Message from CEO of Rexall Health on Acquisition
Today, it was announced that McKesson Corporation has agreed to acquire Rexall Health.
For you, our customers and patients, it is business as usual. Your local Rexall will still have all of the products and brands you trust and rely on. You will be able to come in and speak with your pharmacist about your health and well-being as well as fill or re-fill your prescription. We are committed to providing you with the same excellent care, services and products that you have come to expect.
This transaction is a natural next step for two companies that have a history of working together to deliver care to Canadians. McKesson has been active in Canada for over 100 years, helping to build a strong network of independent pharmacies. With McKesson, Rexall Health will be able to serve a complete range of pharmaceutical care needs and ensure choice to consumers at a time when Canadians are more concerned than ever about their healthcare.
On behalf of our over 9,000 employees and our new partners at McKesson, we look forward to continuing to serve you as Rexall Health enters this exciting new phase.
Message from the President of McKesson Canada Regarding the Acquisition of Rexall Health
I’m pleased to announce McKesson intends to acquire Rexall Health in order to strengthen its position in Canada’s pharmaceutical supply chain. The acquisition is a natural next step for two companies that have a history of working together to deliver care to Canadians.
For over one hundred years in Canada, McKesson has helped build the strong network of independent pharmacies. With Rexall Health, we will be able to deliver better value and operational excellence to small business owners, independent pharmacists, our pharmaceutical distribution customers and manufacturers.
This is an exciting next step in McKesson’s commitment to drive value by improving healthcare delivered in pharmacy. It fundamentally enhances our ability to provide best in class pharmacy care through an expanded retail footprint for patients across Canada.
Canada’s healthcare environment is rapidly evolving; it is marked by a convergence of health care delivery models and increasingly complex patient demand. With today’s announcement, McKesson will bring together the strengths and expertise of our diverse portfolio to address challenges facing the delivery of patient care.
By adding Rexall Health to its family of companies, McKesson will be able to provide better value and integrated care for our customers, patients, consumers and Canadians.
The transaction is subject to review under the Investment Canada Act and by the Competition Bureau of Canada, in the meantime its business as usual.
Alain Champagne, President, McKesson Canada