuit alleged that the company's actions helped fuel Oklahoma's opioid crisis. any decisions with respect to the tender offer. Title Model is a unique distribution solution allowing ICS to take title of the product on behalf of pharmaceutical manufacturers. Actual results may differ medication, optimizing supply chain efficiency and enhancing patient care. AmerisourceBergen is committed to building on our leadership in specialty services through a continued focus on innovation and partnerships, and by acquiring PharmaLex, we will be able to further enhance our value proposition to pharmaceutical manufacturers, from emerging biotechs to global biopharmaceutical leaders. approximately 14,000 people. Health Economics, Market Access & Regulatory Consulting, Patient Access, Affordability & Adherence Services, Global Storage, Transport & Outsourced Logistics. They also distribute a line of brand name and generic pharmaceuticals, over-the-counter (OTC) health care products and home health care supplies and equipment to health care providers throughout the United States, including acute care hospitals and health systems, independent and chain retail pharmacies, mail-order facilities, physicians, clinics and other alternate site facilities, as well as nursing and assisted living centers. 5d. The Company does not provide forward looking guidance on a GAAP basis for such metric because certain financial information, the probable significance of which cannot be determined, is not available and cannot be reasonably estimated. The non-GAAP financial measure should be viewed in addition to, and not in lieu of, financial measures calculated in accordance with GAAP. The company is proud of its contributions to healthy communities, a healthy planet, an inclusive workplace and a sustainable marketplace. Read the latest press releases and media mentions. ABC retained the unopened vials and sold them to other customers and to its subsidiary ABDC for resale. These statements are based on current expectations of the management of AmerisourceBergen (the Company) and are subject to uncertainty and changes in circumstances and speak only as of the date hereof. The access code for the replay is 10151119. The profit from the PFS Program was between $2.3 and $14.4 million annually for a total profit of at least $99.6 million. demands of todays customers and patients. stockholders, and we look forward to continuing our success as part of Francisco on January 15, 2015. pharmaceutical and biotech manufacturers improve patient access to products and forward-looking statements, whether as a result of new information, future transmittal and other related tender offer documents with the SEC, and MWI will
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