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news.US-based pharmaceutical distributor McKesson has announced that its Canadian division, McKesson Canada, has offered to acquire all the outstanding shares of Uniprix, a Canadian independent drugstore chain which owns and operates the Uniprix, Unipharm and Uniclinique banners.
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This transaction is subject to various closing conditions, including review and approval by the Competition Bureau of Canada and the consent of Uniprix’s shareholders holding a majority of the outstanding shares.
If the conditions to the offer are satisfied, McKesson Canada proposes to acquire the shares of Uniprix tendered into the offer, while member-pharmacists would remain owners of their pharmacies. The proposed transaction will therefore have no impact on the autonomy of pharmacists or their professional responsibilities, the company said.
Domenic Pilla, president of McKesson Canada, said: McKesson Canada is enthusiastic about the prospect of this transaction, which will strengthen our long-standing business relationship with the Uniprix Group for the distribution of pharmaceutical products, over-the-counter medications and consumer products.
We believe that if our offer is supported by the shareholders and approved by the regulatory bodies it will benefit the Uniprix Group’s independent member-pharmacists through enhanced product and service offerings to customers, while bringing increased financial flexibility to the banners and sustaining its network of independent pharmacy owners.