McKesson to Expand Distribution Agreement with Albertsons

McKesson Corporation 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."