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McKesson Canada to buy Uniprix

In this picture: Philippe Duval, President and CEO, Uniprix and Paula Keays, President, McKesson Canada (CNW Group/MCKESSON CANADA)
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McKesson Canada and Uniprix announced on April 12, 2017 that, pending shareholder approval and satisfaction of closing conditions, including approval from the Competition Bureau of Canada, McKesson Canada will acquire all outstanding shares of Uniprix.

In a new release, McKesson Canada and Uniprix said that the acquisition is a natural step for two companies with deep roots in Quebec, which have a long history of working together to deliver care to patients across the province. As part of the acquisition, the individual pharmacies will remain independently owned.

“Today’s announcement is very exciting for both McKesson Canada and Uniprix. Our two companies are coming together to help build the future of Uniprix’s independent pharmacists,” said Paula Keays, President of McKesson Canada, in the release. “The acquisition will allow independent pharmacies to remain competitive in an increasingly changing industry. For McKesson Canada, this is a strategic investment that enhances our commitment to Quebec.”

By coming together, McKesson Canada will offer operational excellence to independent pharmacy owners, pharmaceutical distribution customers and manufacturers.

McKesson Canada has a 100-year history in Quebec and its Canadian head office is in Montreal. Our success is a shared success, as today’s announcement secures a bright future for Uniprix owners who will benefit from McKesson Canada’s best-in-class supply chain network, designed to ensure patient safety, reduce costs, increase operational efficiency and protect the autonomy of independent pharmacies owners” said Philippe Duval, President and CEO, Uniprix.