Walgreens to buy McKesson's specialty pharmacy

DEERFIELD, Ill. Walgreens announced that it will acquire McKesson's specialty pharmacy, which is a business within McKesson’s Specialty division. Terms of the agreement were not disclosed. The acquisition will further strengthen Walgreens position as the fourth-largest specialty pharmacy in the country. Subject to satisfaction of customary conditions, the parties expect the transaction to close within 60 days.

“The acquisition of McKesson’s specialty pharmacy operations offers the opportunity to grow our own specialty pharmacy business with preferred payor agreements,” said Stanley Blaylock, president of Walgreens Health Services. “This transaction will broaden access for patients and clients in the fast-growing oncology area and other specialty areas including multiple sclerosis, rheumatoid arthritis and reproductive health services.”