Drugstore chain Walgreen's fiscal second-quarter earnings climbed 11 percent, helped by contributions from European health and beauty retailer Alliance Boots, a business sale gain, and its new contract with Express Scripts Holding Co.
The Deerfield, Ill., company also said Tuesday that it is expanding a supply agreement with AmerisourceBergen Corp. with a deal that gives it and Alliance Boots an ownership stake in the pharmaceutical wholesaler.
A Walgreen spokesman said AmerisourceBergen will replace primarily Cardinal Health Inc. in supplying pharmaceuticals. Previously, AmerisourceBergen had supplied only some specialty drugs for Walgreen, the nation's largest drugstore chain.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
