McKesson Canada Announces Plan to Acquire Uniprix, Strengthening the Future of Independent Pharmacy in Quebec
Apr 12, 2017, 13:15 ET
Individual pharmacies to remain independently owned
ST-LAURENT, QC, April 12, 2017 /CNW Telbec/ - McKesson Canada and Uniprix announced today that, pending shareholder approval and satisfaction of closing conditions, including approval from the Competition Bureau of Canada, McKesson Canada proposes to acquire all outstanding shares of Uniprix. 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.
The information circular will be sent to shareholders mid-April 2017, with a shareholder vote scheduled for May 16, 2017.
"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. "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.
About McKesson Canada
Founded more than 100 years ago, McKesson Canada is dedicated to delivering vital medicines, supplies and information technologies that enable the healthcare industry to provide patients better, safer care. Our solutions empower pharmacies, manufacturers, hospitals and other healthcare institutions by enabling them to get closer to the millions of patients they serve every single day, while contributing to the quality and safety of care in Canada. For more information, visit www.mckesson.ca.
Founded in 1977, Uniprix Inc. is one of the largest groups of independent pharmacists in Quebec. The company offers services to a network of more than 330 pharmacies across the province. Year after year, Uniprix ranks among the most admired companies in Quebec. For more information, visit: www.uniprix.com.
SOURCE MCKESSON CANADA
For further information: McKesson Canada Media: Mélanie Lussier, [email protected]; Uniprix Media: Pierre Gince, [email protected]
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