In a deal the companies said would improve one another's efficiency and scale, Wal-Mart Stores and pharmaceutical supplier McKesson Corp. have announced an expanded partnership to source generic drugs.
The new sourcing agreement leverages McKesson’s expertise in the pharmaceutical industry and Walmart’s commitment to delivering leading health and wellness services at an everyday low price to its customers, the companies said.
“Walmart and McKesson have built a strong business relationship over the past 30 years by working together to help lower the cost of health care,” said George Riedl, SVP and president, health and wellness, Walmart U.S. “The dynamics of health care continue to change, and we’re changing with it. It’s why we are taking our relationship with McKesson to the next level, using our combined size and scale to drive efficiencies, something that is core to our business.”
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