AmerisourceBergen expands in Brazil with $100M deal

Drug wholesaler AmerisourceBergen ($ABC) continues its global expansion with an agreement to buy nearly a 20% stake in Brazilian distributor Profarma Distribuidora de Produtos Farmacêuticos (Profarma). The Chesterbrook, PA-based company said today that it expects to invest about $100 million and that the deal should close in the June quarter. Last year, the wholesaler broke into Europe when it struck a deal to distribute drugs for Walgreens and Alliance Boots in Europe and the U.S. Release | More