SAN FRANCISCO and BOISE, Idaho, Sept. 15,
2015 /PRNewswire/ -- 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.
About Albertsons
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 Carrs.
Forward-Looking Statements
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.
McKesson Corporation Contacts:
Investors and Financial Media:
Erin Lampert
415-983-8391
Erin.Lampert@mckesson.com
General and Business Media:
Kris Fortner
415-983-8352
Kris.Fortner@mckesson.com
Albertsons Media Contact:
Brian Dowling
925-467-3787
Brian.Dowling@Albertsons.com
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SOURCE Albertsons; McKesson Corporation