AmerisourceBergen and Publix Announce Distribution Agreement
February 4, 2016
VALLEY FORGE, Pa. and LAKELAND, Fla. – AmerisourceBergen Corporation (NYSE: ABC) and Publix today announced a long-term agreement encompassing the distribution of branded, generic and over-the-counter health and pharmaceutical products. The agreement also enables Publix’s network of more than 980 pharmacy locations across the southeast to expand patient access to specialty medications.
“Publix continues to push the boundaries of how our pharmacy business operates in order to improve the experience and health outcomes we create for our customers,” said Fred Ottolino, Publix Vice President of Pharmacy. “With AmerisourceBergen we’ve found a partner who shares our passion for patient care and who has the knowledge and capability we need to execute our strategies.”
The agreement, which includes direct delivery to all Publix pharmacies as well as warehouse and central fill facilities, extends beyond traditional distribution and includes access to AmerisourceBergen’s Cubixx® inventory management solution. This radio frequency identification (RFID) enabled technology will be used by Publix to facilitate the dispensing of a range of specialty medications in their community pharmacies. Publix will also benefit from technological solutions designed to support overall inventory efficiency and will have access to consultative services from AmerisourceBergen as they continue to evolve their specialty pharmacy services.
“Innovative pharmacy leaders are simplifying and improving the patient experience of getting needed medications,” said Steven H. Collis, President and Chief Executive Officer of AmerisourceBergen. “Publix is doing just that and we are thrilled to have the solutions and expertise in place to support their mission and to help them unlock additional value in their pharmacy operation.”
AmerisourceBergen is one of the largest global pharmaceutical sourcing and distribution services companies, helping both healthcare providers and pharmaceutical and biotech manufacturers improve patient access to products and enhance patient care. With services ranging from drug distribution and niche premium logistics to reimbursement and pharmaceutical consulting services, AmerisourceBergen delivers innovative programs and solutions across the pharmaceutical supply channel in human and animal health. With over $135 billion in annual revenue, AmerisourceBergen is headquartered in Valley Forge, PA, and employs approximately 18,000 people. AmerisourceBergen is ranked #16 on the Fortune 500 list. For more information, go to www.amerisourcebergen.com.
Publix is privately owned and operated by its 179,000 employees, with 2014 sales of $30.6 billion. Currently Publix has 1,114 stores in Florida, Georgia, Alabama, Tennessee, South Carolina and North Carolina. The company has been named one of FORTUNE’s “100 Best Companies to Work For in America” for 18 consecutive years. In addition, Publix’s dedication to superior quality and customer service is recognized among the top in the grocery business. For more information, visit the company’s website, corporate.publix.com.