MMD

McKesson completes Uniprix buy

Previously announced acquisition of all outstanding shares of Uniprix follows regulatory approval


September 8, 2017
by

ST-LAURENT, Quebec — McKesson Canada announced today that it has completed the previously announced acquisition of all outstanding shares of Uniprix. This follows regulatory approval obtained from the Competition Bureau of Canada and other customary closing conditions.

“Today’s announcement marks a milestone for McKesson Canada, Uniprix and PROXIM. Together, we will leverage our shared expertise to deliver better care and value to patients across the province and strengthen independent pharmacy in Quebec” said Paula Keays, president, McKesson Canada.

McKesson Canada also announced the nomination of Alain Arel as president, Uniprix and PROXIM, effective immediately. Arel will continue reporting to Rick Brennan, senior vice-president, Retail Banner Group, and assume overall leadership responsibility for McKesson Canada’s Retail Banner Group segment in Quebec, including Uniprix and PROXIM.

“It is a privilege to take on this exciting new role” said Alain Arel, president, Uniprix and PROXIM. “With McKesson Canada, Uniprix will be able to ensure a positive future for independent pharmacists and continue to be a destination of choice for health care in Quebec.”

Philippe Duval, resident and CEO of Uniprix, will continue in a senior advisory role to ensure a smooth transition.

“This is a positive step towards ensuring long-term, sustainable success for Uniprix owners” said Philippe Duval, resident and CEO of Uniprix. “Alain Arel brings deep knowledge of the retail pharmacy sector in Quebec, and a proven track record of delivering results to independent pharmacy owners.”

Individual pharmacies will remain independently owned and continue to operate under the existing Uniprix brand.