McKesson completes Rexall acquisition in multi-billion dollar deal

January 9, 2017 11:36 pm

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North Amercia’s largest pharmaceutical distributor has purchased Canadian retail pharmacy chain, Rexall Health, for $2.9 billion.

McKesson Corporation will acquire approximately 470 Rexall stores as a result of the transaction. The completed deal was announced Dec. 28.

“[The] announcement marks a milestone for McKesson and Rexall Health. With complementary assets, industry expertise, and shared values, we will now serve our customers with enhanced retail pharmacy capabilities and a broader reach across Canada,” said John H. Hammergren, chairman and chief executive officer of McKesson Corporation.

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