Walgreens buys McKesson’s specialty pharmacy
Executive Summary
Walgreen Co. will acquire McKesson's specialty pharmacy, which will "further strengthening Walgreens position as the fourth-largest specialty pharmacy in the country," the company announced Oct. 21. Terms of the deal were not disclosed. McKesson explained its decision to sell by saying the specialty pharmacy business "has faced increasing challenges due to the alignment between pharmacy benefit managers, 'big box' retailers and other specialty pharmacies. As a result, we decided that our specialty pharmacy would be more successful under an owner like Walgreens, which is better positioned to invest in and grow the business.