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Article: McKesson and American Drug Stores Announce $2-Billion Supply Management Agreement.
- Article from:
- Business Wire
- Article date:
- June 30, 1998
CopyrightCOPYRIGHT 1998 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN FRANCISCO--(BUSINESS WIRE)--June 30, 1998--McKesson Corporation (NYSE:MCK) and American Drug Stores, a division of American Stores Company (NYSE:ASC), one of the nation's largest food and drug retailers, announced today that they have signed an agreement to create a broad-based supply management alliance.
Under the new agreement, which has an initial five-year term, McKesson will be the sole supplier of pharmaceuticals to the more than 1,100 drug store and food store pharmacies of American Drug Stores, Inc. In addition, McKesson will provide value-added services and technologies designed to improve operations for American Drug Stores. American Drug ...