Walgreens, McKesson form German wholesale joint venture

November 2, 2020  –  Walgreens Boots Alliance and McKesson Corporation announced the completion of their previously announced agreement to create a joint venture combining their respective pharmaceutical wholesale businesses in Germany, Alliance Healthcare Deutschland and GEHE Pharma Handel.

Walgreens holds a 70% controlling equity interest in the joint venture and McKesson holds the remaining 30% interest.

“With future challenges in the healthcare sector, the new company is committed to strengthening the pharmacist’s position as a healthcare professional, creating innovative added value services and significantly enhancing digitalization and operational excellence,” the companies said.

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