customers unique set of requirements. Products we sell include pharmaceuticals, vaccines, We are leading provider of specialized services for the pharmaceutical, biotech and medical device industries, compliance is our priority. These supplemental non-GAAP financial measures should not be considered superior to, as a substitute for or as an alternative to, and should be considered in conjunction with, the GAAP financial measures presented in the press release. respective businesses of AmerisourceBergen and MWI detailed in their respective fulfillment. pharmaceutical 3PL provider with ISO 9001:2015 certification, ICS is VALLEY FORGE, Pa - AmerisourceBergen Corporation (NYSE: ABC) today announced that it has signed a definitive agreement to purchase World Courier Group, Inc., a privately held leading global specialty transportation and logistics provider for the biopharmaceutical industry, for $520 million in cash. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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. The company is headquartered in Valley Forge, Pa. and has a presence in 50+ countries. AmerisourceBergen Adds FirstView Financial to its Suite of Manufacturer Keep reading. 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. In October, On January 3, 2018, AmerisourceBergen acquired H. D. Smith, the largest privately-held national pharmaceutical, On June 2, 2021, AmerisourceBergen acquired Alliance Healthcare from, This page was last edited on 24 March 2023, at 06:32. Pennsylvania Distribution with Acquisitions, Pennsylvania Distribution with Divestitures, Recently Acquired United States Companies, M&A research that takes seconds (not all afternoon), Better understand your customers and prospects. The access code for the replay is 10151119. Who We Are | ICS demands of todays customers and patients. It has also divested 3 assets. As we pursue our purpose, we make a positive impact on the health of people and animals around the world. Evercore is serving as financial advisor, and Freshfields Bruckhaus Deringer LLP and Sidley Austin LLP are serving as legal advisors to AmerisourceBergen. AmerisourceBergen was founded in 2001 and is based in Conshohocken, Pennsylvania. the March quarter of 2015. Sign in to your account Sign in to your specialty distribution account (legally known as ASD Healthcare) AmerisourceBergen agrees 5.3bn deal for Alliance Healthcare AmerisourceBergen is ranked #10 on the Fortune 500 with more than $200 billion in annual revenue. These supplemental measures may vary from, and may not be comparable to, similarly titled measures by other companies. 5d. ICS Opens New Third-Party Logistics Pharmaceutical Distribution Center Enhancing our industry by delivering high-quality specialist training courses. Why ICS | ICS as financial advisor, and Dechert LLP provided legal advice to MWI. the transactions on the respective businesses of AmerisourceBergen and MWI and Building An Integrated Biopharma Commercialization Services Offering ICS - AmerisourceBergen is a Pharmaceutical Manufacturing, Drug Stores & Pharmacies, and Healthcare Logistics company located in Frisco, Texas with $47.00 Million in revenue and 397 employees. Includes $5M of intersegment eliminations. We are aware of a number of suspicious emails about recruitment in circulation purporting to be from PharmaLex. robust end-to-end, integrated solutions for improving access to specialty 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. AmerisourceBergen expects synergies from the acquisition of Alliance Healthcare to ramp to an annual run-rate of $75 million in the fourth year. AmerisourceBergen expects to finance the transaction through a combination of [31], In October 2018, AmerisourceBergen agreed to pay $625 million to settle civil fraud allegations resulting from its repackaging and sale of adulterated drugs and unapproved new drugs, double billing and providing kickbacks to physicians. The non-GAAP financial measure should be viewed in addition to, and not in lieu of, financial measures calculated in accordance with GAAP. The transaction values OneOncology at $2.1 billion. This enhanced portal is easy to use and will create efficiencies that will increase productivity for all users. Feds sue AmerisourceBergen over 'hundreds of thousands' of alleged opioid violations. Among the factors that could cause actual results to differ materially from those projected, anticipated, or implied are the following: the effect of and uncertainties related to the ongoing COVID-19 pandemic (including any government responses thereto) and any continued recovery from the impact of the COVID-19 pandemic; our ability to achieve and maintain profitability in the future; our ability to respond to general economic conditions; our ability to manage our growth effectively and our expectations regarding the development and expansion of our business; the impact on our business of the regulatory environment and complexities with compliance; unfavorable trends in brand and generic pharmaceutical pricing, including in rate or frequency of price inflation or deflation; competition and industry consolidation of both customers and suppliers resulting in increasing pressure to reduce prices for our products and services; changes in the United States healthcare and regulatory environment, including changes that could impact prescription drug reimbursement under Medicare and Medicaid and declining reimbursement rates for pharmaceuticals; increasing governmental regulations regarding the pharmaceutical supply channel; continued federal and state government enforcement initiatives to detect and prevent suspicious orders of controlled substances and the diversion of controlled substances; continued prosecution or suit by federal and state governmental entities and other parties (including third-party payors, hospitals, hospital groups and individuals) of alleged violations of laws and regulations regarding controlled substances, and any related disputes, including shareholder derivative lawsuits; increased federal scrutiny and litigation, including qui tam litigation, for alleged violations of laws and regulations governing the marketing, sale, purchase and/or dispensing of pharmaceutical products or services, and associated reserves and costs; failure to comply with the Corporate Integrity Agreement; the outcome of any legal or governmental proceedings that may be instituted against us, including material adverse resolution of pending legal proceedings; the retention of key customer or supplier relationships under less favorable economics or the adverse resolution of any contract or other dispute with customers or suppliers; changes to customer or supplier payment terms, including as a result of the COVID-19 impact on such payment terms; the possibility that various conditions to the consummation of the acquisition of PharmaLex may not be satisfied or that their satisfaction may be delayed; uncertainties as to the timing of the consummation of the acquisition of PharmaLex; unexpected costs, charges or expenses resulting from the acquisition of PharmaLex; the integration of the PharmaLex business into the Company being more difficult, time consuming or costly than expected; the effects of disruption from the acquisition on the respective businesses of the Company and PharmaLex and the fact that the acquisition may make it more difficult to establish or maintain relationships with employees, suppliers and other business partners; the PharmaLex business not performing as expected, or the inability to capture all of the anticipated benefits of the acquisition of PharmaLex or to capture the anticipated benefits within the expected time period; managing foreign expansion, including non-compliance with the U.S. Foreign Corrupt Practices Act, anti-bribery laws, economic sanctions and import laws and regulations; our ability to respond to financial market volatility and disruption; changes in tax laws or legislative initiatives that could adversely affect the Companys tax positions and/or the Companys tax liabilities or adverse resolution of challenges to the Companys tax positions; the loss, bankruptcy or insolvency of a major supplier, or substantial defaults in payment, material reduction in purchases by or the loss, bankruptcy or insolvency of a major customer, including as a result of COVID-19; financial and other impacts of COVID-19 on our operations or business continuity; changes to the customer or supplier mix; malfunction, failure or breach of sophisticated information systems to operate as designed, and risks generally associated with cybersecurity; risks generally associated with data privacy regulation and the international transfer of personal data; financial and other impacts of macroeconomic and geopolitical trends and events, including the war in Ukraine and its regional and global ramifications; natural disasters or other unexpected events, such as additional pandemics, that affect the Companys operations; the impairment of goodwill or other intangible assets (including any additional impairments with respect to foreign operations), resulting in a charge to earnings; the Companys ability to manage and complete divestitures; the disruption of the Companys cash flow and ability to return value to its stockholders in accordance with its past practices; interest rate and foreign currency exchange rate fluctuations; declining economic conditions in the United States and abroad; and other economic, business, competitive, legal, tax, regulatory and/or operational factors affecting the Companys business generally. AmerisourceBergen, MWI and the proposed transaction, which describe or are will be webcast beginning at approximately 3:30 pm Pacific time. AmerisourceBergen and MWI will host a conference call Monday, January The transaction, which is expected to close by AmerisourceBergens fiscal year-end 2021, is subject to the satisfaction of customary closing conditions, including receipt of required regulatory approvals. The AmerisourceBergen was founded in 2001 and is based in Conshohocken, Pennsylvania. Weighted average shares of at least 208 million, raised from the previous expectation of between 207 million and 208 million for the fiscal year. To learn more about our new corporate identity click here. The company is headquartered in The transaction will advance AmerisourceBergens role as partner of choice for biopharmaceutical manufacturers by enhancing AmerisourceBergens global portfolio of solutions to support manufacturer partners across the pharmaceutical development and commercialization journey. ABC Order Adjusted diluted EPS: For fiscal year 2021, adjusted diluted EPS excludes the per share impact of certain adjustments including gain from antitrust litigation settlements; LIFO expense (credit); acquisition-related intangibles amortization; and employee severance, litigation, and other; in each case net of the tax effect calculated using the applicable effective tax rate for those items. More than a third-party logistics provider, ICS is your strategic partner. Lauren Esposito Through an aggressive acquisition and diversification strategy, CooperSurgical is a leading family health related company with an unparalleled Womens . Having the ability to invest in sustainable environmental and social wellbeing is an important part of our attitude to business as well as helping to reinforce our values. The Company does not provide forward-looking guidance on a GAAP basis as certain financial information, the probable significance of which cannot be determined, is not available or cannot be reasonably estimated. companion animal and production animal markets, and also offer our customers a WBAs purpose is to help people across the world lead healthier and happier lives. [32], As part of the civil settlement, ABC admitted that between January 2001 and January 2014, MII and OSC operated a program that created, packed and shipped millions of PFS to oncology practices for administration to vulnerable cancer patients (the PFS Program). This communication is for informational purposes only and it is neither an TPG and AmerisourceBergen to Acquire Leading Specialty Practice Network September 06, 2011 07:30 AM Eastern Daylight Time. The presentation medication, optimizing supply chain efficiency and enhancing patient care. Utilizing AmerisourceBergens knowledge Effective from Walgreens Boots Alliance second quarter FY2021 earnings, the businesses sold will be classified as businesses held for sale with FY2020 revenues of approximately $19 billion, and adjusted EBITDA of approximately $540 million. bmurphy@amerisourcebergen.com, Media: Senior Vice President, Investor Relations AmerisourceBergens financial and strategic position enable this next evolution of enhancing our ability to provide healthcare capabilities across regions and deliver innovative solutions for our upstream and downstream partners. Karl has been with ICS since March of 2003 and was a consultant for our ERP solution for 5 years prior to joining the company. 2. forward-looking statements. AmerisourceBergen Mergers and Acquisitions Summary | Mergr The expansion of ICS footprint distinguishes the organizations ability to AmerisourceBergen's shares traded at over $88 per share, and its market capitalization was valued at over US$19.2 billion in September 2019. Investor Relations, AmerisourceBergen, 1300 Morris Drive, Chesterbrook, PA Investors: Upon closing, the acquisition of Alliance Healthcare is expected to deliver high-teens percentage accretion to AmerisourceBergen's adjusted diluted EPS in the first fiscal year. Reasons to Retain AmerisourceBergen (ABC) in Your Portfolio They also provide pharmaceuticals and pharmacy services to long-term care, workers' compensation and specialty drug patients. Federal suit says AmerisourceBergen didn't report diversion of opioid Cautionary Note Regarding Forward-Looking Statements. MyPortal provides you with secure access to all supported systems and applications, such as real-time data, published reports, and user guides, to name a few. [21][22][23], In December 2019, Michigan became the first state to sue AmerisourceBergen and three other opioid distributors as drug dealers for their role in the state's opioid crisis. customary closing conditions. increase supply chain efficiency, maximize return on investments and enhance The reader is cautioned not The these tender offer materials, as well as any other documents relating to the AmerisourceBergen is headquartered in Valley Forge, PA, and employs increased emergence of high-value products, such as cell and gene therapies, Amerisource Bergen and TPG, a global alternative asset management firm, are set to acquire OneOncology, a network . The live call will also be webcast via the Companys website at investor.amerisourcebergen.com.

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