Hints and tips:
...The investor group had in 2018 tried to list Albertsons through a reverse merger with Rite Aid, the pharmacy chain, but the deal collapsed when Rite Aid shareholders objected....
...And the US owner of Boots abandoned its plan to sell the UK pharmacy and beauty retailer last month, attributing its decision to a downturn in financial markets....
...In Australia, it has a network of 72 hospitals and 90 pharmacies....
...The consultancy advised Purdue Pharma on paying “rebates” to pharmacies based on the number of people who died or became addicted after taking the company’s painkiller OxyContin....
...Smart reads Popping pills Hims amassed a $1.6bn empire by delivering Viagra, Rogaine and other remedies in sleek, colourful packaging that spared consumers from blushing at the pharmacy counter....
...Dominic Murphy, the star dealmaker behind the £12bn buyout of pharmacy chain Boots, is looking to raise his first €1bn fund....
...Chief executive Stefano Pessina, the pharmacy tycoon who assembled Walgreens Boots Alliance through a string of mergers, owns about 16 per cent of the company....
...The listed pharmacy group carries about $15bn in net debt, accounting for about one-fifth of its enterprise value....
...Purdue is one of 22 opioid makers, distributors and pharmacies being pursued by a large number of municipalities in the US, with the first of 2,000 cases due to go to trial in Cleveland in October....
...Distributors, who are meant to monitor how pharmacies are prescribing pills, and doctors, have also been involved in settlements. What court cases are coming?...
...The complaint argues that their “systemic failures” led to large shipments of controlled substances to pharmacies that showed “red flags”, such as a high percentage of prescriptions being paid for in cash...
...Its acquisition of pharmacy chain Alliance Boots and its subsequent combination with US rival Walgreens stands as its most profitable investment over the past three decades....
...Star dealmaker Dominic Murphy, who was behind KKR’s most successful deal in Europe when it bought pharmacy chain Boots in a £12bn transaction, left in 2017 to set up his own firm....
...Such concerns were laid bare in June when Amazon announced it would buy online pharmacy company PillPack....
...In 2015, the distant third-largest US pharmacy announced a sale to Walgreens Boots Alliance at $9 a share....
...It is China’s leading pharmacy chain and we believe that we can positively contribute to its continued successful development with our global pharmacy expertise,” said Walgreens chief executive Stefano Pessina...
...Analysts with credit rating agency Moody’s said the company — with 4,900 stores and roughly 4,350 pharmacies — will have a scale that is “necessary to compete in today’s highly competitive food and drug...
...Morgan Stanley advised on six out of the 10 largest deals, including US health insurer Cigna’s $68.5bn acquisition of pharmacy benefits manager Express Scripts and European media group Sky, which was approached...
...The group has $153bn of assets under management and orchestrated some of Europe’s biggest buyouts, including that of pharmacy chain Alliance Boots....
...In the past two decades since KKR opened offices in Europe, some of the landmark deals have been acquisitions of units of large German corporations through the acquisition and sale of UK pharmacy chain Alliance...
...For the most part, the plaintiffs argue that drugmakers used aggressive sales tactics to boost revenues from opioids while downplaying the risks, or that wholesalers and pharmacies did little to identify...
...years ago a $100m restaurant deal was possible, I’d have said it was a pipe dream,” said Felix Olale, a partner at LeapFrog Investments, which last November bought a majority stake in Kenya’s GoodLife Pharmacy...
...However, Mr Pearson’s creation crumbled following an accounting scandal linked to a string of secretive mail-order pharmacies....
...Mr Murphy was instrumental in orchestrating the £12bn acquisition of UK pharmacy chain Alliance Boots in 2007, in what became Europe’s largest leveraged buyout, as well as its subsequent merger with US rival...
...In 2012 they sold a 45 per cent stake to Walgreens and completed the sale to the US pharmacy chain Walgreens in 2014....
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