AmerisourceBergen

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AmerisourceBergen Corporation
Public
Traded asNYSEABC
S&P 500 Component
IndustryPharmaceutical
FoundedMerger between AmeriSource Health and Bergen Brunswig in 2001
HeadquartersChesterbrook, Pennsylvania, U.S.
Area served
North America
United Kingdom
Key people
Richard C. Gozon
(Chairman)
Steven H. Collis
(President), (CEO) & (Director)
ProductsPharmaceuticals and pharmacy services
RevenueIncrease US$153.14 billion (2017)[1]
Decrease US$386 million (2015)[1]
Decrease US$-134 million (2015)[1]
Total assetsIncrease US$27.73 billion (2015)[1]
Total equityDecrease US$633 million (2015)[1]
Number of employees
20,000 [2]
WebsiteAmerisourceBergen.com

AmerisourceBergen Corporation is an American drug wholesale company that was formed by the merger of Bergen Brunswig and AmeriSource in 2001.[3] They provide drug distribution and related services designed to reduce costs and improve patient outcomes, distribute a line of brand name and generic pharmaceuticals, over-the-counter (OTC) health care products and home health care supplies and equipment to a wide variety of health care providers located throughout the United States, including acute care hospitals and health systems, independent and chain retail pharmacies, mail-order facilities, physicians, clinics and other alternate site facilities, as well as skilled nursing and assisted living centers. They also provide pharmaceuticals and pharmacy services to long-term care, workers' compensation and specialty drug patients.

AmerisourceBergen is a market leader in pharmaceutical distribution handling about 20% of all of the pharmaceuticals sold and distributed throughout the country and ranked 12th on the Fortune 500 list for 2018 with over $153 billion in annual revenue.[4] In terms of revenue (79.49 billion in 2012) the firm is the largest based in Pennsylvania.[5][6]

History[edit]

AmerisourceBergen was formed in 2001 following the merger of AmeriSource Health Corporation and Bergen Brunswig Corporation.[7] AmeriSource and Bergen were both successful pharmaceutical distributors that served similar markets but covered somewhat different geographies. Bringing the two together gave the company a strong national presence that was geared especially towards serving independent community pharmacies, regional retail chain pharmacies, hospitals, physician offices, clinics and other alternate care facilities.

AmerisourceBergen has 26 pharmaceutical distribution centers in the US, nine distribution centers in Canada, four specialty distribution centers in the US, and over 1 million square feet of packaging production capacity in the US and the UK. With the addition of World Courier, the largest specialty courier company in the world, over 150 company-owned offices around the globe were added to the company.

AmerisourceBergen is among several distributors that have been sued by West Virginian governments for contributing to the Opioid epidemic, by shipping inordinate amounts of pain medication into the state.[8][9][10]

On January 3, 2018, AmerisourceBergen acquired H. D. Smith, the largest privately-held national pharmaceutical wholesaler in the U.S.[11]

On February 12, 2018, it was reported that Walgreens Boots Alliance was considering an acquisition of the company.[12]

Finances[edit]

For the fiscal year 2017, AmerisourceBergen reported earnings of US$364 million, with an annual revenue of US$153.144 billion, an increase of 4.3% over the previous fiscal cycle. AmerisourceBergen's shares traded at over $84 per share, and its market capitalization was valued at over US$18.9 billion in October 2018.[13]

Year Revenue
in mil. USD$
Net income
in mil. USD$
Total Assets
in mil. USD$
Price per Share
in USD$
Employees
2005 54,577 265 11,381 14.19
2006 60,812 468 12,784 18.46
2007 65,672 469 12,310 20.52
2008 70,190 251 12,218 16.87
2009 71,760 503 13,573 17.36
2010 77,776 637 14,435 26.66
2011 78,696 707 14,983 34.55
2012 78,081 719 15,442 35.15
2013 87,959 434 18,919 52.44 13,000
2014 119,569 274 21,532 69.98 14,000
2015 135,962 −138 27,963 98.73 17,500
2016 146,850 1,428 33,638 80.03 19,000
2017 153,144 364 35,316 84.25 20,000

Corporate structure[edit]

AmerisourceBergen operates its pharmaceutical distribution business under four primary units: AmerisourceBergen Drug Corporation (ABDC), AmerisourceBergen Specialty Group (ABSG), AmerisourceBergen Consulting Services (ABCS) and World Courier. In March 2016 Walgreens Boots Alliance Inc. announced it would exercise an option to purchase 22.7 million shares of AmerisourceBergen stock and thereby control 15% of the company.[14]

Good Neighbor Pharmacy[edit]

Good Neighbor Pharmacy is an American retailers' cooperative network of more than 3,400 independently owned and operated pharmacies. It has a business affiliation with AmerisourceBergen, which sponsors the network and owns the name "Good Neighbor Pharmacy" Good Neighbor Pharmacy is the sponsor for "Thought Spot" the annual trade show held in Las Vegas.

ThoughtSpot[edit]

ThoughtSpot is a four-day trade show put on by Good Neighbor Pharmacy held in or around July in Las Vegas aimed for and limited to community and independent pharmacies.[15][16]

Exhibitors are represented throughout the healthcare industry including, brand name, generic and over the counter products. ThoughtSpot 2013 was hosted at the MGM Grand, Las Vegas from July 24 to July 27. Special guest musical performance by Bret Michaels capped off the week on July 27 at a special attendee-only closing event.[17]

KnowledgeDriven[edit]

KnowledgeDriven is a resource site sponsored by AmerisourceBergen.[18]

References[edit]

  1. ^ a b c d e "Annual Report 2015". AmerisourceBergen Corp. Retrieved 16 April 2016.
  2. ^ https://www.amerisourcebergen.com/abcnew/About-Who-We-Are
  3. ^ "AmerisourceBergen, Form 8-K, Current Report, Filing Date Aug 30, 2001". secdatabase.com. Retrieved January 7, 2013.
  4. ^ "AmerisourceBergen". Fortune. Retrieved 2018-11-09.
  5. ^ AmerisourceBergen: The biggest Pennsylvania company you never heard of, by David Sell, Philadelphia Inquirer, July 15, 2012
  6. ^ "Eight area companies make Fortune 500". Philadelphia Business Journal. May 28, 2013. Retrieved June 24, 2013.
  7. ^ "AmerisourceBergen Added to S&P 500 index". Retrieved 12 July 2017.
  8. ^ Higham, Scott; Bernstein, Lenny (2017-03-09). "Opioid distributors sued by West Virginia counties hit by drug crisis". Washington Post. ISSN 0190-8286. Retrieved 2018-02-13.
  9. ^ Jon Kamp (27 June 2012). "West Virginia Sues Drug Distributors in Pill-Abuse Fight". WSJ. Retrieved 23 January 2016.
  10. ^ "Drug firms shipped 40M pain pills a year to WV". Charleston Gazette-Mail. Retrieved 23 January 2016.
  11. ^ "AmerisourceBergen Completes Acquisition of HD Smith". www.amerisourcebergen.com. Retrieved 2018-09-25.
  12. ^ "What Is AmerisourceBergen and Why Does Walgreens Want to Buy It?". Fortune. Retrieved 2018-02-13.
  13. ^ "Financial Reports | AmerisourceBergen Corporation". AmerisourceBergen Corporation. Retrieved 2018-11-07.
  14. ^ Leeclaire, George (2016-03-18). "Walgreens Boots buys bigger stake in AmerisourceBergen". Associated Press. Retrieved 2016-09-25.
  15. ^ "Events". AmerisourceBergen. Retrieved 11 May 2016.
  16. ^ "Retail Management Solutions to Attend The AmerisourceBergen ThoughtSpot 2015 Conference and Trade Show". PRWeb. Retrieved 2017-03-24.
  17. ^ "Archived copy". Archived from the original on March 4, 2016. Retrieved 2013-06-11.
  18. ^ "About". Retrieved 23 January 2016.

External links[edit]

https://www.amerisourcebergen.com/abcnew/newsroom/press-releases/amerisourcebergen-completes-acquisition-of-hd-smith