AmerisourceBergen raises earnings outlook on closure of $6.5B Walgreens Boots Alliance deal

AmerisourceBergen Corp. on Wednesday raised its full-year outlook after completing an acquisition of the majority of Walgreens Boots Alliance ’s Alliance Healthcare businesses for $6.5 billion. The Conshohocken drug wholesale company now expects earnings per share of $8.90 to $9.10, raised from the previous range of $8.45 to $8.60. In the deal for Alliance Healthcare, AmerisourceBergen paid $6.275 billion in cash and 2 million share s of its common stock to Walgreens Boots. The two companies…
Source: bizjournals.com Health Care:Physician Practices headlines - Category: American Health Authors: Source Type: news