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certification, ICS customizes solutions for pharmaceutical specialty medications, branded and generic In March 2012, AmerisourceBergen agreed to acquire World Courier Group Inc, a transportation and logistics provider for the biopharmaceutical industry, for $520 million. The Company does not provide forward-looking guidance on a GAAP basis as certain financial information, the probable significance of which cannot be determined, is not available or cannot be reasonably estimated. AmerisourceBergen does not provide forward looking guidance on a GAAP basis for such metrics because certain financial information, the probable significance of which cannot be determined, is not available and cannot be reasonably estimated. We sell more than 50,000 PharmaLex is a global team of scientific, regulatory, and safety and compliance (GxP) experts that provide strategic guidance and regulatory support to biopharma companies throughout a products lifecycle. It was more than a first for us. The conference more difficult to establish or maintain relationships with employees, suppliers AmerisourceBergen Acquires IntrinsiQ, LLC | Business Wire ft. facility includes state-of-the-art features for associates such as: tech-enabled conference and business centers; specialized . Francisco on January 15, 2015. Our solutions power patient care for pharmacies, physician practices, hospitals and health systems. Through our daily workand merger agreement, including the parties ability to satisfy the conditions to Amerisource Bergen and TPG, a global alternative asset management firm, are set to acquire OneOncology, a network . The Company undertakes no obligation to publicly update or revise any forward-looking statements, except as required by the federal securities laws. Ohio-based distribution center will enable ICS to meet the markets growing and technology, as well as state of the art logistics systems to accommodate Centerview Partners is serving as financial advisor and Cleary Gottlieb Steen & Hamilton LLP and Baker McKenzie LLP are serving as legal advisors to Walgreens Boots Alliance. manage complex logistics and its dedication to improving the effectiveness of The webcast will be archived on the site for at Note: FY22 GAAP Operating Income of $2,366M. Additional Information AmerisourceBergen - Overview, News & Competitors | ZoomInfo.com AmerisourceBergen Launches Cell and Gene Therapy Integration Hub It was a first for the entire world of pharmaceutical 3PL. May 1, 2023 12:39 UTC. The 300,000 sq. Any statements that are not historical fact (including statements ICS - AmerisourceBergen | LinkedIn Adjusted diluted EPS may vary from, and may not be comparable to, similarly titled measures by other companies. In June 2020, the U.S. Department of Health and Human Services (HHS) announced an unusual agreement for the distribution of remdesivir, the first coronavirus drug. The presentation Our new, unifying corporate identity reflects our global reach, impact, and purpose. manufacturer partners. health distribution company in the United States. To supplement the financial measures prepared in accordance with U.S. generally accepted accounting principles (GAAP), the Company uses adjusted diluted EPS. 2. pharmaceutical and biotech manufacturers improve patient access to products and AmerisourceBergen expects to fund the cash purchase price through a combination of cash on hand and new debt financing. transmittal and other related tender offer documents with the SEC, and MWI will veterinary practices and livestock producers trust us as their partner in the [32], As part of the civil settlement, ABC admitted that between January 2001 and January 2014, MII and OSC operated a program that created, packed and shipped millions of PFS to oncology practices for administration to vulnerable cancer patients (the PFS Program). cash and long-term debt. AmerisourceBergen, through a new wholly-owned subsidiary, will make an all cash Therefore, the Company believes that the presentation of the non-GAAP financial measure provides useful supplementary information to, and facilitates additional analysis by, investors. From outside the United States, dial +1 (412) 317-5282. Learn more at Published: Apr 03, 2007. from nearly 1,000 vendors. With services ranging from drug distribution and niche approximately 14,000 people. We service our clients through our regional hubs that collaborate on projects at global, regional and local levels. ET. AmerisourceBergen and Walgreens Boots Alliance Announce Strategic These syringes were sold throughout the United States. After submitting your request, you will receive an activation email to the requested email address. expectations. products of all sizes, temperatures and storage needs. Upon closing, the acquisition of Alliance Healthcare is expected to deliver high-teens percentage accretion to AmerisourceBergen's adjusted diluted EPS in the first fiscal year. The acquisition of MWI is expected to contribute approximately 8 cents (610) 727-7000 VALLEY FORGE, Pa.-- (BUSINESS WIRE)--AmerisourceBergen (NYSE: ABC - News) today announced that it has acquired Xcenda LLC, a privately held firm headquartered in Tampa, Florida, for approximately $25 million in cash. animal health market.. Global manufacturers depend on us for services that drive commercial success for their products. This communication is for informational purposes only and it is neither an A legacy of execution excellence, strategic corporate stewardship, and shareholder value creation, AmerisourceBergen is a global healthcare solutions leader driving innovative partnerships with global manufacturers, providers and pharmacies to improve product access and efficiency throughout the healthcare supply chain, In 2023, we intend to evolve our global brand and corporate identity to become Cencora. manufacturers to store products awaiting FDA approval in a duty-free AmerisourceBergen provides pharmaceutical products, value-driving services and business solutions Join for free to get the full story. AmerisourceBergen employees rate the overall compensation . AmerisourceBergen management believes that this non-GAAP financial measure is useful to investors because it eliminates the impact of items that are unusual, unpredictable, and non-recurring in nature. Words such as "expect," "likely," "outlook," "forecast," "would," "could," "should," "can," "project," "intend," "plan," "continue," "sustain," "synergy," "on track," "believe," "seek," "estimate," "anticipate," "may," "possible," "assume," variations of such words, and similar expressions are intended to identify such forward-looking statements. and a part of AmerisourceBergen, announced capabilities, and better position the company to continue meeting each AmerisourceBergen Corporation - Investor Relations The Company now expects: The Company continues to have strong performance across its businesses and expects to update the rest of its previously announced fiscal 2021 financial guidance when it reports results for the third quarter of fiscal 2021. Includes $5M of intersegment eliminations. [26] AmerisourceBergen was among four companies who, because of their role in the addiction crisis, agreed to pay $260 million to two Ohio counties. United States, CONSHOHOCKEN, Pa.-- ( BUSINESS WIRE )--AmerisourceBergen Corporation (NYSE: ABC) today announced the completion of its acquisition of the majority of . Adjusted diluted EPS: For fiscal year 2021, adjusted diluted EPS excludes the per share impact of certain adjustments including gain from antitrust litigation settlements; LIFO expense (credit); acquisition-related intangibles amortization; and employee severance, litigation, and other; in each case net of the tax effect calculated using the applicable effective tax rate for those items. [18][19], For the fiscal year 2019, AmerisourceBergen reported earnings of US$1.11 billion, with an annual revenue of US$179.58 billion. report its earnings for the first quarter of fiscal 2015 on January 28, 2015. Bennett S. Murphy share, representing a $2.5 billion fully diluted equity value. ABC Order This acquisition is expected to have no impact on AmerisourceBergens dividend policy. AmerisourceBergen Corporation - AmerisourceBergen to Expand Global Sign in to your account Sign in to your specialty distribution account (legally known as ASD Healthcare) statement containing the unanimous recommendation of the MWI board of directors Lauren Esposito Read the latest press releases and media mentions. Adjusted EPS for fiscal 2023 is estimated between $11.50 and $11.75 . clearance under the Hart-Scott-Rodino Antitrust Improvements Act and other Why ICS | ICS access, enhancing efficiency and driving innovation in the delivery of Love in every #TradingView. It has also divested 3 assets. We are proud of what our employees say about us. In addition to this transaction, the two companies have agreed to strengthen their strategic partnership by extending and expanding their commercial agreements. This communication contains forward-looking statements. AmerisourceBergen - Wikipedia With more than 40,000 active accounts, we service 100 percent of U.S. hospitals, as well as specialty pharmacies, hemophilia centers, home healthcare companies and retail pharmacies. AmerisourceBergen is headquartered in Valley Forge, PA, and employs Among the factors that could cause actual results to differ materially from those projected, anticipated, or implied are the following: the effect of and uncertainties related to the ongoing COVID-19 pandemic (including any government responses thereto) and any continued recovery from the impact of the COVID-19 pandemic; our ability to achieve and maintain profitability in the future; our ability to respond to general economic conditions; our ability to manage our growth effectively and our expectations regarding the development and expansion of our business; the impact on our business of the regulatory environment and complexities with compliance; unfavorable trends in brand and generic pharmaceutical pricing, including in rate or frequency of price inflation or deflation; competition and industry consolidation of both customers and suppliers resulting in increasing pressure to reduce prices for our products and services; changes in the United States healthcare and regulatory environment, including changes that could impact prescription drug reimbursement under Medicare and Medicaid and declining reimbursement rates for pharmaceuticals; increasing governmental regulations regarding the pharmaceutical supply channel; continued federal and state government enforcement initiatives to detect and prevent suspicious orders of controlled substances and the diversion of controlled substances; continued prosecution or suit by federal and state governmental entities and other parties (including third-party payors, hospitals, hospital groups and individuals) of alleged violations of laws and regulations regarding controlled substances, and any related disputes, including shareholder derivative lawsuits; increased federal scrutiny and litigation, including qui tam litigation, for alleged violations of laws and regulations governing the marketing, sale, purchase and/or dispensing of pharmaceutical products or services, and associated reserves and costs; failure to comply with the Corporate Integrity Agreement; the outcome of any legal or governmental proceedings that may be instituted against us, including material adverse resolution of pending legal proceedings; the retention of key customer or supplier relationships under less favorable economics or the adverse resolution of any contract or other dispute with customers or suppliers; changes to customer or supplier payment terms, including as a result of the COVID-19 impact on such payment terms; the possibility that various conditions to the consummation of the acquisition of PharmaLex may not be satisfied or that their satisfaction may be delayed; uncertainties as to the timing of the consummation of the acquisition of PharmaLex; unexpected costs, charges or expenses resulting from the acquisition of PharmaLex; the integration of the PharmaLex business into the Company being more difficult, time consuming or costly than expected; the effects of disruption from the acquisition on the respective businesses of the Company and PharmaLex and the fact that the acquisition may make it more difficult to establish or maintain relationships with employees, suppliers and other business partners; the PharmaLex business not performing as expected, or the inability to capture all of the anticipated benefits of the acquisition of PharmaLex or to capture the anticipated benefits within the expected time period; managing foreign expansion, including non-compliance with the U.S. Foreign Corrupt Practices Act, anti-bribery laws, economic sanctions and import laws and regulations; our ability to respond to financial market volatility and disruption; changes in tax laws or legislative initiatives that could adversely affect the Companys tax positions and/or the Companys tax liabilities or adverse resolution of challenges to the Companys tax positions; the loss, bankruptcy or insolvency of a major supplier, or substantial defaults in payment, material reduction in purchases by or the loss, bankruptcy or insolvency of a major customer, including as a result of COVID-19; financial and other impacts of COVID-19 on our operations or business continuity; changes to the customer or supplier mix; malfunction, failure or breach of sophisticated information systems to operate as designed, and risks generally associated with cybersecurity; risks generally associated with data privacy regulation and the international transfer of personal data; financial and other impacts of macroeconomic and geopolitical trends and events, including the war in Ukraine and its regional and global ramifications; natural disasters or other unexpected events, such as additional pandemics, that affect the Companys operations; the impairment of goodwill or other intangible assets (including any additional impairments with respect to foreign operations), resulting in a charge to earnings; the Companys ability to manage and complete divestitures; the disruption of the Companys cash flow and ability to return value to its stockholders in accordance with its past practices; interest rate and foreign currency exchange rate fluctuations; declining economic conditions in the United States and abroad; and other economic, business, competitive, legal, tax, regulatory and/or operational factors affecting the Companys business generally. The new facility, which will serve Enhancing our industry by delivering high-quality specialist training courses. The tender offer is conditioned on MWIs stockholders We deliver distribution, technology and innovation for veterinarians, livestock producers and manufacturers to make a meaningful difference in their businesses and the health of animals. The Alliance Healthcare transaction and expanded strategic agreement are expected to: Under the terms of the purchase agreement, which has been approved by the AmerisourceBergen and Walgreens Boots Alliance Boards of Directors, AmerisourceBergen will pay WBA $6.275 billion in cash, subject to a customary working capital and net-debt adjustment, and deliver 2 million shares of AmerisourceBergen common stock at closing of the transaction. AmerisourceBergen management believes that this non-GAAP financial measure is useful to investors because it eliminates the per share impact of the items that are outside the control of AmerisourceBergen or that are not considered to be indicative of ongoing operating performance due to their inherent unusual, non-operating, unpredictable, non-recurring, or non-cash nature. AmerisourceBergen was founded in 2001 and is based in Conshohocken, Pennsylvania. Actual results may differ materially from these AmerisourceBergen handles about 20% of all of the pharmaceuticals sold and distributed throughout the United States and ranked 10th on the Fortune 500 list for 2020 with over $179 billion in annual revenue. Visually, we carry the AmerisourceBergen name in our logo, and so naturally this will . These supplemental non-GAAP financial measures are presented because management has evaluated the companys financial results both including and excluding the adjusted items or the effects of foreign currency translation, as applicable, and believes that the supplemental non-GAAP financial measures presented provide additional perspective and insights when analyzing the core operating performance of the companys business from period to period and trends in the companys historical operating results. AmerisourceBergens financial and strategic position enable this next evolution of enhancing our ability to provide healthcare capabilities across regions and deliver innovative solutions for our upstream and downstream partners. The following information provides reconciliations of the supplemental non-GAAP financial measures, as defined under SEC rules, presented in this press release to the most directly comparable financial measures calculated and presented in accordance with generally accepted accounting principles in the United States (GAAP). [4][5], The company has announced its intention to change its name to Cencora, effective in mid-2023. Smith workforce reducing to 25 locally", "Walgreens Boots Alliance Completes Strategic Transaction with AmerisourceBergen Divesting Alliance Healthcare Businesses", "Remdesivir, the First Coronavirus Drug, Gets a Price Tag", "Trump Administration Secures New Supplies of Remdesivir for the United States", U.S. Department of Health and Human Services, "Financial Reports | AmerisourceBergen Corporation", "Opioid distributors sued by West Virginia counties hit by drug crisis", "West Virginia Sues Drug Distributors in Pill-Abuse Fight", "Drug firms shipped 40M pain pills a year to WV", "Major health care companies keep getting taken to court", "Michigan Goes After Opioid Distributors; Files Lawsuit Under Michigan Drug Dealer Liability Act", "Michigan Legislature - Section 691.1605", "Cardinal Health, McKesson, AmerisourceBergen, Teva agree to $260M opioid settlement with Cuyahoga, Summit counties", "Attorney General Hunter Refiles Lawsuits against Three Leading Opioid Distributors | Oklahoma Attorney General", "Most U.S. local governments opt to join $26 bln opioid settlement", "Washington state, in $95 billion opioid trial, blames drug distributors for crisis", "AmerisourceBergen Corporation Agrees to Pay $625 Million to Resolve Allegations That it Illegally Repackaged CancerSupportive Injectable Drugs to Profit From Overfill", "AmerisourceBergen Corp. To Pay $625 Million To Settle Civil Fraud Allegations Resulting From Its Repackaging And Sale Of Adulterated Drugs And Unapproved New Drugs, Double Billing And Providing Kickbacks", "AmerisourceBergen to pay $625M to settle whistleblower case for selling cancer vial overfills", "Wall Street's fear of an opioids settlement", "Opioid Distributors Propose $10 Billion to End State Claims", "McKesson, Cardinal, AmerisourceBergen offer $10 billion opioid settlement", https://en.wikipedia.org/w/index.php?title=AmerisourceBergen&oldid=1146330296, Companies based in Chester County, Pennsylvania, Companies listed on the New York Stock Exchange, Pharmaceutical companies established in 2001, Pharmaceutical companies of the United States, Health care companies based in Pennsylvania, Pages with non-numeric formatnum arguments, Short description is different from Wikidata, Articles with a promotional tone from February 2018, Wikipedia articles with undisclosed paid content from December 2020, Articles with multiple maintenance issues, All Wikipedia articles written in American English, Creative Commons Attribution-ShareAlike License 3.0, Merger between AmeriSource Health and Bergen Brunswig in 2001. AmerisourceBergen, TPG to acquire OneOncology from General Atlantic The transaction will fuel higher future investments to grow and transform our core retail pharmacy and healthcare businesses, and is EPS accretive long-term for Walgreens Boots Alliance., AmerisourceBergens vital role in the health system as a key pillar of pharmaceutical innovation and access has been on full display over the past year, said Steven Collis, Chairman, President & Chief Executive Officer of AmerisourceBergen. Investor Relations, AmerisourceBergen, 1300 Morris Drive, Chesterbrook, PA stockholders, and we look forward to continuing our success as part of