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McKesson Corporation And Rite Aid Expand Distribution Agreement



2/18/2014 10:13:53 AM

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SAN FRANCISCO & CAMP HILL, Pa.--(BUSINESS WIRE)--McKesson Corporation (NYSE:MCK) and Rite Aid Corporation (NYSE:RAD) announced the signing of an expanded distribution agreement to include both brand and generic pharmaceuticals. The new five-year agreement, which extends through March 2019, creates efficiencies for both companies by leveraging the strength of Rite Aid as one of the leading national drugstore chains in the United States, and McKesson as a leader in pharmaceutical sourcing and supply chain management.

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