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AAH Pharmaceuticals to stay with McKesson in UK

Other European businesses to be sold to PHOENIX

July 9th 2021

Tagged: DM Zone news

By Charles Gladwin

McKesson’s UK businesses, which includes wholesaler AAH Pharmaceuticals, are not included in the corporation’s sale of certain European businesses to PHOENIX Group.

However, the company is “committed to exploring strategic alternatives for all remaining European businesses and focusing future investments on growth strategies outside of Europe.” This includes “exploring a strategic path forward to fully exit the European region,” it said in a statement on July 7th.

The sale of businesses in France, Italy, Ireland, Portugal, Belgium, and Slovenia is not expected to be finalised until 2022. McKesson will retain its minority equity stake in the company’s Germany joint venture with Walgreens Boots Alliance.